Savant Blog

Savant offers perspective on a variety of topics. Entries range from current events to timeless insights in the world of finance and investments.

17 Dec
December 17, 2014

If you had the ability to take a refund of your Social Security tax withholding and invest the money yourself, would you do it? What about if the system changed and you were required to contribute your equivalent current withholding to a tax-deferred investment account from the beginning? 

Let’s review question number one first:

Pretend for a moment that you are 22, new to the workforce, and earning $35,000 annually.  The Social Security Administration continues as is during your first 10 years of

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15 Dec
December 15, 2014

I remember reading an article several months ago about a financial advisor paving the way in the industry with her unique rule for taking on new clients.  Essentially, she would only accept new clients preparing for retirement if they were willing to run through her proprietary budgeting process.

The budgeting process that this advisor implemented worked best for new clients that had a goal of retiring in the next year or so.  The goal was for each client to review their

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03 Dec
December 03, 2014

The single most important estate planning document many of us have is a Power of Attorney for Health Care. This document allows us to name a person we trust referred to as an Agent to direct decisions regarding health care, medical treatment, and hospitalization when we are no longer able to make those decisions. Powers of Attorney also often provide authorization to your Agent to require, withhold, or withdraw any type of medical treatment or procedure even though

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25 Nov
November 25, 2014

Inaugurated just after the great inflation of the 1970s, it’s no surprise Ronald Reagan claimed, “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” Certainly hyperinflation and stagflation can be trouble for an economy, but moderate inflation is actually a sign of a healthy economy. With that said, even moderate inflation can have a large impact on your purchasing power over the long run.

In the

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14 Nov
November 14, 2014

As winter approaches and the holiday season commences, the last topic on your mind may be selling your home.  But did you know the best month to make an offer on a house is in January? Or that the best time of the year to sell a house is in the spring? There are numerous reasons to buy or sell a home. Before you put your house on the market, it is important to consider potential tax consequences of the

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