What could sweets, alcohol, and deferring taxes have in common? Plenty. All three are fun to enjoy in moderation, but when overdone, they all come with consequences. Today, Americans saving for retirement have the option of either Traditional IRA/401k/403b accounts…
The reason we are independent and fee-only is so that you can always Call Us First. If you are getting close to retirement and need to make choices with your company, Call Us First. If you want to update your estate…
Saving for your child’s education is a critical goal that requires careful and strategic planning. With the rate of rising tuition costs and the growing importance of higher education, it is certainly essential to explore effective strategies that will build…
Every morning when I awaken, I wonder whether the politicians changed all the rules again. It happens so often that it is difficult to keep track of what was discussed versus what became law. I try not listen to proposed…
Repetition is the key to memorization, so let’s repeat that headline: “Gifts to Children are not income taxable.” The annual gift limit (which in 2022 is $16,000) has nothing to do with income taxation. To repeat, the annual gift limit has…
The greatest country on the planet has a serious problem when our tax regulatory agency has become completely dysfunctional. It has become virtually impossible without extraordinary efforts to resolve even the simplest of issues with the IRS. Many reading this…
The question “du jour” is: what do you think is the best inflation hedge? The answer may seem unlikely to some, but it can be a worthwhile option. Before we answer the question regarding the best inflation hedge, I want…
Taxes can have a significant impact on one’s retirement years and it is important to question how to minimize those taxes so that there is more to spend when one retires. Before we dive into various ways to minimize taxes,…
One of the greatest actions you can take to educate yourself about markets and economies is to avoid listening to general media. Let’s define general media as the sound bite type of media, like CNN, Fox, or CBS. When a…
As with many areas of financial planning, there is not a blanket statement I can use to tell you where to retire. What I can do is provide you with the resources, tools, and considerations to make the best decision…