Watch this site for the new series the Biggest Financial Lies....starts Monday
Barry L. Bulakites
Table Bay Financial
Saturday, September 26, 2009
Monday, September 14, 2009
Tommy is Back!!!!
Ok, it was not 15 but a W is a W.
Brady is back!!!!!!!!!!!!!!!!!!!!!!
Barry Bulakites
Brady is back!!!!!!!!!!!!!!!!!!!!!!
Barry Bulakites
Sunday, September 13, 2009
Stock Brokers
If stock brokers were such great experts, they would be buying stock, not selling advice....
Barry L. Bulakites
Barry L. Bulakites
The Secret of Success
The secret of success is constancy of purpose...
Benjamin Disraeli
Barry L. Bulakites
Benjamin Disraeli
Barry L. Bulakites
Thursday, September 10, 2009
How is he going to pay for that?
You simply have to love politicians. They can say this stuff with a straight face and know that they have no idea that it will work. Obama wants is to believe that the cost of his proposal which is a mere $900 Billion will not raise the deficit...HOW?
Well, I know how - it is by adding a surtax on people to pay for it. Listen up America - he did not say that taxes would not be raised, rather he said that he would not sign a bill that raised the deficit...interesting choice of words...
Barry Bulakites
Well, I know how - it is by adding a surtax on people to pay for it. Listen up America - he did not say that taxes would not be raised, rather he said that he would not sign a bill that raised the deficit...interesting choice of words...
Barry Bulakites
Wednesday, September 9, 2009
Update
Red Sox win - Obama not so much...
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
What a Closer!
What a close! OMG was that great...The Kennedy thing was excellent - wow what a close!
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
How we pay for it - His Promise!
- Will not sign if it adds a dime to the deficit
- Not one dollar of the medicare trust fund will be used to fund the program
- Kill lawyers - GEE I like that one!
Barry Bulakites America's IRA Experts America’s # 1 Provider of Retirement Distribution Strategies
Good speaker?
He is a great speaker?
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Holding them accountable?
Obama wants to hold insurance companies accountable? Good he should - right after he holds himslef accountable...
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Obama and the Red Sox
The Red Sox are beating up Baltimore and down the road The Prez is beating up the insurance industry. More soon...
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Tuesday, September 8, 2009
Obama and the Big Lie
Hold on to your pocket book America. The Prez is about to swipe it when he tells us Wednesday night about the need for National Health Care.
According to the Wall Street Journal the tax rate on the people with incomes over $250,000 annually will not close the current $9 TRILLION gap in the federal deficit. Oh - that is before we add health care into the budget. The Journal reports that the tax rate to close the gap will need to be 68.9%. Again, that is before health care gets added in.
So hang tight and watch and we'll have more tomorrow.
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
According to the Wall Street Journal the tax rate on the people with incomes over $250,000 annually will not close the current $9 TRILLION gap in the federal deficit. Oh - that is before we add health care into the budget. The Journal reports that the tax rate to close the gap will need to be 68.9%. Again, that is before health care gets added in.
So hang tight and watch and we'll have more tomorrow.
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Sunday, September 6, 2009
Obama's New Retirement Plan
The recession has eaten into people's nest eggs so the government is promoting ways to make it easier to save for retirement.
One initiative that President Barack Obama outlined in his weekly radio and Internet address Saturday will allow people to have their federal tax refunds sent as savings bonds. Others are meant to require workers to take action to stay out of an employer-run savings program rather than having to take action to join it.
We know that automatic enrollment has made a big difference in participation rates by making it simpler for workers to save," Obama said. "That's why we're going to expand it to more people."
The new federal steps, which do not require congressional action, include:
- Making it easier for small companies to set up 401(k) retirement savings plans in which all workers are automatically enrolled unless they ask to be omitted. Employers can set default amounts of each worker's pay — perhaps 3 percent — to automatically be deposited into the accounts without being taxed. Workers can raise or lower the contribution levels, and they choose how to invest the money. They will pay taxes on the money only when they withdraw it as retirees, when their tax rates are likely to be lower than when they are working full-time. A similar process would apply to savings plans called SIMPLE-IRAs.
- Allowing such plans to automatically increase the amount that workers save over time unless the workers object.
- Allowing people to check a box on their federal tax returns asking that any refund be sent as a savings bond. More than 100 million U.S. households receive refund checks each year, and many are promptly cashed and spent.
- Allowing workers, when leaving a job, to direct unused vacation pay to a retirement savings account rather than taking it in cash.
"This recession has not only led to the loss of jobs, but also the loss of savings," Obama said, citing declines in home values as well as sources of retirement income.
"If you work hard and meet your responsibilities, this country is going to honor our collective responsibility to you: to ensure that you can save and secure your retirement. That is why we are announcing several commonsense changes that will help families put away money for the future," Obama said.
