Recently read a story about a guy who lost his home over an $8.41 tax bill. Uri Rafaeli, a retired engineer, owed Oakland County just under 10 bux. Somehow, the bill didn’t get paid or got overlooked or something. Instead of giving the guy any amount of leeway, they snatched his home. Can you imagine […]
Trump’s fake data problem
I hate talking about the economy crashing because it means everyone has to go from opportunity-seeking mode to asset preservation mode. Lately, I’ve been flapping my gums about how life insurance can give you money for opportunities without having to divest your profitable investments. But… Probably we’re all about to get a demonstration of the […]
Why retirement plans are a big fat tax idiot
Happy tax day! Let’s rap about why retirement plans are the basic b*tch of the financial industry. The not-so-obvious reason is the illusory tax benefits masquerading as some kind of amazing feat of mathematical wizardry. Enter, the professionals. The Society of Actuaries (which helps guide the design of pension and retirement plans) tells the general […]
How to reduce stress over taxes
Was recently reading that something like 98% of Americans are at risk for identity theft because of all the data breaches. Weird. Criminals filing fake tax returns seems to be what’s hot now. Honestly, it’s something I never even thought criminals would think of. Yet another reason to never give the IRS an interest-free loan […]