Your account balance carries a hidden surrender charge. Millions of working Americans contribute a percentage of their earnings to a 401k account while many also have IRA accounts, most of which were formerly 401k that were rolled over to IRA’s. While some people follow the daily moves of their account balances, other wait patiently for […]
Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. A vivid, calendar-based illustration of the cost of government, Tax Freedom Day divides all federal, state, and local taxes by the nation’s income. In 2014, Americans will pay $3 trillion […]
Your IRA or 401k is partially yours and partially the property of the IRS. Unfortunately, the IRS doesn’t tell you what they get until you make a withdrawal. RETIREMENT PLAN REALITY CHECK IRA Balance Marginal Tax Rates Yours […]
When Romney Wins – Then What? Since Mr. Romney is well positioned to win the presidential election, I’ll take a few minutes to explain what I think might happen if Governor Romney is elected the 44th President of the United States. If Republicans also win both houses of Congress, expect there to be quite a […]
I have just written my first EBook. The concept is simple: read about the nine ways I invest my money and advise my clients to invest theirs so they can minimize or avoid paying tax altogether. I think income tax rates will eventually go higher, meaning it will be wise to invest in vehicles that […]
Why I Dislike Taxes and How I Minimize What I Owe I want less government in my life and I will do everything I legally can to give Uncle Sam as little of my hard earned money as possible. If you want more government intervention in your life and you want the government to redistribute […]
Save for College & Save Taxes HURRY UP to get this done before year-end! Get your IL 529 College Savings Plan contribution in before year end and get a write off on your IL Income Tax Return. There are two plans to choose from in IL (Bright Directions and Bright Start). I use Bright […]
- Is a Private Pension in Your Future? February 24, 2015
- Life Insurance Key to Retirement Spending and Legacy Plan February 17, 2015
- One Powerful Financial Move for Kids (or Grand-kids) February 10, 2015
- Life Without the Wife February 3, 2015
- Illinois and Greece, Two of a Kind? January 28, 2015
- Shut Up and Take My Money January 13, 2015
- What Did You Pay For Your Kid’s College? Please Respond August 27, 2013
- Use Life Insurance for Long Term Care (if needed) December 5, 2011
- Is College Worth it Today? An Alternative Idea November 5, 2013
- “Cameron Frye, This One’s for You!” March 31, 2014
- Is a Private Pension in Your Future? | Life Planning Today: […] is that you leave nothing from the money...
- One Powerful Financial Move for Kids | Life Planning Today: […] Take Advantage of Tax-free Roth IRA [...
- Illinois and Greece, Two of a Kind? | Life Planning Today: […] Chicago Finances in BIG TROUBLE- The Blu...
- The Real State of the Union | Life Planning Today: […] Unworkable Obamacare […]...
- The Real State of the Union | Life Planning Today: […] Economic & Investment Review […...