This year has been a difficult year for software safety. Several months ago the Heartbleed bug was discovered which was described as the worst online security threat in 16 years. It was capable of defeating the “Open Secure Socket Layer” (SSL) used in internet commerce. Now last week a new bug in Windows was discovered which has been in existence for 19 years. One would think that after all this time the bug should have been detected and fixed much sooner. "This vulnerability has been sitting in plain sight for a long time despite many other bugs being discovered and …Read More
Self-employment is an important career choice for many people, and it is an option elected by many seniors and baby boomers. But with this choice comes the need to provide your own health insurance, which can be a formidable expense. And, thanks to the Affordable Care Act, a necessary one starting in 2014. If you are self employed and are seeking health care coverage, here are your major options.
Piggyback on a Partner’s Plan
If you have a spouse or partner who is or can be enrolled in an employer-sponsored plan, joining this plan is usually the simplest and least …Read More
Earlier this fall, the IRS announced increased retirement account limits for 2015. Retirement accounts that fall under these guidelines include 401(k), 403(b), some 457 plans, and the government’s own Thrift Savings Plan. The limit for the annual contribution to these plans has increased to $18,000 (from $17,500). It is also important to note that people aged 50 and above can now make “catch-up” contributions of $6,000 (an additional $500 from last year’s $5,500).
While these increases can be of great benefit to anyone, it is especially important for people over 50 who may not have saved as much as would …Read More
One of the oddest things about tax law is the fact that often the rules and regulations are decided by the many court cases that are brought by taxpayers who didn’t follow the rulebook. This happened once again in a recent tax court case, where the Tax Court decided that people can only do one IRA rollover in any one-year period, no matter how many other IRA accounts they happen to have. Never mind that the decision directly contradicted the IRS’s own guidance in its Publication 590 and a number of private-letter rulings issued by the IRS.
Since the so-called …Read More
There have been three stock rallies in 89 years comparable to 2013’s. These were 1945, 1958, 1989 to compare to 2013.
In 2013 the market had a 34% Total Return and the 12 month CPI was 1.5%. In 1989 inflation was 4.8%, so deflating 1989’s 36% Total Return by the amount that its inflation exceed 2013’s, about 3%, means that the 36% Total Return of 1989 was more like 33% versus the 34% of 2013, so truly 2013 was a record shattering rally. In 1989 there was huge global bubble top caused by Japan which inflated U.S. real estate and …Read More