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How to Fix Social Security

Submitted by Jim Blankenship on Thursday, December 18, 2014 - 9:00am

We often read reports from the Social Security Administration’s reviews of the status of its trust fund and predictions that in 20 years funding will exist to pay 77 cents on the dollar of promised benefits. So far this revelation produces from policymakers no actual steps to fix the system. What can we do to fix Social Security?

Obamacare Tax Snafu

Submitted by Larry Elkin on Friday, December 12, 2014 - 9:00am

Practically no one looks forward to a tax deadline, but Democrats may have special reason to worry about the one they face next year. That’s when an Obamacare design problem slaps its participants with a financial penalty for failing to forecast their incomes correctly.

Ax Corporate Income Taxes

Submitted by Lewis J. Walker on Wednesday, December 17, 2014 - 9:00am

Talk of overhauling the tax code is stirring in Washington, but the overwhelming complexity of the task makes it difficult to accomplish, at least in the near term. Here’s a good, clean, quick way to tackle part of tax reform – and produce an economic bonanza: abolish the corporate income tax.

Beware of Orphaned Assets

Submitted by Joseph A. Clark on Wednesday, November 12, 2014 - 12:00pm

The investments you lost track of can return to harm you and your family. Seemingly small orphaned assets can have painful effects.

King Solomon famously warned of “the little foxes that spoil the vines.” In a secular moment, he might have written, “It is the little assets that spoil the estate plan.”

Often at our firm, we uncover forgotten assets in a family’s financial portfolio. They may be perched in accounts that they no longer check. However, these neglected assets require attention.

Untangle Retirement Taxes

Submitted by Eric Meermann on Thursday, November 13, 2014 - 12:00pm

When the Internal Revenue Service leaves a situation vague, sometimes you must guess at the answer to a tax question. The IRS recently issued a clear ruling, though, on a powerful contribution strategy that may change how you use your employer’s retirement plan.