Archive for January, 2010

• The Beginning of What Could Be An Open Pandora’s Box – The Subject of “Non-Traditional Assets” in Individual Retirement Accounts (IRAs)
  IRON100, January 29th, 2010 at 1:41 am, Comments: 0

  My goal in discussing this is not just to spark interest in the 45-plus crowd that can actually do some of these investments, but to spur the imagination and planning of 20-and-30-somethings out there who need to know that there are non-security assets that one can hold in an IRA that can shed hundreds of thousands of thousands of dollars tax-deferred or tax free, if one chooses to do so.

• Save Serious Money on Food
  barrieabalard, January 28th, 2010 at 12:01 am, Comments: 0

  This post is prompted partially by the statistic that one in eight Americans now use food stamps. As startling as that statistic is, many who have little income don’t qualify because they own too many assets. Many of these people, often suburbanites who are living on unemployment or who are underemployed, don’t know where or [...]

• Is Candor the Best Approach?
  tamelarich, January 27th, 2010 at 1:33 am, Comments: 0

  A woman I know owns a food preparation business in NC. The kind of place that does all the shopping, cutting and cooking so that customers simply come to her kitchen to assemble meals, which they then reheat at home. In November she sent an email to her list laying her cards on the table: [...]

• Trader Taxation – Part 3 – Trading One’s Individual Retirement Account
  IRON100, January 22nd, 2010 at 1:00 am, Comments: 0

  These accounts offer incredible tax-deferred or tax-free benefits to traders as long as 1)They keep their costs low (that is use direct access brokerage accounts), 2) They have a profitable trading system that can be applied to the accounts, and
  3)They are simple one employee (one-individual) trading accounts.

• Don’t Be an Ostrich***
  barrieabalard, January 21st, 2010 at 12:01 am, Comments: 0

  In the past couple of weeks the media had a small hoo-hah over whether or not people who are underwater in their mortgages can walk away with a clear conscience. Both the New York Times and Howard Lindzon of StockTwits, among others, have penned articles about the question. The Times noted that businesses often do [...]

• Let’s Play Spin The IRS Tax Credit and Deduction Bottle One More Time and Find Some Quite Obscure (and QUITE HELPFUL) Ideas
  IRON100, January 15th, 2010 at 3:27 am, Comments: 0

  I decided to play a little random search on the Internal Revenue Service website and found some rather significant deductions and credits that not even the individual who wrote that article I referenced a few days ago might have dreamed of writing about.

• Brave New Specs Update
  barrieabalard, January 14th, 2010 at 12:01 am, Comments: 0

  Here’s a link to my original blog post concerning the pluses and minuses of buying eyeglasses over the internet. To finish my story—I decided against ordering any sort of prescription eyeglasses over the internet because no one solution or provider seemed to fit my budget and my preferences. However, I did order a pair of [...]

• Wind it Down?
  tamelarich, January 13th, 2010 at 12:02 am, Comments: 0

  One of the reasons I didn't shut down my unprofitable business sooner was that I had no idea how to do it. Don't laugh. No one goes to business school to learn how to wind a business down and every red-blooded entrepreneur wants to focus on growth, not failure. Here's what Rick Mitchell, bankruptcy attorney [...]

• From The Article Bin…Real World Tax Deductions You Might Not Have Considered
  IRON100, January 12th, 2010 at 2:09 pm, Comments: 0

  One thing individuals need to do is to look for legal and completely defensible tax deductions to reduce one's tax burden.

• Trader Taxation – Part 2 – So Now You Have a Profitable Trading Plan and Can Execute on that Plan. How much Trading Capital Do I Need?
  IRON100, January 8th, 2010 at 1:33 am, Comments: 0

  So today's question is the obvious one, that is, "What is the minimum amount of trading equity that I need to fund my trading business?"