13 Mar
Many questions have come into LeadingRich.com about the eligibility of SSDI income for the 2008 economic stimulus tax payment.
According to the IRS, “Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.”
But SSDI - Social Security Disability Income is not mentioned specifically. The IRS says “Social Security retirement or […]
Posted in 2008 Stimulus Package, Economy, Personal Finance, Taxes by: Leading Rich
43 Comments
05 Mar
Forbes has release the latest listing of the Worlds Richest Men and the man on top is Warren Buffet. It was once hip to be in technology and be able to take over the world. Given the recent economic events, it now makes sense to own real assets such as Insurance Companies, Clothing Manufacturer, Jewelry […]
Posted in Berkshire Hathaway, Economy, Investments, Personal Finance by: Leading Rich
79 Comments
04 Mar
Prices for Gold, Oil, Wheat keep on going higher. Here is a great story from BloggingStocks.com on why you can’t miss Gold in your portfolio during this inflationary time.
I would add that you could also put Oil into the mix, but you cant put Oil under your mattress. But more people are likely to cut […]
Posted in Economy, Investments, Recession, Stagflation by: Leading Rich
31 Comments
04 Mar
This morning Federal Reserve Chief speaking to a group of Bankers in Orlando Florida.
As reported by Yahoo.com Business News
“This situation calls for a vigorous response,” Bernanke said in a speech to a banking group meeting in Orlando, Fla.
Even with some relief efforts under way by industry and government, foreclosures and late payments on home […]
Posted in Economy, Federal Reserve, Real Estate, SubprimeMortgages by: Leading Rich
26 Comments
29 Feb
The week started off with week earnings from Nordstrom, reporting that they are in for a tough 2008, followed by a report by the National Association of Realtors that existing home sales slipped in January 2008. Sales fell .4 percent to 4.89 million units in January 2008, 23.4 percent below January 2007 6.44 million-units. […]
Posted in Economy, Federal Reserve, Personal Finance, Real Estate, Recession, Stagflation by: Leading Rich
3 Comments