Comments on: The Weekly Roundup http://www.joetaxpayer.com/the-weekly-roundup/ Financial Commentary For The Average Joe Mon, 06 Feb 2012 21:56:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: JOE http://www.joetaxpayer.com/the-weekly-roundup/comment-page-1/#comment-12766 JOE Wed, 09 Dec 2009 01:14:33 +0000 http://www.joetaxpayer.com/?p=2313#comment-12766 Thanks for your note. The community is one of the things I love about blogging. Always good to find a blogger new to you. Dragos is excellent. Thanks for your note. The community is one of the things I love about blogging. Always good to find a blogger new to you. Dragos is excellent.

]]> By: Mizé http://www.joetaxpayer.com/the-weekly-roundup/comment-page-1/#comment-12763 Mizé Wed, 09 Dec 2009 00:39:30 +0000 http://www.joetaxpayer.com/?p=2313#comment-12763 Thanks for sharing your weekly roundups, through them I found very interesting blogs I didn't know before. For example, yesterday I spent the whole night reading Dragos´ self development blog, an excellent reading. Regards, Mizé. Thanks for sharing your weekly roundups, through them I found very interesting blogs I didn’t know before. For example, yesterday I spent the whole night reading Dragos´ self development blog, an excellent reading.
Regards, Mizé.

]]> By: JOE http://www.joetaxpayer.com/the-weekly-roundup/comment-page-1/#comment-12654 JOE Mon, 07 Dec 2009 00:24:15 +0000 http://www.joetaxpayer.com/?p=2313#comment-12654 Technically, FSA money is supposed to used for one's (or immediate family) own needs. I'd only caution against buying an unusually large ammount of one product, a case of aspirin is certainly a potential to flip a red flag. If you go this route, a small number of many different items shouldn't get any attention. Technically, FSA money is supposed to used for one’s (or immediate family) own needs. I’d only caution against buying an unusually large ammount of one product, a case of aspirin is certainly a potential to flip a red flag. If you go this route, a small number of many different items shouldn’t get any attention.

]]> By: Augustine http://www.joetaxpayer.com/the-weekly-roundup/comment-page-1/#comment-12640 Augustine Sun, 06 Dec 2009 18:19:24 +0000 http://www.joetaxpayer.com/?p=2313#comment-12640 WRT to FSA with balances, many charities will accept over the counter medication as donation. So you might put those before-tax dollars to use for a good cause and still get a deduction, a double-whammy! WRT to FSA with balances, many charities will accept over the counter medication as donation. So you might put those before-tax dollars to use for a good cause and still get a deduction, a double-whammy!

]]> By: Augustine http://www.joetaxpayer.com/the-weekly-roundup/comment-page-1/#comment-12639 Augustine Sun, 06 Dec 2009 18:17:23 +0000 http://www.joetaxpayer.com/?p=2313#comment-12639 Although gold may reach $2000 or even $800, unlike a commenter thought, it's hard to tell when and it's ultimately a bet. While gold is not quite a commodity (since the stock of gold is not used up and remains fairly flat) and is even used as money by central banks and international bank settlements, it's still traded as any merchandise, when prices may go up or down purely based on the perception of its value, perhaps more so than a regular commodity, whose use determines its value. In conclusion, nothing is for sure, neither $2000 nor $800, or rather, one should consider both $2000 and $800 as possibilities and act accordingly. After all, merely months from a bubble having popped, when houses couldn't but go up, we should have learned the lesson that, yes, gold prices may go down. For instance, just like the subprime crisis threw gold prices down in a deflationary crash, a similar widespread default could occur next year again when many ARM loans reset, maybe triggering another deflationary event. Although gold may reach $2000 or even $800, unlike a commenter thought, it’s hard to tell when and it’s ultimately a bet. While gold is not quite a commodity (since the stock of gold is not used up and remains fairly flat) and is even used as money by central banks and international bank settlements, it’s still traded as any merchandise, when prices may go up or down purely based on the perception of its value, perhaps more so than a regular commodity, whose use determines its value. In conclusion, nothing is for sure, neither $2000 nor $800, or rather, one should consider both $2000 and $800 as possibilities and act accordingly. After all, merely months from a bubble having popped, when houses couldn’t but go up, we should have learned the lesson that, yes, gold prices may go down. For instance, just like the subprime crisis threw gold prices down in a deflationary crash, a similar widespread default could occur next year again when many ARM loans reset, maybe triggering another deflationary event.

]]> By: Kay http://www.joetaxpayer.com/the-weekly-roundup/comment-page-1/#comment-12637 Kay Sun, 06 Dec 2009 17:12:08 +0000 http://www.joetaxpayer.com/?p=2313#comment-12637 Joe, I'm blushing! Thanks. Kay Joe, I’m blushing! Thanks. Kay

]]> By: Financial Samurai http://www.joetaxpayer.com/the-weekly-roundup/comment-page-1/#comment-12635 Financial Samurai Sun, 06 Dec 2009 16:51:20 +0000 http://www.joetaxpayer.com/?p=2313#comment-12635 All about the extension to make it permanent and passing it through the Senate. Fingers crossed! All about the extension to make it permanent and passing it through the Senate. Fingers crossed!

]]> By: JOE http://www.joetaxpayer.com/the-weekly-roundup/comment-page-1/#comment-12633 JOE Sun, 06 Dec 2009 16:18:51 +0000 http://www.joetaxpayer.com/?p=2313#comment-12633 The law passed extended the rules in place for 2009. $3.5M/person (or $7.0M/couple if you want to look at it that way). The law passed extended the rules in place for 2009. $3.5M/person (or $7.0M/couple if you want to look at it that way).

]]> By: JOE http://www.joetaxpayer.com/the-weekly-roundup/comment-page-1/#comment-12632 JOE Sun, 06 Dec 2009 16:16:33 +0000 http://www.joetaxpayer.com/?p=2313#comment-12632 I said it half joking. Recalling the debate when we celebrated 2000 but there was a 2001 group insisting that was the new millennium. I said it half joking. Recalling the debate when we celebrated 2000 but there was a 2001 group insisting that was the new millennium.

]]> By: Financial Samurai http://www.joetaxpayer.com/the-weekly-roundup/comment-page-1/#comment-12630 Financial Samurai Sun, 06 Dec 2009 15:44:51 +0000 http://www.joetaxpayer.com/?p=2313#comment-12630 I am SO excited the first $7 million for couples will be exempt from taxes. This seriously is some of the BEST NEWS EVER to come out of this administration! $3.5 million was pretty fair to begin with, but to raise it to $7 million? Mama mia awesome! $7mil is definitely achievable with a lot of hard work and discipline, and a great goal for all of us to achieve. Go USA! Sam-urai I am SO excited the first $7 million for couples will be exempt from taxes. This seriously is some of the BEST NEWS EVER to come out of this administration!

$3.5 million was pretty fair to begin with, but to raise it to $7 million? Mama mia awesome! $7mil is definitely achievable with a lot of hard work and discipline, and a great goal for all of us to achieve.

Go USA!

Sam-urai

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