[Note: Many people call this Amazon Prime Day, but other retailers are having deals as well. Just because Amazon sets the day doesn't mean they get to have all the attention. I'll be updating this article throughout the day. I find it is better to publish quickly, so you don't miss the deals before they sell out.] Last week, I was on vacation. I thought I'd be able to continue writing, but "Surprise!" the tiny bed-and-breakfast place … [Read More...]
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My Kids’ Roth IRAs
Two years ago, my kids got a Roth IRA to jump-start their retirement savings. It was a little aggressive for a 5 and 6-year old, but I wanted to start them early. By starting now, they've got the most valuable thing on their side - time. It can be difficult to get a kid a Roth IRA. On one hand, you have the IRS with the annoying rule that the kids have to have earned income to put into an IRA. On the other hand, you have pesky labor laws … [Read More...]
ProPublica’s Scandalous Reveal of the Wealthiest People’s Taxes
There's been some considerable buzz the last few days around ProPublica's Tax Revelation. Never before have has an organization obtained the taxes of the richest people in the United States... and then reported on the results in detail. I want to get to the content of the report itself, but the reporting is scandalous, because it involves a significant invasion of privacy. ProPublica explained why they ahead with the article, explaining that … [Read More...]