IRAs & workplace retirement plans have higher contribution limits. The IRS has set annual contribution limits for IRAs, 401(k)s and other retirement plans higher for 2013, and made other important adjustments for inflation as well. Here is an overview of some notable changes just announced. The 2013...
You may want to exploit these strategic opportunities. Will the Bush-era tax cuts expire next year? We may not have an answer to that question for several months. After the November elections, you could see them extended once again. Nothing is certain: with the daunting financing...
WEEKLY QUOTE“No rational argument will have a rational effect on a man who does not want to adopt a rational attitude.” - Karl Popper WEEKLY TIP This is the time of year to get your “tax file” ready. Start a file in which you can compile your W-2s,...
WEEKLY QUOTE“I have never let my schooling interfere with my education.” - Samuel Clemens WEEKLY TIP Most homeowner insurance policies do not cover damage from floods and earthquakes. You will need to purchase separate coverage for protection from those calamities. WEEKLY RIDDLE What 9-letter word remains an English word...
WEEKLY QUOTE“Judge each day not by the harvest you reap but by the seeds you plant.” - Robert Louis Stevenson WEEKLY TIP Spending and value should go hand in hand. Reduce or forego spending money on things that don’t bring you much value. WEEKLY RIDDLE It has no crown, yet when the chips...
WEEKLY QUOTE“Being brilliant is no great feat if you respect nothing.” – Johann Wolfgang von Goethe WEEKLY TIP If you’re thinking about selling a business, consider contacting a business broker, one that represents companies similar to yours. It may make finding an appropriate buyer easier. WEEKLY RIDDLE What is worn by the foot...
WEEKLY QUOTE“You must do the thing you think you cannot do.”– Eleanor Roosevelt WEEKLY TIP It may be a good idea to make your 2012 IRA contribution at the start of the year, rather than waiting until the tax filing deadline of the following year. That way the contributed...
Some bulls see great opportunities in this correction. “The lower things go, the more I buy.” The legendary Warren Buffett said those words on August 9 in a chat with Fortune. Buffett is a buy-and-hold kind of guy, and even if you don’t buy into his...