All Tax Q&A

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  • PaulBBrown

    Q&A From Our Experts

    Today's Expert:
    Q:

    How do I find the next hot stock, the one that will go public and earn a lot of money quickly?

    A:

    It is really very simple. You build a time machine, one that will allow you read tomorrow’s newspaper today. You head off one day into the future and pick up a newspaper and turn to the investment section and see which stock had a big gain. Then, you get back in your time machine, and return to read more...

  • PaulBBrown

    Q&A From Our Experts

    Today's Expert:
    Q:

    I keep hearing that I only need 70% to 80% of my current income once I retire. Is that really enough to live on?

    A:

    I would be happy if I never heard those numbers quoted again. Ever since you started working, I’m sure you have heard the argument about why you will need less money in retirement:
    • Since you won’t be working, you won’t be buying as many clothes or lunches.
    • You won’t be driving to read more...

  • PaulBBrown

    Q&A From Our Experts

    Today's Expert:
    Q:

    Does it make sense to have your retirement income in more than one account?

    A:

    You’ve diversified your stock portfolio because you know that you shouldn’t keep all your financial eggs one basket; the same can be done for your retirement plans. You can invest in a 401(k), a traditional IRA and a Roth IRA. And if you have self-employment income, you could add a SEP or a read more...

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