By The Banker | Blog Posts, Investing, Personal Finance, Taxes
Less than two weeks left to fund your 2012 IRA, so I’m continuing my series on these maddeningly humble, but potentially interesting, retirement accounts. But, to get caught up, please see earlier posts on The Humble IRA, IRAs don’t matter to high income people and A rebuttal: The curious case of Mitt Romney The
By The Banker | Blog Posts, Investing
Contradicting what I wrote in my previous post about IRAs being irrelevant to upper-middle class and wealthy people, we have the curious case of Mitt Romney, who reported in his 2010 tax returns an IRA worth between $20 million and $100 million. At that level of assets, I must acknowledge he’s the exception to my
By The Banker | Blog Posts, Personal Finance, Taxes
Please see my earlier post on The Humble IRA. Does the humble and homely Individual Retirement Arrangement (IRA) matter to well-paid people? I remember being shocked in the late 1990s when my mentor Jim on the bond trading floor at Goldman declared “I don’t bother with IRAs because nobody’s getting rich investing through an
By The Banker | Blog Posts, Investing, Personal Finance
Hey everybody exposed to some form of media of the Financial Infotainment Industrial Complex: there’s just a short time left until the April 15 deadline to contribute to your tax advantaged IRA for the previous tax year. Which would be impossible not to know, at this point. Oh, the humble, the homely IRA – is