It was only a couple days after the horrific assassination attempt on former President Trump, when the texts started coming. No tragedy, however dreadful, is missed by the political campaigns in their quest to raise money. It’s not the first text like this that I’ve gotten this year. I didn’t sign up for anything from Trump or Biden. I certainly wasn’t looking for Trump’s “love”. … Continue reading Political Campaign Exemption
Well, I gave Biden some credit back in December for the nice bump that we had seen in the stock market in 2021. I felt obligated to, given how well the market had performed … +27% last year. Still, I noted then that I was worried that Biden wanted to be too helpful and that significant inflation was a real worry. He literally said “help … Continue reading Politicians Too Eager To ‘Help’
I like to tell my son – “my turn running the world is over, it’s your responsibility now.” With Biden now in office, I started looking at what impact the Democratic Party proposals might have on our household. I sold a lot of stock options for cash last year to get ahead of potential changes in tax rates, but that cash will only last so … Continue reading No Impact From Washington DC?
The old saying goes “put your money where your mouth is” and I have a friend who has been betting his political analysis/opinions on the interesting website ‘PredictIt’ this week. As you can imagine, he’s had a wild week! While I made a few friendly wagers (a bottle of wine or 6-pack of beer) with some buddies on the outcome, my friend put major $$$ … Continue reading Betting The Presidency
With the Presidential election this week, I thought I would do a quick portfolio check to see where our retirement portfolio is sitting before the markets react. It seems a big enough change-point, that I would keep track of where we are at – at this moment in time. The good news is that despite the pandemic sell-off in March, we’ve weathered the 2020 storm(s) … Continue reading Election 2020 – Where Are We At?
During the Democratic National Convention two weeks ago, news slipped out that Joe Biden was developing a new tax plan that would rollback benefits for 401K plans. He even had his Economic Advisor speak to it at a panel event at the convention. Like many ‘progressive’ initiatives, this one involves reducing or eliminating 401K tax benefits from higher income households and transferring that benefit to … Continue reading Keeping Up With Election Proposals – Taxing 401Ks
MrFireStation 