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![…]

Life lessons you can learn from Indiana Jones.

Let’s go back to 1989. The blockbuster, Indiana Jones and the Last Crusades is in theaters and is entertaining millions. In the movie, Indy and the bad guys are searching for the Holy Grail which will grant immortality to those who drink from it. Indy gets captured and is forced to pass a series of Read more about Life lessons you can learn from Indiana Jones.[…]

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![…]

Becoming a Psychic Investor.

If I could tell you the exact day that your qualified retirement account will suffer its greatest loss, would you want to know that date? And in knowing that day, if we could do something now to prevent these losses would you do it? Taxes are the largest transfer of your wealth. The day that Read more about Becoming a Psychic Investor.[…]

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[…]

One Estate Planning Mistake Can Hurt the Next 2, 3 or 4 Generations.

If you are a business owner or someone of wealth I am sure that you have been approached by an advisor telling you that you will eventually have an estate tax problem unless you do something about it.  The solution typically involves life insurance and some type of Irrevocable Trust. Today we are going to Read more about One Estate Planning Mistake Can Hurt the Next 2, 3 or 4 Generations.[…]

What’s Your Number?

Do you remember the ING retirement campaign a few years ago.  The commercials were always asking, “What’s Your Number?”.  This brief article isn’t the place to get into what is wrong with the “What’s Your Number” campaign. What I want to focus on is this – For simplicity’s sake, let’s say that your “number” was Read more about What’s Your Number?[…]