James C. Molet's Blog, page 26
April 20, 2017
Thinking About Money and Psychology
Documentary: Thinking Money: The Psychology Behind our Best and Worst Financial Decisions (2014). Most of us have made decisions we regretted the next day. The thrill of the purchase quickly wears off. The emerging field of behavioral economics reveals why and shows that we’re practically hard-wired to overspend, an activity that lights up the brain’s pleasure... Read Article →
April 15, 2017
Toxic Inequality – A SavvyReview
Toxic Inequality: How America’s Wealth Gap Destroys Mobility, Deepens the Racial Divide & Threatens Our Future Hardcover: 218 pages Publisher: Basic Books (2017) Author Thomas M. Shapiro is the Pokross Professor of Law and Social Policy at the Heller School, Brandeis University, where he directs the Institute on Assets and Social Policy. While many will reflexively... Read Article →
April 14, 2017
Banking on Social Security
Ten years after the financial crisis and recession, middle-income Boomers are increasingly reliant on Social Security for their retirement income, according to a new study that details the mindset of current and soon-to-be retirees. The Financial Crisis Strikes Boomers The proportion of middle-income Boomers who expect to rely on Social Security for their primary source... Read Article →
April 13, 2017
With Taxes ‘On Sale’ it Could Be Time to Convert to a Roth IRA
The following is a guest post from Gary Marriage Jr., the founder and CEO of Nature Coast Financial Advisors which educates retirees on how to protect their assets, increase their income and reduce their taxes. Retirement can open up a whole new way of life for Americans ready to bring their working years to an end,... Read Article →
With Taxes ‘On Sale’ it Could Be Time to Convert to A Roth IRA
The following is a guest post from Gary Marriage Jr., the founder and CEO of Nature Coast Financial Advisors which educates retirees on how to protect their assets, increase their income and reduce their taxes. Retirement can open up a whole new way of life for Americans ready to bring their working years to an end,... Read Article →
April 12, 2017
Interview with IRS Commissioner Koskinen
With Tax Day right around the corner (April 18), the National Consumers League interviewed IRS Commissioner John Koskinen as part of their #DataInsecurity Thought Leaders series. The wide-ranging interview with Commissioner Koskinen explored a range of questions about the agency’s success at reducing tax identity fraud rates and dealing with fraudsters using stolen data. The... Read Article →
April 11, 2017
Baby Boomers and Student Debt
The following is a guest post from Drew Cloud. Drew started the Student Loan Report when we found it difficult to find student loan news and information in one place. In his free time, you can find Drew playing basketball, reading other blogs, or playing with his Great Dane named Rudy. When we think of... Read Article →
April 10, 2017
Meeting the Tough Mudder (Half) Challenge
Those readers following the updates – here, here, and here – know that along with my wife and brother, I have been training for a Tough Mudder. We decided to tackle a Tough Mudder Half (five miles and thirteen obstacles) for our first event. We figured a Half was the best way to dip our... Read Article →
April 7, 2017
Spend Your Tax Refund Wisely
As we drift toward the conclusion of tax season, now is a good time to give some thought to what to with an anticipated refund. Would your tax refund be put to better use by establishing, or adding to, your emergency fund? How about opening a Roth IRA or making an extra mortgage payment? As with... Read Article →
April 5, 2017
Understanding Required Minimum Distributions
If you are a SavvyReader that is within five years of retirement, you should be developing an order of withdrawal plan for your various retirement accounts. One element you must consider as you develop your plan is the RMD requirement. And if you are a SavvyReader that is quite a few years away from retirement, you... Read Article →
