If you have aftertax 401k funds or can make additional aftertax contributions, you may be interested in a new IRS rule. As of September 2014, the IRS has made it easier to fund your Roth IRA through a backdoor. Find more details at this Link to Forbes article.
Will you take advantage of this change in IRS rules? Do you currently fund a Roth through the traditional IRA backdoor?
Saturday, January 17, 2015
Another Backdoor opens to fund Roth IRAs.
Posted by Kristin at 12:59 PM 0 comments
Saturday, September 12, 2009
Calling Out the lies! Health insurance is available for those with pre-existing conditions
Posted by Kristin at 10:05 PM 2 comments
Labels: Current Events, Health, Insurance
Tuesday, September 1, 2009
BIGGER GOVERNMENT = smaller people
By now, we have all heard plenty of reasons why people are against and/or for an increase in government's role in healthcare. But the reason that resonates most is the effect on the individual. This article gets to the core of the issue concerning the deleterious effects of excessive government on human character.
1. People who are able to take care of themselves and do so are generally of better character than people who are able to take care of themselves but rely on others. Also known as pride.
2. The more people come to rely on government, the more they develop a sense of entitlement. Why work when there are handouts?
3. People develop disdain for work. Work is no longer considered a noble and worthy use of time.
4. People become preoccupied with vacation time.
5. People are rendered more selfish. Ever work at a can bank handing out food? The people that come in for free handouts are downright demanding.
Posted by Kristin at 8:45 PM 0 comments
Labels: Current Events, Life Values
Wednesday, February 11, 2009
Capitalism to the rescue with a real stimulus plan
Leave it to a private businessman to offer some stimulus that makes sense. It seems obvious now, but who else but a true capitalist would come up with a great way to encourage new business?
Posted by Kristin at 8:13 PM 0 comments
Labels: Current Events, USEconomy
Tuesday, February 10, 2009
Going against Nature is for Fools
Does it seem odd to anyone that our government is so interested in discouraging saving? How can anyone argue that savings is not the very essence of our personal security. Our savings are the primary foundation we have to fall back on in tough times, to get us through ordeals such as what we are now facing, and of course, to build a better life. Yet, our dear leaders, have little interest in encouraging savings.
Why is saving no longer in the interest of the public good? Simply put, the economy has been depending on consumer “overspending” for years with the government injecting stimulus at every downturn. It is a false economy. The consumer has been driving this engine and this dependency is not a healthy underpinning for any free market.
It hasn’t always been that way. At one time, a very long time ago, saving was encouraged. Saving and then investing money into one’s private business or even into the stock of other businesses helped to fund the building of products and drove job creation. When
This didn’t happen overnight. It took years to change laws and eliminate sound lending policies to free up the credit to fuel this monster, to keep consumption growing. It has been a case of growth at all costs. Leverage yourself to the hilt, take out more credit, just keep the engine going a little longer.
Obviously, we are desperate for change, but it has now become apparent that there will be no change in economic policy. This administration plans to keep on kicking the can down the road. In fact, the “can” is doubling and tripling in size. It is and has been easier to keep kicking, rather than to actually stand up and lead; to make the tough, unpopular decisions. Eventually, all of this will settle out, this farce can only continue for so long. Propping up unsound businesses will not work. There was a day when a business did not make a profit, it got squeezed out. It was economic survival of the fittest and this natural process produced the strongest and most competent businesses. Evidently, there are many who think they can change this law of nature, but we all know that nature can not be fooled.
Posted by Kristin at 7:40 PM 0 comments
Labels: USEconomy