Over my 40-something-year career, I recall several instances where a parent or grandparent made a gift of insurance. Perhaps it was a gift of life insurance on a young child, designed to encourage college money accumulation. Perhaps the bride’s father gave a gift of the first annual premium for life…
Open Season is just around the corner, and I’m not talking about hunting season. With Medicare coverage, it’s a time when we may change our Part “D” Prescription plan, or Medicare Advantage plan for the coming year. Actually, the correct language is “Annual Election Period,” or AEP for short. In…
“Render unto Caesar the things which are Caesars, and to God the things which are God’s,” said the Master about 2 millennia ago. From this we can see that the present generation’s concern about fair taxation is nothing new. People hated taxes then and still hate them now. Many are…
The Carter administration era was a revolutionary time. The political revolution was in Iran, but a financial revolution was occurring in the USA. It was a time of high inflation, and high interest. …
Anybody else recall a corny song by the Statler Brothers with the line “you can’t have your Kate and Edith too, you rascal you..?” Of course, this is a take-off from the proverb that you can’t have you cake and eat it too (I always hate it when I have to…
The story is told of a bow hunter out in the Rocky Mountains who shot an elk, but the arrow merely wounded it. The elk, having identified the source of his trouble, set about to eliminate it.…
We typically think retirement savings should be tax free. After all, the charm to that 401-K or IRA account is the tax break. You get to put the money in “before-tax” and the growth is also free of tax, right? Actually, it might be more correct to say it’s “tax-deferred.”…
