Dennis Kucinich is floating a proposal around the Senate which would create a six-month period in which anyone age 60 can retire voluntarily. This is a $15 billion bill funded by the bailout and stimulus. Kucinich estimates that by offering retirement two years early, a million workers will leave their jobs, creating opportunities for those actively looking for work.Although the plan sounds good in theory, I’m not convinced it would work in practice.

By Investor Junkie I’m going to out on a limb and make the bold statement: the United States government wants you in debt, rather than you saving money. Politics aside, I am going to discuss why I believe this statement to be true. If you accept my premise, I will then discuss ways you can use it to your advantage.

This week, the House of Representatives passed H.R.4154, titled the “Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009.” HR 4154 would amend the Internal Revenue Code to prevent the repeal of the estate tax next year. Under current law, there would be no estate tax for 2010 and your estate would transfer tax free to your heirs.

If you want to hit me, punch here. I’m numb and can’t feel it anyway.
As we talked about yesterday, the $8,000 first time home buyer tax credit is extended, and that even existing owners who buy will be able to get $6,500. The new requirements – signed purchase agreement by April 30, 2010 and house closed by June 30.
How do you feel about that?