Question: I have a few years to go until retirement, but I worry about the impact of higher taxes on my retirement income. Any way to know what to do about that?
Answer: No one knows for sure what the future of tax rates is going to be, for retirees or anyone else. But it is a mathematical fact that the unfunded promises we have made to retirees and others are unsustainable, given our present tax revenues. We don’t have enough money to pay for all the promises we’ve made.
Local education administrators, faculty and staff members and parents of school-aged children will all be keeping a keen eye on Baton Rouge for the next two months as the 2015 Louisiana legislative session begins today.
As you know by now, the United Kingdom has voted to leave the European Union. The “Brexit” vote is expected to have major implications for Britain’s trade and economic relationships — but how might it affect you, as an individual investor?