The administration earlier asked Congress to make it easier to set up retirement accounts for people whose workplaces do not offer them. No legislation has moved thus far.
"Tens of millions of families have been, for a variety of reasons, unable to put away enough money for a secure retirement," Obama said. "Half of America's work force doesn't have access to a retirement plan at work. And fewer than 10 percent of those without workplace retirement plans have one of their own."
Nearly half of the U.S. work force has little or nothing beyond Social Security benefits to get by on in old age, Treasury Secretary Timothy Geithner said.
"Just as the administration is dedicated to reviving the economy and getting people back to work, so too it is dedicated to helping put retirement security within the reach of all Americans," Geithner said in a statement.
While saving for retirement is universally seen as a good idea, any increase in savings rates could somewhat slow the nation's rebound from the economic recession.
The new federal steps, which do not require congressional action, include:
- Making it easier for small companies to set up 401(k) retirement savings plans in which all workers are automatically enrolled unless they ask to be omitted. Employers can set default amounts of each worker's pay — perhaps 3 percent — to automatically be deposited into the accounts without being taxed. Workers can raise or lower the contribution levels, and they choose how to invest the money. They will pay taxes on the money only when they withdraw it as retirees, when their tax rates are likely to be lower than when they are working full-time. A similar process would apply to savings plans called SIMPLE-IRAs.
- Allowing such plans to automatically increase the amount that workers save over time unless the workers object.
- Allowing people to check a box on their federal tax returns asking that any refund be sent as a savings bond. More than 100 million U.S. households receive refund checks each year, and many are promptly cashed and spent.
- Allowing workers, when leaving a job, to direct unused vacation pay to a retirement savings account rather than taking it in cash.
"This recession has not only led to the loss of jobs, but also the loss of savings," Obama said, citing declines in home values as well as sources of retirement income.
"If you work hard and meet your responsibilities, this country is going to honor our collective responsibility to you: to ensure that you can save and secure your retirement. That is why we are announcing several commonsense changes that will help families put away money for the future," Obama said.
The administration earlier asked Congress to make it easier to set up retirement accounts for people whose workplaces do not offer them. No legislation has moved thus far.
"Tens of millions of families have been, for a variety of reasons, unable to put away enough money for a secure retirement," Obama said. "Half of America's work force doesn't have access to a retirement plan at work. And fewer than 10 percent of those without workplace retirement plans have one of their own."
Nearly half of the U.S. work force has little or nothing beyond Social Security benefits to get by on in old age, Treasury Secretary Timothy Geithner said.
"Just as the administration is dedicated to reviving the economy and getting people back to work, so too it is dedicated to helping put retirement security within the reach of all Americans," Geithner said in a statement.
While saving for retirement is universally seen as a good idea, any increase in savings rates could somewhat slow the nation's rebound from the economic recession.
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Saturday, September 5, 2009
More Bank Failures
Regulators closed five more banks Friday night, bringing the total number of failures this year to 89, as losses on bad mortgages and construction loans continue to plague the financial industry.
Located in Illinois, Iowa, Kansas and Arizona, the banks will cost the Federal Deposit Insurance Corp., the federal agency in charge of taking them over when they fail, a total of $401 million to close. Some observers say the price tag for these failures is becoming an issue; the agency has only a little over $10 billion in its account and will have to go to the Treasury if that sum rapidly dwindles.
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Located in Illinois, Iowa, Kansas and Arizona, the banks will cost the Federal Deposit Insurance Corp., the federal agency in charge of taking them over when they fail, a total of $401 million to close. Some observers say the price tag for these failures is becoming an issue; the agency has only a little over $10 billion in its account and will have to go to the Treasury if that sum rapidly dwindles.
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
America's Favorite Ball Park
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Wednesday, September 2, 2009
To Roth of Not To Roth
In 2010 there is an incredible opportunity for all Americans to turn tax infested IRAs into tax free Roth IRAs. But is it right for everyone?
That question is key to millions of Americans that will be lead into converting their IRAs by advisors that do not understand the full implications of a conversion.
People must use advisors that are skilled in understanding all aspects of a Roth conversion and have the required software to do an accuare analysis of the opportuinty so that the client can make an informed decision.
What to learn more - call me at 1-866-225-1786.
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
That question is key to millions of Americans that will be lead into converting their IRAs by advisors that do not understand the full implications of a conversion.
People must use advisors that are skilled in understanding all aspects of a Roth conversion and have the required software to do an accuare analysis of the opportuinty so that the client can make an informed decision.
What to learn more - call me at 1-866-225-1786.
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Tuesday, September 1, 2009
Great Opening Line #1
" Are you aware that 2010 is the last year taxes are on sale?"
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
Barry Bulakites
America's IRA Experts
America’s # 1 Provider of Retirement Distribution Strategies
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