Go to Top

Newsletter

Featured Post

Lessons From The Nashville Flood Of 2010

Singer David Allan Coe famously said that the perfect country song had to contain “Mama, or trains, or trucks, or prison, or gettin’ drunk.” Songwriter Steve Goodman obligingly added a verse containing all five to “You Never Even Called Me By My Name.” The song’s popularity demonstrates that country fans have a sense of humor about the disasters that fill the lyrics of some of the genre’s most famous songs.

But the misery of the home of country music, Nashville, Tennessee, in 2010 was all too real.
Read More

Can Passive Investing Succeed Too Well?

In August 2016, the investment firm Sanford C. Bernstein & Co. released the provocatively titled report: “The Silent Road to Serfdom: Why Passive Investing Is Worse Than Marxism.” The report’s prediction was that, unless regulators and politicians took precautions, index fund growth could distort the financial markets and lead to massive mispricing of securities. Indexing is becoming more and more popular, the theory went, and if everyone chooses indexing, the system will break down because no one will pay attention to stock prices anymore.
Read More

How Does Getting Married Affect Student Loan Payments?

Many people imagine the discussions that lead up to a marriage as romantic tete-a-tetes with the occasional choice of invitation pattern thrown in. But those conversations also can, and should, include more mundane and even potentially painful topics. One common example: the state of your student loans.
Read More

,

Reporting Requirements For Foreign Assets

The term “offshore accounts” is often used as shorthand to suggest that such account holders are trying to dodge tax responsibilities. Especially after the Panama Papers, many observers are quick to assume the worst when someone holds assets outside of the United States. In reality, many, if not most, taxpayers who hold foreign assets do so in good faith for a variety of legitimate reasons. However, depending on the type of property in question and the taxpayer’s overall situation, keeping the Internal Revenue Service adequately informed can prove challenging.
Read More

,

Duly Noted

Court Says Relief For Wrongfully Incarcerated Prisoners Doesn’t Apply To Relatives. The son and former wife of a man who spent six years in prison for a murder he didn’t commit cannot benefit from tax relief that Congress granted wrongfully incarcerated individuals, a federal court in Ohio ruled.
Read More

Addressing Diminished Capacity: Recognizing and Protecting Against Financial Exploitation

Losing the capacity to manage your financial affairs is a frightening prospect, and watching a loved one lose capacity can be just as daunting. It seems incredible that anyone would take advantage of such circumstances, but unfortunately it is all too common.
Read More