Retirement, Income and Uncertainties: Seniors Should Brace for a New Tax Hike

Consumers are facing worrisome challenges in both working and retirement years.  Pre-retirement, they plan to lean on social security for most of their income and they save what they can toward a retirement nest egg.  Done right, retirement savings contributions can escape income tax, but political meddling with federal tax rates can wipe out most […]

Get set for a new tax on your retirement

President Obama recently called for extending the Bush-era income tax cuts for those earning less than $250,000 per year. To some, the announcement seemed like a compromise of sorts, but to others it was just another example of class-warfare. While the income tax debate is certainly very important, the back-and-forth arguments have largely ignored the […]

How Dare You Save For Retirement!

The U.S. government is planning to punish consumers who plan for their own retirement.  Whether you have a taxable brokerage account, or a tax-deferred retirement account (401(k), Keogh, Roth or traditional IRA) there’s a political bull’s eye painted on your back. Dividend and capital gains taxes are set to increase as the Bush tax cuts […]