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“The 411 on 529 and other college savings plans”
“The 411 on 529 and other college savings plans” <http://www.onlinecolleges.net/2013/04/18/the-411-on-529-and-other-college-savings-plans/> A nice summary of some of the issues, both good and bad, about 529 plans and some other alternatives for saving for college. Particularly nice to see the two main variations of 529s discussed – “college savings” versus “prepaid tuition”. We don’t see discussion of Read more
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Should I be alarmed at a “MAP-21” notice in my employer’s pension information?
A recent poster to the misc.invest.financial-plan newsgroup asked about a MAP-21 notice as part of the information from his employer’s pension plan. Below, you’ll find our response: Should I be alarmed at the following info contained in my former employer’s Annual Funding Notice for Retirement Plan? With MAP-21 rates, fund is at 101%, without Read more
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US Treasury I-series savings bonds – still zero real yield
For the 6th straight 6-month period in a row, US Treasury I-Bonds will be issued with a fixed “real” rate of 0%. That’s zero. Nil. Nada. Zip. The nominal yield is higher, since it’s a composite built out of the fixed (zero) rate plus a component representing inflation. The composite rate right now is 1.18%. Read more
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A whopping 52.6 percent tax rate on ordinary income
From an article about ranking the tax efficiency of certain income-oriented investments for six-figure earners: Begin by choosing marginal tax rates for both ordinary income and long-term capital gains. Litman Gregory assumed a whopping 52.6 percent rate on ordinary income, which includes 8 percent for state income tax. The federal portion consists of this year’s Read more
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Gold Bugs Swatted Again
Gold Bugs Swatted Again Rick Ferri on gold. note especially his charts showing inflation-adjusted price of gold. Read more
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A brief history of taxes in america (humor, kinda)
A brief history of taxes in america (humor, kinda) [gotta love the mustache-twirling robber barons]http://www.theawl.com/2013/04/a-brief-history-of-taxes-in-america If we cannot cry, we should at least laugh. Read more