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A guide to drawing down your savings in retirement

A guide to drawing down your savings in retirement

As reported in the LA Times, “A guide to drawing down your savings in retirement.” The approach of retirement should be an exciting time for 50- and 60-somethings. But when the issue is your finances — and whether you’ve saved enough to last the rest of your life — excitement can quickly be overridden by […]

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How to divvy up assets as you head for retirement

How to divvy up assets as you head for retirement

As reported in the LA Times, “How to divvy up assets as you head for retirement.” Choosing how to invest retirement savings often ends up being a dartboard exercise for younger people, because it all seems so theoretical. As the date of retirement or semi-retirement gets nearer, however, you begin to realize that your financial […]

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Long-term care insurance: Less bang, more bucks

Long-term care insurance: Less bang, more bucks

As reported in the OC Register, “Long-term care insurance: Less bang, more bucks.” Mary Julia Klimenko thought she was prudent 20 years ago when she invested in a long-term care insurance policy, one she believed would help pay for the care she’d need as she aged. Now she wishes she’d banked the money instead. Her […]

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Tax relief provided to certain students whose education loans were discharged

Tax relief provided to certain students whose education loans were discharged

Rev Proc 2015-57, 2015-51 Note:  We recently blogged on this topic. In a Revenue Procedure, IRS has provided that taxpayers who took out Federal student loans to finance attendance at certain schools, and whose loans were discharged under the Department of Education’s Defense to Repayment or Closed School discharge processes, will not have to recognize […]

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Just How Risky Is Your Portfolio? – Here Are Five Ways to Size Up Your Holdings

Just How Risky Is Your Portfolio? – Here Are Five Ways to Size Up Your Holdings

Just How Risky Is Your Portfolio? – Here Are Five Ways to Size Up Your Holdings, as reported in the WS Journal. U.S. stocks are expensive by historical standards and the market has been choppy since mid-September. Nervous? To figure out how much risk you’re exposed to, try looking at your portfolio from five different […]

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Where to Exit the Market Herd

Where to Exit the Market Herd

Editor’s Note: This article appeared in early January, 2015.  The timing and statements still appear true as of today  – – the date of publication. Where to Exit the Market Herd – Simon Constable Suggests Three Contrarian Investment Plays, as reported in the WS Journal. Going with the crowd might have helped in high school, […]

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Investing for the Long Term – How to Play Trends That Will Move Markets for Years to Come

Investing for the Long Term – How to Play Trends That Will Move Markets for Years to Come

Investing for the Long Term – How to Play Trends That Will Move Markets for Years to Come, as reported in the WS Journal. Investors often try to profit by betting on short- and medium-term shifts in stocks and bonds. But the real money comes from anticipating long-term trends, the kinds of changes that take […]

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10 things investors won’t tell you

10 things investors won’t tell you

10 things investors won’t tell you, as reported in the WS Journal. 1. We have no idea what we’re doing… Over the last four decades, the 401(k) plan has replaced the pension as the main form of retirement plan. About 31% of workers had so-called defined contribution retirement plans in 2008, up from just 8% […]

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Washington Alert – CMS concerned of loss of ACA’s premium tax credit; IRS Collection being proactive on payroll taxes; JCT Report onMacroeconomic Effects of the ‘Tax Relief Extension Act of 2015

Washington Alert – CMS concerned of loss of ACA’s premium tax credit; IRS Collection being proactive on payroll taxes; JCT Report onMacroeconomic Effects of the ‘Tax Relief Extension Act of 2015

Federal officials, including those at the Centers for Medicare and Medicaid Services (CMS), are continuing to voice concerns regarding the possibility that up to an estimated 1.8 million households could lose their eligibility to receive the Affordable Care Act’s premium tax credit in 2016. Based on Treasury Department data, these households have been receiving the […]

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The 10 smartest cities in America

The 10 smartest cities in America

The 10 smartest cities in America, as reported in the WS Journal. The pursuit of higher education is more common in America today than in previous generations. According to the National Center for Education Statistics, roughly 41% of Americans aged 18 to 24 were enrolled in a two- or four-year degree-granting institution, far more than […]

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Will Funds Outperform in 2015? – A Few Investment Lessons From Last Year’s Market

Will Funds Outperform in 2015? – A Few Investment Lessons From Last Year’s Market

Will Funds Outperform in 2015? – A Few Investment Lessons From Last Year’s Market, as reported in the WS Journal. As 2015 gets under way, most on Wall Street expect the nearly six-year-old bull market for stocks to keep running. And the long-awaited bear market for bonds seems to be on hold. For mutual-fund investors, […]

