9 Out of 10 Mortgages Have Sub-5% Rate
For most our homes are our largest asset. It’s no wonder that as values rise and cheap financing abounds consumers continue to spend spend spend. Where’s that recession we were promised?!
Trump v Biden Tax Proposals
The income side of fiscal policy (i.e. taxation) is always highly politicized. The song never seems to change. Republicans think everyone pays too much. Democrats think everyone pays too little. An oversimplification? Maybe. Nonetheless a basic understanding of the proposals independent of the emotionally-charged rhetoric can go a long way towards achieving Thomas Jefferson’s view [...]
Trump vs. Biden Tax Proposals
What each candidate has in mind for our tax dollars:
How Americans are Spending Stimulus Payments
When the government rushes out a program that lacks oversight and is based upon arbitrary rules it’s going to create many unintended consequences. If you’re pro-Democrat or pro-Republican you can find what you like/dislike about ‘stimulus’ payments and head over to Twitter for ‘reasonable and intelligent discourse.’ This post is not about commentary. We’ve already [...]
COVID-19’s Impacts
Now that the noise has died down (a bit) we've opted to say a few words.
Why Financial Literacy Is So Elusive
Nice article from Barry Ritholtz about the importance of a basic financial education, why we're so bad at providing it and what can be done to improve the situation.
Financial Planning as Pleasant as A Medical Exam
Who likes a visit to the doctor’s office? Exactly. In a recent survey conducted by The Harris Poll Americans likened financial planning to a medical exam. Adults aged 18+ were asked how they feel about financial planning. The #1 answer was “not my favorite thing in the world but know it needs to get done [...]
Who Funds Budget Deficits?
When Uncle Sam’s income (i.e. tax revenue) is less than his spending he runs a budget deficit. The Treasury Department sells Bills, Notes and Bonds (i.e. “Treasuries”) to cover the shortfall. Who are the buyers? Who enables the federal credit card? Historically the gap was filled from overseas. Individuals would buy Treasuries due to [...]
Who Funds Budget Deficits?
When Uncle Sam’s income (i.e. tax revenue) is less than his spending he runs a budget deficit. The Treasury Department sells Bills, Notes and Bonds (i.e. “Treasuries”) to cover the shortfall. Who are the buyers? Who enables the federal credit card? Historically the gap was filled from overseas. Individuals would buy Treasuries due to [...]
Using Trusts and LLCs as SALT Cap Workaround
We all know that guy. Heck, we might be that guy. You know who we're talking about. He’s the guy who solves one problem by creating three even worse problems. Well, that guy is at it again. In an attempt to get around the $10,000 cap on state and local income and property tax deductions [...]