Dec 31, 2021

House Democrats have unveiled their wish list for higher taxes.  Among other things, they want to raise the top income tax rate to 39.6% and the top corporate tax rate to 26.5%.  But investment manager David Rubenstein tells CNBC these numbers are not set in stone, ho, how do we play this?  Is it even possible to...

Dec 24, 2021

Do you have more than 600 dollars in your checking account?  If that’s a yes, the IRS wants permission to monitor it.  The IRS says by knowing how much is going in and out of your account each year, they can spot whether an individual is hiding income they may not be reporting.  This still must be approved by...

Dec 17, 2021

We’re all human, meaning we all forget things.  We forget someone’s name … we forget our email password … we forget old 401(k) accounts.  Wait … what?  Do people really forget about something as big as a retirement account?  You bet they do.  In fact, Market Watch says there are currently 24...

Dec 10, 2021

We hear a lot about the advantages of doing a Roth conversion.  But personal finance author Liz Weston warns that “later in life” conversions can sometimes cause problems.  How do we know when a Roth does – or doesn’t – make sense for us? Then, most of us are hoping that we’ll be able to maintain the...

Dec 3, 2021

There are lots of potential tax changes on the horizon … with President Biden saying he want to raise taxes on “the wealthy.”  But as IRA expert Ed Slott tells Morningstar, these types of changes could end up affecting all of us. Hear Steve explain how to get in front of these possible changes and...