Taxes Rant: Carried Interest Edition

Taxes Rant: Carried Interest Edition

By The Banker | Blog Posts, Taxes, Texas

Note: A version of this post appeared in the San Antonio Express News. Dear Money: I miss you so, so much. I recently mailed off – with deep feelings of loss – two of my biggest checks of the year: one for real estate taxes to the county where I live and the other to [&hellip

Stupid Smart People

Stupid Smart People

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Texas

Note: A version of this post appeared in the San Antonio Express News My wife and I headed East on I-10 recently to visit our New York City friends Jay and Nina – another married couple and their kids – who now live in Houston. The conversation over the weekend turned toward their personal finances [&hellip

529 Accounts and Tax Fairness

529 Accounts and Tax Fairness

By The Banker | Blog Posts, Inequality, Investing, Personal Finance, Taxes

President Obama recently announced a series of tax changes he will propose or at least politically push for in the coming year. Since the US Congress constitutionally controls the power of taxation, and Congress likes Obama as much as I like Pete Carroll’s Seahawks, I understand that Obama’s priorities may not come to pass any [&hellip

Groan-Worthy Market Commentary

Groan-Worthy Market Commentary

By The Banker | Blog Posts, How Not To Invest, Investing

Helium was up, feathers were down. Paper was stationary. Fluorescent tubing was dimmed in light trading. Knives were up sharply. Cattle futures steered into a bull market. Pencils lost a few points. Hiking equipment was trailing. Elevators rose, while escalators continued their slow decline. Weights were up in heavy trading. Light switches were off. Mining [&hellip

A Confusing Puzzle Made Simple - Retirement Plans

A Confusing Puzzle Made Simple – Retirement Plans

By The Banker | Blog Posts, How Not To Invest, Investing, Texas

A version of this post ran earlier in the San Antonio Express News I recently received in the mail retirement plan documents for a local employer’s 403B plan. I’m going to spend the first part of this column complaining about this 403B plan provider. Later, I am going to offer a better, simpler, version of [&hellip