Once you’ve reached the last month of the tax year, there aren’t a lot of things that can be done to minimize your income taxes. But there are a few things that could be done.
Following up my article which provided several brief examples of the Social Security Spousal Benefit, I thought I’d provide some further explanation and background for the provision. It appears from some of the feedback I have received that there is a great deal of confusion over this provision, so hopefully the further background explanation that I’m providing here will be of help.
I have listed below several additional background details about how the Social Security System works, in order to help you better understand the prior article.
Additional Background Explanation
As stated at the outset of the previous …Read More
When it comes to your finances, are you on offense or defense?Me, I’ve always been a defensive player by nature. I was never the one sprinting down the court for a fast break to the basket. But I was usually the defensive player who intercepted the pass and got it to that point guard for the fast break. I’m finding the same is true in tennis these days. I am MUCH more comfortable as a baseline player reacting to the return rather than charging the net to take the ball out of the air and putting away the point.… Read More
In last week's Wall Street Journal Burton Malkiel writes that investors should refuse to buy U.S. Treasuries and instead should buy Muni bonds, foreign bonds in countries like Australia that have better finances, and dividend paying stocks.
The reason I disagree with his recommendation to buy Munis is because they have credit quality risk that does not make them comparable to Treasuries. Also they have the risk of being refinanced into lower rates whereas Treasuries are non-callable (no prepayment allowed). Munis are thinly traded and subject to expensive Broker-Dealer markup-Markdown costs that are opaque and difficult to judge.
Australian bonds …Read More