Sunday will mark the start of the 100-day countdown to “Taxmageddon” – Sunday will mark the start of the 100-day countdown to “Taxmageddon” – the date the largest tax hikes in the history of America will take effect. Th... view full article >>
When you convert a traditional IRA to a Roth IRA, the conversion is generally taxed as ordinary income (except for any after-tax, nondeductible contributions you've made). With the "Bush tax cuts" set to expire at the end of 2012, federal income tax rates... view full article >>
I am the Federal Reserve, hear me roar.
Printing dollars in numbers too big to ignore.
With an apology to Helen Reddy for paraphrasing her early 1970’s anthem, the Federal Reserve dropped a bombshell on the markets last week, and the reverberat... view full article >>
After a plan for attacking high European borrowing costs was announced on Thursday, buying was the order of the day as the Dow rose 245 points. The S&P 500 hit a level it hasn't seen since January 2008, and the last time the tech-heavy Nasdaq was at Frida... view full article >>
It’s about time.
Believe it or not, the U.S. stock market as measured by the S&P 500 index hit an all-time record high last week when you include reinvested dividends, according to Bloomberg. Now, you may not have seen that headline in the news... view full article >>
Are you an optimist or a pessimist?
Have you ever met a happy pessimist?
There’s a widespread perception that congenital pessimists – we all know a few – are realists, imbued with superior intellect, historical insight, and presc... view full article >>