March06

#209 Investment Advice, Retirement Investing

Bruce kicked off the show with a discussion about how to manage his “fun money” account in conjunction with his advisor-directed funds. One idea is to let the pro do what he or she does best and then you can use the secondary account to fill in the asset allocation gaps. Download the podcast on iTunes
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March03

Leaky Retirement Savings

If only fixing a leaky retirement account were as easy as repairing a leaky faucet. A new report from the Center for Retirement Research at Boston College found that money is seeping out of retirement accounts at alarming rates, causing permanent damage to future retirement account balances. The cause of these leaks is “any type
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February28

Wage Watch, NASDAQ 5000 and Sock Puppets

After the stronger than expected January employment report, economists and investors enter the new month anticipating another solid, though not quite as good February reading on jobs. The dual headwinds of bad weather and the West Coast port labor dispute likely kept job creation to 230,000, below the average monthly gain of 336,000 over the
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February27

#208 Taxes, RMDs, Target Date Funds

As we say goodbye (and good riddance!) to February, there were lots of questions about tax preparation, Required Minimum Distributions and whether or not to use target date funds. Thanks so much to Peter, Mike and Lisa, all of who offered extra information for our listeners! Download the podcast on iTunes Download the podcast on
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February23

Obama Endorses Fiduciary Standard for Retirement Accounts

The White House wants to change the way brokers provide advice on retirement accounts. President Obama endorsed a Department of Labor proposal, which would require brokers to act in a customer’s best interest—the so-called FIDUCIARY duty—when working with retirement investors. The rule change is intended to crack down on “backdoor payments and hidden fees,” which cost retirement savers
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February21

Janet Yellen’s 7-Year Itch

Are Fed officials getting the seven-year itch? The central bankers have kept short-term interest rates (the federal funds rate) near zero since December 2008. Back then, the economy was reeling from the financial crisis and was one year into what would become the most severe recession since the Great Depression. Slashing interest rates and purchasing
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February20

#207 Zero Tax in Retirement

CFP and CPA Michael Goodman, President of Wealthstream Advisors, wants everyone to strive to pay ZERO taxes in retirement. He says that the ability to do “micro” Roth conversions and to utilize  IRA Charitable Rollovers, which allow taxpayers age 70 ½ or older to make tax-free charitable gifts of up to $100,000 per year directly from their Individual
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February13

#206 Valentine’s Day with IRA Expert Ed Slott

Retirement guru Ed Slott returns to the program to offer great advice during the hectic tax prep season: ABC or Always Be Contributing (to retirement!) While he favors a Roth over a traditional IRA, he just wants you to put yourself first in order to navigate this YOYO (You’re On Your Own) environment. Download the podcast on
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February09

Attack Your Taxes: Deductions, Credits, IRAs

In a separate post, I outlined “What’s New for 2014 Tax Filing Season“. Today, we return to tax basics, starting with tax credits, which provide a dollar-for dollar reduction of your income tax liability. Here are some of the most popular and widely available credits: The Child Tax Credit: Up to $1,000 for each qualifying
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February09

Attack Your Taxes: What’s New for 2014 Filing

The 2014 tax filing season officially opened on January 20th and by now, you should have received all of the documents necessary to attack your taxes. For the technophobes out there, the IRS has a reminder: filing electronically is the most accurate and fastest way to get a refund. The error rate for electronically filed returns
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