Monthly Archives: January 2013
Buy, Hold, and Rebalance
Rick Ferri, kind of a broken record, but at least it’s stuck on a great song — on buy/hold/rebalance. (His other “greatest hit” song is that one about low-cost, index-based, passive investments) http://www.rickferri.com/blog/investments/a-balanced-portfolio-for-a-balanced-life/ Many financial pundits criticize a balanced approach. They say a buy, hold and reliance strategy is simple-minded and a relic of the […]
From American Public Media (NPR) – Explainer: how to choose a financial planner
From American Public Media (NPR) – Explainer: how to choose a financial planner “Fee-only advisers are a bit like the Holy Grail of financial helpers. There aren’t that many of them out there, and they can be tough to find.” Unfortunately, I find that the article was too short to be very helpful, and that […]
Great explanation of the ObamaCare taxes kicking in
Great explanation of the ObamaCare taxes kicking in Two new taxes which are part of the Patient Protection and Affordable Care Act of 2010 (PPA, also called ObamaCare) have taken effect as of January 1. The first is the new 3.8% Medicare “surtax” on investment income. Until recently, while investment income was subject to either […]
Making tax-free transfers from your IRA to a charity
In 2011, there was a provision in the law which allowed one to make direct transfers from one’s IRA to a charity. By doing so, one could satisfy his RMD requirements while avoiding paying taxes on that transfer. Moreover, it was a better tax break than if you’d taken the distribution in cash (taxable income, […]
Ultra-Short Summary of American Taxpayer Relief Act of 2012 (HR8 as amended by the Senate)
American Taxpayer Relief Act of 2012 (HR8 as amended by the Senate) The first two items below directly affect nearly every taxpayer. The third affects anyone with earned income, and the fourth affects every married couple. The rest are much narrower in scope (ie. highest income folks, large estates, etc): All Bush-era tax rates made […]
Meyers Wealth Management 