Where is all my money going?

Posted in: Debt, Planning, Saving, Taxes- Aug 27, 2011 Comments Off

THIS WEEK’S QUESTION:  Last year’s tax return shows that I’m making more money than ever.  While that may be true, it doesn’t feel like it.  As my income increases, I don’t seem to be making more progress.  We’re trying to cut our spending at home, but I still wonder where all the money is going.  [...]

How do we get the national debt under control?

Posted in: Economy- Aug 13, 2011 Comments Off

THIS WEEK’S QUESTION: “My wife and I are worried about our country’s out-of-control debt and struggling economy. It’s scary to think about the America that we’re passing on to our kids and grandkids. Has anyone proposed a decent plan to get our country’s debt under control?” OUR ANSWER: Yes, but I don’t think very many [...]

Why did the Dow drop 512 points? S&P downgrades U.S. debt?

Posted in: Economy, Investments, Planning- Aug 06, 2011 Comments Off

THIS WEEK’S QUESTION: ” Why did the DOW drop 512 points this week? I thought we resolved the debt crisis. What’s going on?” OUR ANSWER: It’s hard to say unequivocally. Even the smartest analysts don’t agree on the same catalysts and tipping points. But this past week’s events were largely affected by Spain and Italy’s [...]