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The value of a mortgage investment vs renting

By Steve McGough / May 16, 2014 /

Recently, we’ve seen multiple news stories suggesting buying a home and having a mortgage is not necessarily a good investment, and when making the decision to buy a home, you really should not consider it as an investment vehicle since your “rate of return” would suck. Why has this become a news-cycle theme all of a…

Federal government looks to private IRAs and 401(k)s to fund deficit

By Steve McGough / February 21, 2010 /

This week, the U.S. Treasury will ask for comments on the conversion of private IRA and 401(k) funds into government annuities backed by Treasury bills. You’ve been doing a good job saving for retirement, and President Obama’s administration sees your investments as a solution to their problem.

Congress wants your 401(k) tax breaks back

By Steve McGough / October 23, 2008 /

This is unbelievable. Since Congress has totally screwed up Social Security and refuse to do a damn thing about it, now they are looking for more cash to fund their out-of-control spending. Since we know we can not depend on Social Security for our retirement, many smart investors are depending on 401(k) accounts, IRAs and…