Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Bob's Blog on Retirement & Beyond

Paying For IRA Fees

June 19, 2018

Fees on IRA accounts used to be deductible as miscellaneous itemized expenses. Only a few people were able to deduct them, because total miscellaneous itemized expenses had to exceed 2% of adjusted gross income and you had to itemized deductions to take the write off. But the 2017 tax law eliminated the miscellaneous itemized expense […]

A Different Take On Debt

June 19, 2018

It’s easy to find articles and pundits worrying about current and future levels of debt and forecasting dire economic consequences. This article has a different take. It looks at a wide range of data and concludes that there’s nothing to worry about current or anticipated future U.S. debt levels. It says the worriers all are […]

No Medicare Reform Soon

June 19, 2018

This article says the Republican leadership has given up on enacting some kind of Medicare reform this year. Most people cited in the article also say that Medicare reform is unlikely after this year, largely because House Speaker Paul Ryan is retiring. Ryan has been the strongest supporter of substantive Medicare reform but has been […]

The World Cup And Stock Returns

June 18, 2018

Don’t be surprised if the stock market declines while the World Cup football/soccer championship is underway. This article reports on research that finds stock indexes generally lose value when the World Cup is underway. Data suggests that traders from Wall Street in New York to the “Square Mile” in London to the Brazilian stock exchange […]

New 529 Plan Rules

June 18, 2018

The Tax Cuts and Jobs Act made some changes to 529 savings plans, which I discussed in Retirement Watch. This article says many parents still aren’t making use of the provision and explores the reasons why. They may be concerned their funds in a 529 plan could reduce their child’s chances of being awarded a […]

Investors Are Doing Better

June 18, 2018

We regularly see reports concluding that investors earn lower returns than the published returns for individual mutual funds. The reason usually given for the discrepancy is poor timing. Investors tend to buy a fund after it’s had good returns and then sell after a bad period. This article from Morningstar says investors have done better […]

Preventing Elder Abuse

June 15, 2018

Older people who suffer financial or physical abuse tend to have one thing in common. They’re usually living alone and are isolated. That gives caregivers and others their opportunities. In this article, a former prosecutor of elder abuse argues that adult children bear a responsibility to stay in touch with their parents frequently to be […]

Sell In May And Go Away?

June 15, 2018

That’s the well-received adage of Wall Street. Many investors swear by it. But this article takes a different tack. It has charts and tables to argue that “sell in May and go away” is bunk. In the short run, the day, week or month in which you choose to buy stocks will invariably lead to […]

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