15 Aug
August 15, 2014

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 had

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29 Jul
July 29, 2014

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 the

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18 Jul
July 18, 2014

We chose Puerto Rico as our family’s Spring Break destination this year. My wife, Wendy, and I would be traveling with our two teenage children. We had narrowed it down to Puerto Rico or Washington, D.C., but decided on Puerto Rico mainly because of the late arrival of warm weather to Rockford and a recent article naming Puerto Rico as the top destination for low-cost spring break vacations for families. We were not disappointed as the temperature ranged between 75 and 90

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17 Feb
February 17, 2014

Roth IRAs have only been in existence since 1998, but their usage has been steadily gaining traction ever since. In fact, a recent IRS bulletin states that Roth IRA conversions have increased dramatically in the past few years, especially for those earning more than $100k per year. What triggered this wave of conversions? In 2010, the government eliminated the earnings cap that affected worker’s eligibility to convert traditional IRA dollars to Roth dollars.

Traditional IRAs and Roth IRAs are very similar,

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10 Sep
September 10, 2013

For many Americans, going without health insurance is a gamble that could lead to financial catastrophe. It’s an even bigger gamble for those who are approaching retirement, due to their heightened potential for age-related illnesses and injuries. Retiring without insurance is fine for some people; they may be able to remain on their company’s group plan after separation, or they can rely on a working spouse’s plan. But if you have no plan at all, you need to face reality—quickly!


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