Tax planning alert: Though it may seem as if the ink has barely dried on your 2010 federal income tax return, the end of 2011 is now visible on the horizon. Here are some things to consider as you take stock of your current tax situation.
Earlier, I criticized Alan Simpson for not knowing — and, more to the point, being actively hostile to — accurate demographic data about Social Security, but perhaps it’d be more useful to run through some of the numbers I find it helpful to keep in mind while writing about the issue: 1) Over the next [...]
The average American family’s household net worth declined 23% between 2007 and 2009. A rare survey of U.S. households, first performed in 2007 but repeated in 2009 in order to gauge the effects of the recession, reveals the median net worth of households fell from $125,000 in 2007 to $96,000 in 2009.