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 exercise, but is also about pursuing a truly healthy and happy life.
Approximately seven in ten (71%) Americans report that money is a significant source of stress, according to the American Psychological Association. It’s a fact that stress, which includes financial stress, wreaks havoc with our psychological and physical health and that’s what prompted Gary to do a series on financial health. When Gary asked if I would be interested in participating I jumped at the opportunity.
The IRS gives us choice and control as to how, when, or if we choose to pay taxes on our accounts, and if we don’t understand that then we end up doing what everybody else does, and that can end up costing us a fortune.
In this impactful 22-minute interview we discuss:
- Several ways in which people lose money through taxes
- Compound interest and increased taxation
- Mortgage interest and tax deductions
- Tax treatment of Qualified Plans (i.e., 401(k)s, IRAs, 403(b)s, etc…)
- Provisional income and Social Security
- Opportunity cost of lost dollars, and much more…
How you choose to pay your taxes can have a significant impact on your ability to save for your future.
The third video in the series should be available by the middle of July 2015.
Gary’s website is www.primalpowermethod.com
The Wise & Wealthy Blog is www.wiseandwealthyblog.com
Call us to discuss ways in which you may be losing money as a result of how you choose to pay your taxes.
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