![]() ![]() December 2005 Archives
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![]() Do not retire in Tokyo
» Posted by Martin Weil on December 28, 2005
Or Osaka, London, Moscow, Seoul, Geneva or just about any other city in the west. This according to the latest cost of living data from Mercer Consulting.
Increased limits for charitable deductions in 2005
» Posted by Martin Weil on December 12, 2005
KETRA (Katrina Emergency Tax Relief Act) passed by Congress provides for significant increases in the tax deductibility of charitable donations made between August 28 and December 31, 2005. This document explains the temporary rules which raise the limits on cash contributions from 50% to 100% of 2005 Adjusted Gross Income (AGI).
Eat your spinach. Or why it is so hard to save for retirement
» Posted by Martin Weil on December 05, 2005
But for most of us, it would probably be easy to save for retirement if we were willing to live like your parents did--or at least like my parents did. One television, no stereo, no VCR, no cable, one (used) car, six rooms for four people, no eating out, no cell phones, no vacations other than visiting relatives, stretching meat out with egg and bread and noodle rings, jello as a salad, turn the light off when you leave the room and get off the phone--it's long distance!Jane Galt as quoted by Tyler Cowen in his economics blog Marginal Revolution.
Year-end tax tips
» Posted by Martin Weil on December 01, 2005
Hard as it may be to believe, it is already December 1. Click on the link for our list of recommended year-end tax strategies.
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