A Tax on Unearned Income – For the First Time in History

A little known provision was slipped in among many other below-the-radar changes with the so-called “healthcare reform” bill. It’s called taxing unearned income. Let me illustrate: So let’s say you are one of the 51% of Americans who pay income tax. You also still have a house to pay property taxes. And of course you [...]

The New Retirement – Investment Planning

Seemingly overnight, the long-held vision of retirement as a time for total relaxation has evaporated. Unless you’re already retired or one of the few truly ultra-wealthy that can survive solely on your investments, the old view of retirement is dead. But something has sprung up in its place. It’s the new retirement—you still need an [...]

It’s About Jobs, Stupid – Unemployment Rate

October 2009. Unemployment rate hits double digits – for the first time in 25 years. And that’s just the official rate. If you count the underemployed – those not to mention those who just plain gave up – you are up to an estimated 17%. Now, for 3 months ending in March 2010, the unemployment [...]