Unbiased financial advice from fee-only financial planners

Brought to you by the National Association of Personal Financial Advisors

1
We Need a Partial Shutdown of Government
2
Rollover Rules
3
Radio: Parts of the Government Should be Shut Down
4
Was 2013 a Record Shattering Market Top?
5
Wants and Needs

We Need a Partial Shutdown of Government

Partial Shutdown Needed

The day after Republicans took control of the Senate, they demonstrated how out of touch they are with the voters who put them there.

Mitch McConnell, the incoming Senate majority leader, promised, “There will be no government shutdown or default on the national debt.” In the primaries, he set his goal to crush Tea Party challengers and their ideas. His goal is to be a “right-of-center governing majority,” a moderate by definition.

The problem with these promises and this stance is that some of the government needs to be shut down. We need a smaller government with less …

Read More

Rollover Rules

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

Radio: Parts of the Government Should be Shut Down

Radio: Parts of the Government Should be Shut Down

David John Marotta was interviewed on radio 1070 WINA’s Schilling Show discussing government waste and what would happen if parts of the government were shut down.

Voters who swung to the Republicans in this election don’t really care if politicians have a D or an R after their name. Their primary concern is not to see their team win. They want a smaller government with less waste, fraud, special interest, and drag on the economy. They want less meddlesome unintended consequences of regulation and more of what we all agree that government should be doing.

Listen to the radio show …

Read More

Was 2013 a Record Shattering Market Top?

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

Wants and Needs

350px-kiaules_metai1_2007-01-112Sometimes when we need more money for a specific goal in the future such as retirement, college, a down payment on a home or an emergency fund we may feel that before these things can happen we need to make more money. We may feel that once our incomes are up to a certain level that we’ll be able to afford to save for those goals.

It may not be necessary to earn more in order to achieve the above goals. For many folks the solution is simply to prioritize. In other words, learning to distinguish between the wants and …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login