J. Hagan & Warren Wealth Advisors
Protecting Your Wealth
By: Jeff Reeves, Special for USA TODAY Increasingly, the Internal Revenue Service has been chasing the big tax cheats and top earners to uncover missing tax revenue. But don’t think you’re immune to an IRS audit just because you’re a middle-class working stiff. Often, a simple mistake or an honest deduction in an area rife [...]
“I have read the bill and can’t find the spending cuts, even with an electron magnifying glass,” complained Representative Trey Gowdy of South Carolina, a Tea Party Republican, to the New York Times after Congress passed its fiscal-cliff-averting legislation. Gowdy might have fared better if he’d used an electron microscope, but he was certainly [...]
Last weekend’s Intelligent Investor column looked at the extreme difficulties of disentangling skill from luck when you are evaluating investment performance. It’s the topic of an excellent new book by Michael Mauboussin and a subject of endless fascination – and frustration – to investors. We tend to think of the greatest investors – say, Peter [...]
A majority of economists surveyed said lawmakers will avoid across-the-board tax hikes and steep government spending cuts but say averting the fiscal cliff will do little to propel stronger economic growth immediately. More than 90% of economists polled said Congress won’t raise tax rates on all Americans in January and a similar percentage say budget [...]
Raising Keynes hasn’t worked. What will finally lift the fog of uncertainty that bedevils the economy? By Milton Ezrati It is popular these days to compare current hard times to the Great Depression. The temptation is easy to understand. Because the events of the 1930s carry high drama and not a little romance, they make [...]
Why Seniors Face Retirement ‘Perfect Storm’ in 2013 An estimated 7 million Americans will reach the age of 65 by the start of 2013, and many will no doubt be thinking about retiring. But even if falling off the “fiscal cliff’ is avoided, some financial experts are warning anyone thinking about trading in their paycheck for [...]
The Internal Revenue Service isn’t usually a place that retirees turn for help with their financial planning. But it turns out the agency’s rules for required withdrawals from retirement accounts could provide a framework for retirees trying to calculate how much of their savings they can safely withdraw every year and minimize the risk of [...]
by Andrew Greer I am going to tell you something right now that will not surprise anyone reading this: We are going through incredibly uncertain times. We are in the middle of the most unpredictable economy we have experienced since the Great Depression. Over the past 12 years we’ve been through some pretty scary [...]
Investors’ 10 Most Common Behavioral Biases by Robert P. Seawright Barry Ritholz (of The Big Picture and a Sunday Business columnist at The Washington Post) recently contributed Investors’ 10 most common mistakes to The Washington Post Business Section quarterly investing section. It’s a commentary that he has been working on for a while — the ten topics are listed with links [...]
by Robert P. Seawright The so-called “fiscal cliff” – a term coined by Federal Reserve Chairman Ben Bernanke – refers to the combination of tax increases and spending cuts scheduled to be implemented automatically in January, 2013 without peremptory Congressional action. As things stand now, the payroll-tax holiday will end, which means a tax increase [...]
