To Buy Gold or Stocks, That Is the Question... I Choose Stocks.If you want to ensure the most money when selling your gold make sure to ask the following questions: "Are you a licensed dealer for gold"? "Have your scales been tested and approved"? "What are you paying for gold"?
To make sure buyers/sellers are licensed, visit your state's website under consumer credit and look to see for yourself!
The Financial Diva seen on NewsChannel 4 this morning.
Click the link below to watch Meg Alexander's segment and Victoria on "Saving a Buck: New Baby Blunders."
2010 Tax Conundrum
Are you confused about all the chatter regarding 2010 Tax Planning? Do you know how to plan for the likelihood of the tax laws changing?
If you're not, you should be.
For example; if you really love your children, schedule your death on December 31st. That's right, this would be the most emotionally considerate and most efficient for Tax planning purposes for your children. Thanks to the Economic Growth and Tax Relief and Reconciliation Act of 2001, for this one year only you would pay zero estate tax! Which will expire January 1, 2011.
All the chatter about will or won't Congress extend/modify the 2001 Act for Long term, Short term capital gains, AMT tax, etc. is exhausting. In my conversations with numerous CPA's, Economists, Strategists, etc., no two Financial Gurus can agree.
So what is a person to do?
Best course of action is, as always, have a Plan. If you haven't heard from your CPA, be proactive, contact them for their recommendation for Plan A (Congress extends the Tax cuts) and Plan B (if Congress doesn't). This way you will not be blindsided come April 2011.
For me; I will be attending an exciting Tax Forum to learn anything new I may pass along and continue to keep my eye on Congress to see which way the winds will blow.
Happy Tax Planning!!
