...the rest of us wait until income tax time. Ba dum chhh. Seriously though, the IRS says that the average taxpayer spends about 13 hours preparing their tax return each year. It's also been estimated that Americans spend around $27.7 billion every year on tax...
The Great Recession began in October of 2007. Financial institutions failed, families lost their homes, the unemployment rate doubled, and the stock market dropped over 60%. In November of 2008 the Federal Reserve launched "QE 1" and began buying up “toxic” assets, i.e., mortgages at...
In the last two briefs of January, Ryan and Geoff wrote about their personal finances, the way they invest, and how they got to Beacon, and I was going to follow suit until GameStop happened and we felt compelled to pause the regularly scheduled content to address that...
Let's pretend you had $200,000 to invest for the next 7 years. Would you rather take a guaranteed total return of $14,274 or would you trade that amount for the possibility of earning $101,799? Your answer probably depends on how you feel about risk, the...
When it comes to income planning in retirement, it is crucial to understand the four primary taxes you will have to navigate. If you navigate them well, you can keep more of your money and send less to the IRS. The first tax you will face...
At this point, I don't know how much there is to be gained by wading into the vastly oversaturated territory of GameStop-related (and AMC, Blackberry, et al) material. In doing so I run the risk of dragging into the fray those of you who've made...
There are two kinds of people in this world. Those who instantly knew who Ned Ryerson was the second they saw this email land in their inbox and those who didn't. For those of you in the latter group, Ned Ryerson, aka Needlenose Ned, aka...
Over the past year there's been a spate of "How I invest my money" articles where a prominent financial advisor discusses what he or she actually does with his or her own money. It's a discussion that's long overdue and was started by Josh Brown,...
I don't watch It's a Wonderful Life every year, but I did this Christmas, and I noticed something I hadn't before. In a pivotal scene with George in his dad's old office at the Building and Loan, I saw this wall hanging in the background. It reads: "All...
I can remember walking into my first economics class back in 1992. The professor had drawn a chart titled something like, Supply, Demand and The Flow of Money, Goods and Services, on two huge chalkboards that covered the front wall of the theater style classroom....
