Generosity Wealth Management
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Bipartisan Vow: We’ll Fix AMT
20 million people will be paying the "tax on the rich" AMT come January if Congress doesn't amend the law. Will they? My guess is yes. Will they resolve the estate tax issues by the end of the year? I doubt it. FULL ARTICLE: BIPARTISAN VOW: WE'LL FIX AMT...
Happy Thanksgiving
Next week is Thanksgiving and I certainly hope you have a wonderful holiday filled with food, wine, and family. I'm Thankful for so much, including the fact I have a great business with wonderful clients and friends. Thanks for reading my newsletter and all your warm...
Difference Between Fiscal and Monetary Policy
What's the difference between Fiscal and Monetary policy? It seems like discussions about these 2 similar, but very different, topics are forever getting confused. If you're worried about taxes, deficits, and the debt, is that a fiscal or monetary issue? I want you to...
Learning to Take Small Losses Quickly
One important lesson in managing a portfolio is: Take your losses quickly and move on! We're all going to make mistakes. The right thing to do is admit it was a mistake, sell the loss, and move on to your next investment. It's that simple. It's what separates the pros...
FDIC on checking accounts going to infinity
Starting next year, the FDIC limit on checking accounts will increase from $250,000 to an unlimited amount. What? Isn't the FDIC broke already? Yes, but why let that get in the way of a government (or quasi-government) policy. This coverage amount will last until the...
Unintended Consequences
There is an interesting study that says states that ban texting while driving actually have rising accident claims. Why? They theorize that drivers try to evade police by lowering their phones when texting, which increases the risk by taking their eyes even further...