Proudly, I am! What is the difference between tax avoidance and tax evasion? About 10 years…in jail! There are many legitimate tax deductions and strategies that purposely exist in the tax code for our benefit. Many people refer to these as loopholes. I don’t like referring to tax deductions and strategies as Read More >
The IRS is Not a Good Savings Vehicle
Posted on: 07.14.15
On January 14, 2015, CNN Money reported that “Nearly 8 out of 10 U.S. Taxpayers Get Refunds.” The story reports that according to the most recent IRS data, the average refund was roughly $2,800. This practice has always baffled me, but my own clients have proven it to be true. When I meet with new clients among the Read More >
Financial Health Series: Episode 2 – The 5 Ways People Lose Money (Taxes)
Posted on: 07.07.15
https://youtu.be/4gsLbFQInUc I was recently interviewed by Gary Collins, creator of the Primal Power Method, for a video blog series he is doing on financial health. Gary created the Primal Power Method to help people make educated decisions concerning their health. The Primal Power Method focuses on nutrition and Read More >
How to Keep More of What You Earn
Posted on: 06.30.15
The greatest impact you can have on your monthly cash flow is to identify any unintended wealth transfers and take steps to minimize or eliminate them. And therein lies the problem. Most people are making unintended wealth transfers unknowingly and unnecessarily. We find that people tend to lose money in the Read More >
What is an “Unintended” Wealth Transfer?
Posted on: 06.23.15
An unintended wealth transfer happens when you spend more money than you would have spent if you had known there was a less expensive alternative. Unintended wealth transfer is synonymous with wasted money. If you spend a dollar that you did not have to spend, you not only lose that dollar, but what that dollar could Read More >
What Impact Can Wealth Transfers Have on Your Finances?
Posted on: 06.09.15
In order to understand the impact wealth transfers can have on your current and future financial profile it is necessary to consider your lifetime wealth potential. Your lifetime wealth potential is the total of all the money you will ever earn, plus the interest that money will earn over your lifetime. Let me Read More >