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![…]

Imagine Being a Business Owner and You Cannot Pay Yourself – Because the Law Says So!

Let me give you a scenario… suppose that on the way to the office tomorrow morning you were in a very bad auto accident in which your leg was fractured in multiple places and your doctors tell you it will be at least six months before you can return to work.  Would you continue to Read more about Imagine Being a Business Owner and You Cannot Pay Yourself – Because the Law Says So![…]

What is the difference between a taxidermist and a tax collector… The taxidermist takes only the skin!

The title of this article is a quote from Mark Twain.  Little did he know that his quote would resonate for the next century throughout all of America.   Mark Twain died in 1910 and didn’t live to see how true his statement would be. A Little History Lesson: Above is the “History of the Top Marginal Read more about What is the difference between a taxidermist and a tax collector… The taxidermist takes only the skin![…]

But, I’m Going to be in a Lower Tax Bracket When I Retire!

One of the many questions that I ask new clients is, “What tax bracket do you think you will be in when you retire?”  This is to get a good idea of how they foresee their retirement with the knowledge that they have today.  Invariably they will respond, “I will be in a much lower Read more about But, I’m Going to be in a Lower Tax Bracket When I Retire![…]