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- Practicing Independence: Are You USING Your Freedoms?
- The Growing Cost of a College Education
- Planning for Going from ‘We’ to ‘Me’
- Collateral Assignment: Banking on Your Life Insurance Policy
- Debt: Easy as Pie
- Mortgages: Faster Isn’t Always Better
- Kick-Start the Savings Habit
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Category Archives: TAX TIPS
“If someone calls you and tells you they are an IRS agent and tries to intimidate you… just be aware that is not what the IRS does, and you need to protect yourself.” -Chris Anderson, Soulence Tax and Accounting Chris … Continue reading
In 1963, Time magazine published an excerpt from a letter written by Leo Mattersdorf, a friend and accountant of Einstein, who had prepared the professor’s income tax returns and advised him on his taxes for many years: Einstein: “The hardest … Continue reading
“Health Savings Accounts (HSAs) are IRAs on steroids.” – Paul Zane Pilzer, economist, author, entrepreneur, professor. This month, we continue to explore health and wealth. Last week, we examined FSAs (or Flexible Spending Accounts/Arrangements), a tax-slashing employee benefit that most … Continue reading
“The FSA may be the most underutilized tax-advantaged vehicle the government has given us.” – Jerry Ripperger, director of consumer health for the Principal Financial Group, Des Moines, Iowa. Last week, we looked at the connection between health and wealth. … Continue reading
“Judge no one happy until his life is over.” – Ancient Roman proverb Tax Deferral and the Sword of Damocles At first glance, especially from a distance, some arrangements may seem quite attractive. But when a fuller understanding is acquired, … Continue reading
A PROPOSED TAX CHANGE TO INHERITED IRAs IS DROPPED, BUT IS IT A SIGN OF THINGS TO COME? One of the unknowns that lurks in the shadows of many qualified retirement plans (such as IRAs, TSAs, and 401(k)s) is future … Continue reading
There’s a long-standing guideline for individual investors that says you should never buy a particular financial instrument purely for its tax-favored status – the underlying investment opportunity needs to make sense apart from its tax treatment. However, this does not … Continue reading