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...
Two federal tax reform proposals could make them less attractive. Our federal government needs to reduce its massive deficit - and among the many revenue-generating ideas being discussed in Congress, two in particular could have disturbing consequences for employees saving for retirement. There is no need to...
Is there a chance that America could actually default on its debt? When will the debt ceiling issue be solved? The NFL, the NBA, the EU, Congress … wherever you look, it seems people would rather wrangle these days than resolve their differences. The U.S. Treasury...
Stocks are fizzling ...
Will the markets feel stress as the deadline to raise the debt limit approaches? August 2 looms. That is the absolute deadline for raising the federal debt ceiling, according to Treasury Secretary Timothy Geithner. The U.S. actually “hit” the $14.3 trillion ceiling on May 16 but...
The credit rating agency sends up a flare and hopes for action on Capitol Hill. Pessimism over America’s ability to reduce its deficit. When one of the world’s premier credit rating agencies issues a warning for America, global stock markets dip. On April 18, Standard &...