Financial Windfall? Are your Finances in Order?

Finding yourself in the midst of a major windfall can leave you asking yourself many questions. Should I pay off my high interest debt, save it, or spend it? Before making any decisions, consider a few options that can leave you in a better spot from whence you started. Is Your Financial House in Order?… Continue Reading

Can’t It Just be FireMAN…Not Fire Person?

Short and Angry rant today. The Wife posted a picture of the boy in a Fireman’s Hat with the following status: Most comments were the standard “Your son is so cute” and “his father must be a great looking guy” but one really annoyed me.  It is the kind of political correct bullshit that ends… Continue Reading

What Does the Facebook IPO and the Twitter IPO Have in Common?

There is article after article discussing how the facebook IPO will be different than the Twitter IPO, but I came across an article this weekend from the Wall Street Journal that indirectly indicates how the situation may be similar when it comes to estate tax planning. What does the Twitter and Facebook IPO Have in… Continue Reading

What Are Your Options When You Inherit an IRA or Other Qualified Account?

Doing some research today I found a great chart produced by the IRS which highlights your options when a spouse or non-spouse inherits an IRA or other qualified Account. As you could imagine the decision you make could cost you and your family tens of thousands in an unneeded taxes. Two Examples of RMDs Gone… Continue Reading

Why Do Non-Professional People Freely Give Stock Tips?

There is this young guy in my office; he is nice enough but one of those huge talkers.  I have a feeling when I read this post back in a couple years it’ll be hard for me to remember his name because I don’t believe he’ll be here in a couple of years.  Notwithstanding, he… Continue Reading

Are You Miscalculating How Much You Need in Retirement? What is Life Expectancy

I have said it before that I am not a huge fan of the 4% safe withdrawal rate discussion.  It doesn’t make a whole lot of sense to me.  What you are allowed to take out means nothing if you need the funds, but I digress to today’s point – there is another part of retirement… Continue Reading