Doctor, it hurts when I do this!

Doctor, it hurts when I do this. Do what? Pay Taxes! There is lots of talk today about the government’s new tax plan proposal. Current speculation ranges from tax breaks across the board to taxes that hurt the middle class to tax breaks just for the rich. I am here to tell you that whatever Read more about Doctor, it hurts when I do this![…]

Deductive Reasoning Destroys Tax Deductions!

Most of the Financial Entertainers that you hear on the radio today have a common message. (I reference “financial entertainer because virtually all of them are not licensed as an advisor.) These financial entertainers fall into the trap of using deductive reasoning to come to their conclusions. Deductive reasoning is based on one or more Read more about Deductive Reasoning Destroys Tax Deductions![…]

Taxed Once, Taxed Twice… Social Security Ain’t So Nice!

By now you are used to all of the various deductions on your paycheck. Guaranteed you will have withholdings for Federal Income Tax, Social Security (FICA), Medicare (FICA), health insurance, possibly life and disability insurance and your 401k contributions. The Social Security deduction under the FICA umbrella is a tax that you pay every week Read more about Taxed Once, Taxed Twice… Social Security Ain’t So Nice![…]

The History of Monopoly, and what it means for a Business Owner!

Monopoly has been around for decades. Even though it is an “old” game my kids still love to play it. They have their favorite pieces of property to own and they are now beginning to use strategy to win. It is truly fun to watch their minds grow. How many of you know that Monopoly Read more about The History of Monopoly, and what it means for a Business Owner![…]

Jeopardy, Double Jeopardy and Double Taxation!

Bear with me while I tie a few things together… The game show “Jeopardy” has been around since the 1960’s. It wasn’t until I was much older that I began to appreciate the show for what it is and what it isn’t. I am amazed at the amount of obscure trivia that the contestants knew Read more about Jeopardy, Double Jeopardy and Double Taxation![…]

It is difficult to get the Right Solution when you start with the Wrong Premise!

Every step of our education has been centered on what to think, rather than how to think. We have been dumbed down as a society. When it comes to finances, the less we know, the more we are exposed to misinformation. All of the financial information that is available to us today has been created Read more about It is difficult to get the Right Solution when you start with the Wrong Premise![…]

Hocus Pocus, Poof! The Tax Savings Disappear!

I for one do not believe that qualified retirement plans are all that they profess to be. They are surrounded by ever changing, complicated rules that turn out to be very costly. I don’t believe all of the rhetoric about tax savings. Someone is going to be taxed on this money. If not you, then Read more about Hocus Pocus, Poof! The Tax Savings Disappear![…]

Handwriting on the Wall

The government knows that it is between a rock and a hard place on the issue of Social Security. The dire financial situation of Medicare, Medicaid and the US Postal Service isn’t helping the situation. In 2016 the US Government spent $19 Trillion dollars. Roughly 49% of that $19 Trillion dollars was spent on social Read more about Handwriting on the Wall[…]

Inflation: Life’s Stealth Bomber

Every day you can see the impact of increased prices on your income, assets, and standard of living. Prices for food, clothing, appliances, energy, automobiles, prescription drugs, and health care have soared. The increase in the price of these expenditures is called inflation. People generally cope with inflation by finding ways to increase income or Read more about Inflation: Life’s Stealth Bomber[…]

How Dare You Think That You are Entitled to Social Security!

If you are in the work force, then you are paying taxes.  One of those taxes is for OASI – Old Age and Survivors Insurance, but you probably have never heard of that.  Another name for OASI is Social Security. Since you are in the workforce and paying social security taxes, you are probably under Read more about How Dare You Think That You are Entitled to Social Security![…]