February 5, 2018

Top 5 Must-Read Finance Books

Building wealth isn’t rocket science, but it does take some extra effort to understand the dos and don’ts that will get you where you want to be. If you’re looking for a good place to start that edification process, then look no further than these five finance books.
January 31, 2018
best retirement plan

Picking the Best Retirement Plan for the Self-Employed Business Owner

One of the biggest benefits you will enjoy if you are self-employed is that there are more (and some would argue better) retirement options and plans available to you than are available to most taxpayers. You still have the ability to use the ROTH IRA and Traditional IRA. But being self-employed gives you three additional retirement savings options: SEP IRA, SIMPLE IRA, and Solo-K. With all these choices, how do you know which is the best retirement plan for the business owner like you? We will explore the pros and cons.
January 30, 2018
Tax Tip Tuesday Financial Blog Post

5 Signs of Small Business Identity Theft and New Protection Methods

Just like individuals, businesses can be victims too. Small business identity theft is a big business. Thieves target and use a business’s information to file fake tax returns or get credit cards just the same as they do on a personal level.
January 26, 2018

Income for Life Retirement Strategy #12: Moving from Your Home

Downsizing, especially after the children are on their own, is a frequently used approach for managing your income for life. Reducing housing expenses can save tons of money. If you reside in a highly appreciated area where your home could be worth a lot of money, selling can free up a substantial amount of cash flow or even be used to wipe out debt. What is left over can then be added to your nest egg or even used to cover future long-term-care expenses. Keep in mind, if you are married you can protect up to $500k of your profit from capital gains taxes when you sell your home. If you single, it is half of that amount.
January 24, 2018

The Stock Market is High… Should I Sell My Stocks?

The media is excited to say that the stock market is at an all-time high. This news has us wondering, is it time… “should I sell my stocks?” This is a reasonable question and one I answer almost every day. The Standard & Poor’s 500 index has grown almost 300% percent since hitting bottom in early 2009, and people want to know if it’s time to be a bull or a bear.
January 23, 2018
Tax Tip Tuesday Financial Blog Post

Data Breach Victims – 5 Steps to Take if You Have Had Your Identity Stolen

Each and every single day, data thefts put people’s private and financial information at risk. There are steps that you, as an identity theft victim, can take to safeguard your financial accounts, your identities, and tax returns.