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Author: BruceCM Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74776  
Subject: Re: Dilbert's 1-page personal finance guide Date: 9/22/2013 9:50 PM
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The projected deficit of two percent of GDP would be lower than any year under Reagan and the lowest since 2002. If we returned to Clinton-era levels of taxation, the budget would be balanced or close to balanced next year.

The reduction to this year's projected deficit spending is due primarily to the sequester. Cutting spending does work, however sloppy it might be.

Clinton loves to take credit for the balanced budget in the mid 90s, but it really had little to do with him....it had much to do with peace dividends from the collapse of the Soviet Union. Thank Reagan.

As to the OP's top-10 suggestions from Dilbert....not a bad list. But a couple of tweeks...

1. A will is good for assigning guardianship for minor dependents and for easy distribution of fee-simple personal property....and this is fine. But for most, it is designating a beneficiary of one's retirement plan, IRA, 529 plan, life insurance and jointly titled property that is the most important.

4. Funding one's 401(k) past the match can get expensive.

9. Hiring a 'fee-based' adviser will get you a stock broker or some other commissioned salesman. Mr. Adams should learn the difference between 'Fee-Based' and 'Fee-Only'.

Otherwise, a great list!

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