Category: Government

The Fed’s Conundrum

We keep hearing about how the Federal Reserve Bank (Fed) will start to raise interest rates, as rates have been stuck at historic lows for so many years. Ask any CD regular and they will tell you CD stands more for “Certificate of Disappointment” than “Certificate of Deposit”. People on fixed incomes who depended on interest from their…
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September 29, 2017 0

How Serious Are You About Products Being “Made In America”?

I would love to see jobs come back and manufacturing get a big boost. It would help the economy and it would help provide more middle income jobs. And the faster jobs return, the better. One of the big promises of the Trump campaign was to restore manufacturing back here in the good ol’ U.S.…
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March 15, 2017 0

Goodbye, Obamacare. Hello, American Healthcare Act.

Unless you were living under a rock all week you heard that the House unveiled their answer to the Affordable Care Act (aka ACA) (aka Obamacare).  So far, the reaction on Capitol Hill has been less than gleeful—not just by the Democrats, but by many Republicans as well.  This is going to be fun to…
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March 9, 2017 0

A Trillion Dollars For Infrastructure

Would one trillion even be enough?  Just in the past few weeks, the PA/NJ Turnpike Connector Bridge was shut down after a crack in a support beam was discovered.  No idea when this 60 year old bridge will reopen. Over the weekend we heard about how the biggest dam in the country started to fail…
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February 16, 2017 0

Will Inauguration Day Impact The Markets?

I’m writing this column early Wednesday morning knowing this will hit your inbox two hours before the inauguration of our 45th president. I love the peaceful and dignified manner in which power changes hands in the U.S. and congratulate Mr. Trump on assuming the presidency. Lord knows there are many problems both home and abroad…
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January 19, 2017 0

How Well Do You Understand Taxes In Retirement?

There are many common phrases that reference the certainties of taxes.  One of the most popular is Benjamin Franklin’s “In this world nothing can be said to be certain, except death and taxes.”  Unfortunately, this phrase does have some truth.  And unfortunately again, taxes for most people do not ever stop – not even in…
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October 15, 2014 0

The Labor Market Still Stinks… Despite a Good Jobs Report

According to an article that appeared on Yahoo last week, Rick Newman says we need to look below and behind the numbers to see what’s really going on in the jobs market.  (Read article here.)  The chart below, put out by the Bureau of Labor Statistics, does a good job of presenting his case. While…
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October 9, 2014 0

Now that Tax-Day has passed, Where Does Your Money Go?

Now that tax-day is behind us, it might be a fun time to see where your Federal dollars went.  If you add up just the first five entries though veteran benefits, you will see that just about 80¢ of every dollar goes to Defense, Social Security, Health Care, Interest on the debt and Veterans Benefits.…
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April 15, 2014 0

Are you on the IRS’s Audit Short List?

One of the five great lies, right up there with “I’ll still respect you in the morning” is this one: I’m from the government and I’m here to help you.  This ditty rings even more hollow when your friend from the government is an IRS auditor. Want to know if you are on the short…
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March 21, 2014 0

The Markets Go Mad For Obamacare! Really?

The older we get, the more set in our ways we become and the more we hate change.  Because of that I really don’t ask people to change their ways.  Instead I ask them to make new decisions based on new information.  Wondering how that works out for me?  I guess it depends on the…
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March 14, 2014 0