Month: August 2013

The IRS’s “Dirty Dozen” – Common Tax Scams

Although the 2012 tax season is officially over, tax scams unfortunately are not, which is why the IRS issues an annual “Dirty Dozen” list that includes common tax scams affecting taxpayers. Taxpayers should be aware of these tax scams so they can protect themselves against claims that sound too good to be true, and because…
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August 23, 2013 0

Is This Cyclical Bull Market Getting Old?

According to Stephen B. Blumenthal, CEO of CMG Capital Management Group, Inc., this bull market could be getting a little long in the tooth.  Who knows?  We did see a big drop (over 200 points in the Dow) one day last week, but nobody knows what markets will do in the future. According to Blumenthal, “after…
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August 23, 2013 0

Thoughts on the Affordable Care Act

At President Obama’s news conference last week, he answered several questions about the Affordable Care Act, aka ACA or Obamacare.  You choose. The President said there will be some rough edges that will need to be worked out.  Talk about an understatement!  From everything I’ve read, there are still many pieces of the puzzle that…
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August 16, 2013 0

How do Retirement Plan Accounts Fare During Retirement?

You all have them, and while you are working, you all love them.   I am, of course, talking about your retirement plan.  Specifically, this may be your 401k, 403b, 457, IRA or other related type of plan. You love how you get a tax deduction when you put the money in, you love how you…
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August 16, 2013 0

Beneficiary Controlled Trusts

By Jeremy A. Wechsler, Esq., Your Estate Planning & Asset Protection Attorney Asset protection is no longer for the super wealthy. In today’s world, consider how common the following events are: divorce, bankruptcy, foreclosure, lawsuits, creditor problems, addictions, special needs, and an inability to manage money properly. While you’re putting together your estate plan, you really…
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August 9, 2013 0

Time to Buy Gold…Again?

An article appeared in the July 22nd issue of Barron’s Magazine suggested gold is set to rally about 20%.  Written by Gene Epstein, a Barron’s columnist, the article suggests that gold’s rapid decline seems to have hit a barrier at around $1,200 an ounce and that recent data suggests a rebound to $1,550 in the…
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August 9, 2013 0