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Watch Out for the Growing Student Loan Bubble

22 May

The amount of student loan debt in this country is approaching crisis levels. In fact, student loans could very well be the next big bubble to burst. While we’re right to praise the merits of education and the value of learning, it’s smart to ask – what about the cost? The total amount of student [...]

Why are Americans Working Longer than Ever Before?

1 Jun

The Department of Labor recently reported that more Americans are working past age 65 than at any point since the agency started tracking worker longevity. The trend started to pick up in the 1990′s, and as the graph below from the Bureau of Labor Statistics illustrates, it’s stronger than ever.   In many ways, it [...]

Is There a War on Cash?

21 Mar

The negative interest rate environment spreading globally is making some want to literally kill cash. Financial experts worldwide have called for eliminating large cash bills by withdrawing them from circulation over time. For instance, Larry Summers, a former Treasury secretary and advisor to President Obama, wants to stop issuing new $100 bills and remove old ones from [...]

Candidates’ Silence on Debt Speaks Volumes

22 Feb

Isn’t it odd (or sad?) that none of the presidential candidates are campaigning on – or even talking about – reducing the budget deficit? After our last financial crisis, the deficit rose to 12 percent of GDP. That includes TARP, economic stimulus and other spending that has since become “the norm.” Back in 1991, when the [...]

Year-End Tax Preparation (Part 2)

22 Dec

As another year winds down, I always like to advise clients on the value of lowering their tax liabilities for the year that just passed. In Part 1 of this series, we talked about deferring income, along with health care and home-related strategies.  But there are more ways to keep your money in your pocket, [...]

Year-End Tax Preparation (Part 1)

15 Dec

As another year winds down, I always like to advise clients on the value of lowering their tax liabilities for the year that just passed. There are a number of tactics you can employ to keep your money out of the IRS’ hands.   The best reasons for taxpayers to minimize their tax burdens are [...]