There is a lot to consider when preparing for your retirement – and it can be overwhelming for some. Saving, investing, medical costs, and making sure you have sufficient income for years to come is just the start. One question many people ask is: “Should I pay off my mortgage before I retire?” The answer […]
Mortgages in Retirement Read More »
The Markets It’s not a black diamond ski run yet, but the yield curve for U.S. Treasuries is steeper than it has been in a while. A yield curve is the line on a graph showing yields for different maturities of bonds. Yield curves provide insight to bond investors’ perceptions about the economy. There are
Market Commentary – Feb 8, 2021 Read More »
Certain red flags could increase your chances of getting the attention of the IRS. Luckily, the chances that your tax return will be chosen for an audit are very low. The IRS audited les than 0.5% of all tax returns in 2019. The majority of exams were by mail, which means that most taxpayers never
IRS Audit Red Flags Read More »
The Markets They say people watching the same event often see different things. That seems to have been the case last week when share prices of a few companies experienced tremendous volatility. Some cast the events as a David vs. Goliath morality tale, however, Michael Mackenzie of Financial Times saw it differently. He wrote, “…a
Market Commentary – Feb 1, 2021 Read More »
Around the world, COVID helped make 2020 one the most challenging years ever for dentists. The Dental Tribune reported most dental offices around the world closed their doors in March. While most eventually reopened, the impact on dental practices and suppliers was significant. Many adopted cost-cutting measures. The Tooth Fairy did not suffer the same
The Tooth Fairy – Around the World Read More »
The Treasury Department prints millions of notes. The following information was obtained from U.S. Bureau of Engraving and Printing and details what goes into creating a $20 bill and when its lifespan ends. Paper A $20 bill starts out life as part of a large sheet of paper. While most paper is made primarily from
The Life of a Twenty Dollar Bill Read More »
The size of the US Tax Code has increased quite a bit over the last 100+ years. Two of our most important historical documents, the Gettysburg Address and the Declaration of Independence have 272 and 1,337 words, respectfully. Our Federal Tax Code was formally established in 1913 and had 9,337 words. It has grown to
Our Massive Tax System – By the Numbers Read More »
The Markets The event at the United States Capitol building had a resounding impact around the world, but it didn’t deter global stock markets. Last week, investors weighed the violent disruption of America’s 2020 presidential election process against the outcome of the Senate runoff in Georgia, and decided the latter was more significant. Financial Times
Market Commentary – Week of Jan 11, 2021 Read More »
Much of the focus of the new relief package has been on the $600 payments to individuals, but the 5,000+ page act covers a lot more including, small business loans, funding for the COVID-19 vaccine and unemployment. Refundable Tax Credit The $600 individual payments, in addition to the $1,200 payment under the CARES Act in
New Relief Package Overview Read More »