Archive for December 24th, 2019

Merry Christmas … 45 Lessons in Life

December 24, 2019

Merry Christmas, Happy Hanukkah and HAPPY NEW YEAR to all !

This short video was sent to me by a friend a couple of years ago

It really resonated with me, so continuing a tradition,  I like to share it at Christmas time.

back with you after the New Year

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         click to view  (best with audio on)

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The perils of long-term financial planning…

December 24, 2019

A couple of months ago, we alerted readers that Congress was targeting frugal estate planner by considering an end to so-called “stretch” IRAs.

Well they did it.

While folks were fixated on a shiny object, Congress passed a massive spending bill … with some of the outrageous spending being funded by limiting IRA benefits..

Why’s that important?

Here’s our original post, in case your memory needs a jogging…


According to a WSJ recap…

Conventional financial planning wisdom has been to put as much money as possible into IRAs and 401Ks … starting early, maxing plan contributions, benefiting from company matches, growing accounts tax-free … and, if you don’t end up spending all of the dough in retirement, pass anything left in the pot to heirs.


While that basic logic still holds, Congress is moving to throw a monkey wrench into the works by substantially increasing the tax burden on heirs.

Here’s what’s going on…