Tips
Avoiding The Tax Pinch, and Getting Electronic Assistance
It happens every year, and now it is happening again. It is tax time. Whether you are an employee on a W2 status, or self-employed on 1099’s, or both, or neither, if you have received any income in the United States, you are required by law to report it on a federal tax return.
For some [...]
Washing Dishes, A Job That Needs To Be Done
It was taking as much time for our family of 7 to get dishes off the table and into and out of the dish washer and back into the cupboards and drawers is it was doing them by hand. Plus, it was often difficult to tell whether the dishes in the dishwasher were waiting to [...]
What Your Broker Hasn’t Told You About Your IRA
Brokers and banks have a vested interest in keeping a little secret from you. What’s the secret? The secret is you don’t need them to hold your IRA or tell you what you can or can not invest in. For the most part, the IRS doesn’t care what you invest it as [...]
Cure for Stock Market Blues
Tired of investments that go bump in the night?
The past 18 months have been anything but steady for traditional investments- those like stocks, mutual funds and bonds. In fact the S&P 500 earned only 5.5% last year and has already lost that and more so far this year. As a money manager [...]
The IRS Is Your Silent Partner
Would you go into business with a silent partner who said that you could have 66% of the profits of the business unless he changed his mind?
Sounds crazy except you’ve already done it. The IRS gets at least 1/3 of your profits when you add up FICA/ Medicare, income taxes etc. If you own an IRA it’s even worse. In the US, we have what I call two tax systems: The voluntary tax and the involuntary tax.
