Deferring taxes isn’t always smart
Taxes: Most people hate them, and rightly so. We are taxed on our income, then on the things we buy with our already taxed income. We are then taxed yet again on an ongoing basis for things we already own until the day we die. It doesn’t end there, though. We can then...
What does the ‘Big Beautiful Tax Bill’ mean for you?
Lately, there has been a lot of talk about the “Big Beautiful Tax Bill” that has so far passed the House. The bill now heads to the Senate, where it will almost assuredly be changed. This week, I wanted to cover the basics that may apply to many readers since it is a...
Financial planning as opposed to investing
It’s common for clients to walk in because they want investment advice. However, what they really need even more than investment advice is financial planning. As we get older, the stakes of do-it-yourself investing get higher. First, we (hopefully) have more money...
Common estate planning mistakes: Part 2
In last week’s article, I covered five common estate planning mistakes, such as beneficiary errors, naming specific investments in your will, and more. Here are some more things to be aware of and to discuss with your estate planning attorney: 1. Not planning for the...
