“I love the Roth IRA. Tax-free income in retirement is a truly great deal.” -Suze Orman You’re no stranger to the power of compounding interest—but you still might be surprised at the astounding impact it can have on young investors’ financial futures. That’s why we...
“No one has ever become poor by giving.” ―Anne Frank The concept of a qualified charitable distribution (QCD) was first introduced in the Pension Protection Act of 2006. A QCD allows an IRA owner over age 70½ to make a charitable contribution to a charity directly...
"There's just one thing I can't figure out. My income tax." – Nat King Cole "The hardest thing to understand in the world is the income tax." – Albert Einstein This past year, Halloween was barely over when House Republicans introduced their version of tax reform....
“We have two classes of forecasters: Those who don't know – and those who don't know they don't know.” --John Kenneth Galbraith Annual Market Review 2017 The year 2017 was eventful, to say the least. President Trump and Congress tried, without success, to repeal the...
Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair. --Sam Ewing, former professional baseball player and All-American at The University of Tennessee On Wednesday, November 9, Janet Yellen gave...
“Don't tax you, don’t tax me, tax that man behind the tree.” —Louisiana Senator Russell Long; former chair of the Senate Finance Committee (1966 to 1981) Tax reform The House Ways and Means Committee released H. R. 1, The Tax Cuts and Jobs Act, on Thursday, November...
"I can calculate the movement of the stars, but not the madness of men." --Sir Isaac Newton The Wright brothers successfully conducted the first manned flight at Kill Devil Hills, NC, on December 17, 1903. However, an aircraft's movement through the air can be...
You may wonder at the title of this section. Why are financial tips for women different from financial tips for men? Don’t we all need the same information? The answer is no. Women are different from men in many ways, including the ways in which they manage money and...
As many of you know, I am a graduate of the University of Virginia. I applied to UVA because I am an ardent fan of Thomas Jefferson (or Mr. Jefferson, as we say at the University) and his philosophy of government. I also fervently believe in the American Creed as...
"We put those payroll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions… With those taxes there, no damn politician can ever scrap my social security program." -President Franklin Roosevelt, as quoted by...