Every year, I ask my clients a question: “What was your largest expense this year?” The response is somewhere between ‘auto expense’ and ‘mortgage expense,’ but I do occasionally hear ‘food and entertainment expenses’ top the list. However, it is rare when someone states that ‘taxes’ are their number one expense. So, ‘if’ taxes […]
Like Your Tax Bill? Read More »
[dropcap]A[/dropcap]re we about to see a correction of 20% or more in the market, or is the remainder of the year going to be a continuation of our current bull market? As I’ve told my clients that the crystal ball on my desk doesn’t work, hasn’t worked, and probably never will work, that (literal and
Preparing for What the Future Beholds Read More »
[dropcap1]D[/dropcap1]id you know that the “average” working American worked from January 1st of this year through April 17th to satisfy the total tax bill of their State, local, and Federal government? By this, I mean that every single dollar earned (by the average working American) during this period went towards taxes…and not a cent went
How powerful is the opportunity of deferring taxes from your current income? Are you taking advantage of tax-deferral? If you qualify to use an the tax benefits of an Individual Retirement Account (IRA) but aren’t doing so, why don’t you? I’ve illustrated the possibilities of employing the uses of a plain old Traditional IRA (Individual
Missed Opportunity Read More »
