Corporate profits

Corporate profits devour the economy

Here are two things that are true about today’s economy. (1) The Dow Jones Industrial Average is poised to set a new record high as corporate profits hit all-time highs. (2) There are even fewer American workers today than before the start of the Great Recession. The fact that both of these things could be […]

Foreign investments

A tax dilemma: foreign investments and your retirement account

Question: Someone told me that every year I pay taxes on dividends from foreign equity funds held in my IRA. If I’m not supposed to pay tax on dividend payments in my IRA, how can that be? Reply: To understand why you can pay taxes on foreign dividends held in your IRA (and your 401 […]