When you withdraw the money, the deductible contributions you made to a traditional IRA and the income that's been earned inside the IRA will be taxed, as ordinary income. But there is an alternative that you can elect. New rules (effective sta...
“As for the law–it catered for a human nature of which it took a naturally low view.” — The Forsyte Saga Much has been said and written concerning whether America is or is not a Christian nation. Whether it is or whether it isn’t depends greatly upon how the term “Christian nation” is defined. Perhaps [...]
It began in 105°F heat in Las Vegas, Nevada, and ended in what felt like 107°F “it’s a dry” heat. People from all over the country descended on Vegas; there was a Domino’s Pizza convention, a Deaf Poker Tournament, and a bunch of NutRoots gathering at the Rio Hotel. At The Venetian Hotel, somewhere around [...]
And investment freedom has not-so-obvious implications for safety. Open Opportunity IRAs make up less than 1% of the IRA universe. So if and when a team of Congressional staffers or a group of Treasury Department bureaucrats get busy drafting up new ru...
Another day, another dry and witty Economist magazine article advising another large country on what its central bankers need to do. There is never any doubt within The Economist brain-trust that central banking is a necessary phenomenon, or that it me...
There are other metrics beside the gold basis that the market has developed in the meantime. One such is GOFO = $ LIBOR – GLR (the gold lease rate). On the face of it, GOFO cannot ever go negative. If it did, it would mean that the risk i...
Bet you didn't know that Britain was suffering from high inflation. We didn't anyway and we try to keep on top of these things. We knew that Britain was suffering from a high jobless rate. And we knew that Britain's debts were out of contro...
Editors Note: Many Americans were appalled on May 20, 2010 when Mexican President Felipe Calderon speaking before a joint session of Congress proceeded to lecture the United States critizing our immigration policy and specifically attacking Arizona’s...
The president of the AAUP - American Association of University Professors - issued a lengthy declaration warning the membership against getting involved with BP, the giant oil company whose operations have gone awry in the Gulf of Mexico and whose mana...
The Telegraph has been very good at diagnosing deflationary trends in the larger economy, and we have agreed with this analysis because it seems obvious. What is noteworthy, however, is that prices keep going down, as the Telegraph analyzes above, even...