I should point out, again, that the titles of these blogs are Financial Myths. Especially this one.Conversions from your pre-tax retirement accounts such as: Traditional IRA SEP IRA 401k 403b SIMPLE IRA TSA. etc. must be calculated every year to be sure you don’t bump yourself up into the next tax bracket . . . […]
EVERYONE SHOULD DO ROTH CONVERSIONS Read More »
Well, all know this isn’t true. But it isn’t your fault. This last year Gary Duell was the procrastinator. None of the smartest people in the room (not including yours truly) could agree on what was going to happen and what to do about it. Now that a major source of craziness will largely
Financial Advisers Keep Their Clients From Procrastinating Read More »
This is a solid, proven myth. The only trouble Social Security is in is the same trouble it’s been in since before it was signed into law 84 years ago: ignorant, malicious attacks by self-righteous ideologues. As quoted in Social Security Works: The most important takeaways from the 2019 Trustees Report are that (1) Social
MYTH: Social Security is in Trouble Read More »
Well, that’s a myth. There is no such thing as a “Federal Student Tax ” (other than the larcenous interest rates they charge students) But here are some recent things scammers do that IRS definitely will NOT do: Demanding immediate tax payment for taxes owed on an iTunes gift card. Soliciting W-2 information from payroll
IRS Makes It Easy to Pay Your Federal Student Tax On The Phone Read More »
Yes this is a myth. And here’s a case in point from IRA guru Ed Slott’s recent article in Financial Planning magazine. The Greens were awarded $50,000 by the arbitrator! PRACTICE FINRA Award Goes to Client After Advisor’s Tax Oversight By Ed Slott April 11, 2016 Twitter LinkedIn Facebook Google + Email
All Advisers Are Well-Versed On Distributions From Retirement Plans Read More »
The heading of this post is, as usual, a myth. You can save money this year. Thanks to WealthManagement.com for some of these tips: I think all parents of college-bound kids are aware of the FAFSA. There is no charge for this application for student aid. And the early bird gets the worm; funds are limited.
I CAN’T AFFORD TO SAVE ANY MONEY THIS YEAR Read More »