My interest in the island grew tremendously during the week I visited. On the last day of my vacation, I turned on the TV to check the news, and discovered an interesting trend that is occurring. There was an “invitation only” convention of the wealthiest Americans scheduled for the very next day. I discovered that the island was positioning itself to be a new tax haven in order to woo businesses and wealthy individuals there. My curiosity hadRead More
Savant offers perspective on a variety of topics. Entries range from current events to timeless insights in the world of finance and investments.
If you did home improvements this summer, cleaned out your closet, or had a garage sale recently, you may have used household items that you want to get rid of. Or perhaps you are tired of staring at those misfit dishes in your cabinets!
Donating clothing or other household items, such as furniture, appliances, or electronics, is a great way to help the needy, declutter your home, and reduce your tax bill if you itemize deductions. This is because itemized deductionsRead More
No, this is not about overweight issues or the battle of the bulge. It is about overspending problems and the battle of the budget for young adults.
Most of us in previous generations have dealt with the same “keeping up with the Jones’” spending pressures. Wearing the right (fashionable) clothes, driving the prestigious automobile, belonging to the proper clubs, and living in the ideal house in the best neighborhood—all of that is nothing new.
But I have observed that young adults today—whetherRead More
Puerto Rico was “discovered” by Christopher Columbus in 1493 and claimed for Spain. In 1898, Puerto Rico became a U.S. Territory after the Spanish-American War. The most common language is Spanish, but almost everyone speaks a bit of English as well. The citizens of Puerto Rico enjoy many of the benefits of being a U.S. citizen, with the exception that they are unable to vote and they are not obligated to pay U.S. income taxes. The U.S. military occupied theRead More
You’ve heard it from your financial advisor in the past, and since that time you have elected to steer clear of that same conversation. After all, by the numbers he or she is correct, but it still doesn’t help you sleep better at night. Paying down debt early is often a battle of the mind.
I, too, have found myself preaching that debt can be good. I have reminded my clients that if you can earn a higher return on yourRead More