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The VA—one of this year’s political footballs

VAIt is an election year and as such veterans are a voting block that neither side can resist. Both candidates are promising to overhaul the Veterans Administration, once elected.  The questions are whether to hand it over to the private sector or just try and fix the government organization’s short-comings. read more…

The Hawks return


It was one of those weeks that would have been well spent on the beach. The weather was nice, the water warm, and the stock market went nowhere. Welcome to the dog days of summer. read more…

Fedspeak occupies a dull market

It is late summer and a time when the rumor mills work overtime. Financial news departments, confronted with a paucity of breaking news, are desperate to publish “informed opinions” and comments from any public or private sector big name they can find. This week a squad of Fed officials was happy to accommodate. read more…

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Tax breaks for college savings

As the cost of college continues to soar in America, more and more states are offering tax breaks to families who are trying to save as much as they can for their kid’s educational future. The state of Massachusetts is deciding whether or not they will join the list this week.

The most commonly used vehicle for that purpose is the ‘qualified tuition plan,’ more commonly known as a 529 Plan. These plans are sponsored by states, state agencies or educational institutions and were originally authorized by Section 529 of the Internal Revenue Service Code. They are tax-free on a federal level and all but eight of the 42 states that have an income tax allow families and individuals to claim a tax deduction on college savings. read more…

One for the Middle Class

middle classOn December 1, 2016, an estimated 4.2 million Americans could begin to see extra money in their paychecks. Some estimates project twice that number of workers will be affected by the roll out of new Department of Labor (DOL) rules governing overtime pay. read more…

Fourth of July started early for the markets

It wasn’t supposed to happen. After the British surprise vote to exit the European Union caught global investors leaning the wrong way last week, most traders expected a blood bath. Instead, after a two-day 5% sell-off, markets have regained almost 90% of that loss in the last few days. So how could the “smart money” get it so wrong twice in one week? read more…

Who is next?

The vote is in and all you have to do is look at world markets to discover the verdict. The citizens of the United Kingdom voted to exit the European Union. Chaos reigned for today but tomorrow may be a different story, at least for U.S. investors. read more…

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About Bill

Bill Schmick was born in a blue-collar neighborhood of Philadelphia, just a few blocks north of “Rocky Balboa” territory where most of his Catholic schoolmates grew up to be either cops or criminals. He narrowly escaped both professions by volunteering to fight in Vietnam as a U.S. Marine... Read More


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