Tax planning has always been a very challenging element of the financial planning process. This year it has been especially difficult in light of the uncertainty associated with the pending changes to the tax code. As you may be aware, the tax cuts established by the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (both of these acts are commonly referred to as the Bush tax cuts) are set to expire at the end of the year. There has been considerable debate as to whether or not these …Read More
Money could be considered the greatest cause of Divorce. In fact, there are some studies that suggest that how ofter a couple argue about money could predict their likelihood of divorce. Once you’ve reached the point where you are going through a divorce, your finances will suffer as your assets are split in half. What you do after the divorce will lay the foundation of your finances. There are a few things you can do to make sure that you aren’t overwhelmed, and keep your head above water.
- Be Conscious of Asset Division – Not all assets are considered equal.
Do you invest to build wealth because of fear of the future? You probably will say no but many financial firms want to change that. Here is why:
I get lots of financial magazines targeted to the professional financial advisor and despite the ads touting investment companies boasting their benefits and value add to our clients, there is still a lot of slick psychological fear based marketing. Take this title I received,
“Advising Boomers in a World of High Taxes”
I didn’t know we were in a world of high taxes. In fact, we have been in a low …Read More
The thing about exchange rates is that they depend on relative rather than absolute merit. For example, if Country A maintains a booming economy while exercising fiscal …Read More