To Roth or Not to Roth?

If you believe, as I do, that future tax rates will be higher, you may benefit from opening a Roth IRA. Of the 5 ways people lose money, taxes are NUMBER ONE. There are many innovative strategies for reducing your tax burden and the Roth IRA is without a doubt the best IRA available today. Traditional IRAs allow you Read More >

Will Future Tax Rates Sabotage Your Lifestyle in Retirement?

According to the Employee Benefit Research Institute, approximately 42% of Americans in the private sector (i.e., non-government workers) are covered by a defined contribution plan such as a 401(k) or IRA. For many that contribute to these types of retirement plans, the primary benefits are the perceived tax savings Read More >

Are You Guilty of Tax Avoidance?

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

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) 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 >

Is Postponing Tax Really the Best Idea?

Let’s say you wanted to borrow $10,000. What questions would you ask and want to know the answers to before you borrowed the money? I can think of at least two key questions, and probably more. What is the interest rate? How much interest do you have to pay? What is the payment? If the lender responded by Read More >