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Bits ’n Pieces – Mortgages, Consumer Debt Relief, Deflation, Budget Gap, U.S. Manufacturing

Bits ’n Pieces – Mortgages, Consumer Debt Relief, Deflation, Budget Gap, U.S. Manufacturing

As  reported in the WS Journal: A Surge in Mortgages The moribund mortgage market sprang back to life this month after a drop in interest rates to levels not seen in almost two years sent borrowers rushing to lock in cheaper loans. Mortgage applications rose a seasonally adjusted 49% in the week ended Jan. 9 from […]

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How to Keep Your Portfolio on Track – Thirty-One Rules to Guide Your Investments This Year

How to Keep Your Portfolio on Track – Thirty-One Rules to Guide Your Investments This Year

How to Keep Your Portfolio on Track – Thirty-One Rules to Guide Your Investments This Year, as reported in the WS Journal. Looking to improve your money management in 2015? Here are 31 rules for the financial road ahead. They’re excerpted from the “ Jonathan Clements Money Guide 2015,” which covers financial topics from retirement […]

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Bits ’n Pieces – Oil’s Gift to Home Buyers, Negative Equity Ebbs, Consumer Prices Fall, Gasoline Spending Slides, New College Ratings Plan, Housing

Bits ’n Pieces – Oil’s Gift to Home Buyers, Negative Equity Ebbs, Consumer Prices Fall, Gasoline Spending Slides, New College Ratings Plan, Housing

Oil’s Gift to Home Buyers Low oil prices may offer a hidden gift to consumers beyond the gas pump: They could also indirectly support lower mortgage rates. The average 30-year fixed-rate mortgage fell to 4.06% in the week ended Dec. 12, the lowest level in 18 months, according to the Mortgage Bankers Association. The plunge in […]

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Job Growth Slows, Banks’ Fee Earnings Fall, Food-Stamp Use Is Down, Hiring Takes Longer,Income Gap Widens

Job Growth Slows, Banks’ Fee Earnings Fall, Food-Stamp Use Is Down, Hiring Takes Longer,Income Gap Widens

Job Growth Slows, Banks’ Fee Earnings Fall, Food-Stamp Use Is Down, Hiring Takes Longer, Income Gap Widens, as reported in the WS Journal. Job Growth Slows U.S. job growth slowed to its lowest level of the year in August, after a string of steady gains over the prior six months. Nonfarm employment advanced a seasonally […]

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Most States Are Good Credit Risks – Ratings Are Strong Despite Pension and Health-Care Obligations

Most States Are Good Credit Risks – Ratings Are Strong Despite Pension and Health-Care Obligations

Most States Are Good Credit Risks – Ratings Are Strong Despite Pension and Health-Care Obligations, as reported in the WS Journal. U.S. states represent one of the most secure areas of the global bond market. Even when hefty pension obligations and unfunded employee health-care liabilities are taken into account, state credit quality generally is strong. […]

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Student-Loan Debtors Have Benefits Garnished

Student-Loan Debtors Have Benefits Garnished

Student-Loan Debtors Have Benefits Garnished, as reported in the WS Journal. The U.S. government is increasingly garnishing the Social Security checks of older and disabled Americans who have fallen behind on their student-loan payments. Some 155,000 Americans had their Social Security benefits reduced in the federal fiscal year 2013 after defaulting on federal student loans, […]

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Consumer Confidence Rose in August – Survey Data Suggest a Strong Jobs Report for the Month

Consumer Confidence Rose in August – Survey Data Suggest a Strong Jobs Report for the Month

Consumer Confidence Rose in August – Survey Data Suggest a Strong Jobs Report for the Month, as reported in the WS Journal. U.S. consumers viewed the economy with increased optimism in August, hinting at a strong jobs report for the month. The Conference Board, a private research group, said its index of consumer confidence rose […]

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Shopping for a loan? Consider Whole Foods

Shopping for a loan? Consider Whole Foods

Shopping for a loan? Consider Whole Foods, as reported in the news of the OC Register. Bees are Bill Walter’s business. Walter removes and relocates swarms from homes and later tends the bees for their wildflower honey, which he sells through his company, Guerilla Beekeepers, along with beeswax-based products such as lip balm and body […]

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Drug salesman can’t deduct MBA’s cost; he wasn’t in a trade or business before enrolling

Drug salesman can’t deduct MBA’s cost; he wasn’t in a trade or business before enrolling

The Tax Court has held, in Hart v. Commissioner, T.C. Memo. 2013-289, that a taxpayer engaged in pharmaceutical sales could not deduct the cost of his MBA education as an unreimbursed employee business expense. On the facts, he wasn’t established in a trade or business before enrolling in the MBA program, and therefore his expenses […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney