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Get Out of Tax Jail

Sadly, most American taxpayers are completely unaware of what is going to happen to their hard-earned money in retirement. If you are sending income to your retirement through an IRS 401k, IRA, 403b or SEP plan, you are in for a very rude awakening. You are in debt to...

Income or Cash Flow in Retirement?

Income or Cash Flow in Retirement? If you are retired… Not working… Not earning money… Why are you reporting income on your 1040? And paying taxes on it? The US tax code does not require you to file a tax return…if you don’t have any income. Distributions from all...

Roulette With Your Retirement

If you are saving for retirement in an IRS tax-deferred plan, you are playing roulette with your retirement. Bets are placed on: Future tax rates Future tax brackets Withdrawal timing Withdrawal rates Market performance Tax code changes Roulette is a casino game named...

$22 Trillion | $24 Trillion

National Debt = $22 Trillion Tax-deferred Money = $24 Trillion Ever wonder why “They” don’t talk about the National Debt? If you would prefer not to subject your 401k, IRA, 403b or SEP to the Government’s solution to the National Debt, then perhaps you should pay your...

One Foot on the Gas, One Foot on the Brake

So many Americans are driving their financial lives with one foot on the gas and one foot on the brake. They are accelerating the payoff of their mortgage, which decreases deductions (interest) on their tax return causing more taxes. Yet they are making contributions...

DEBT Free ✅…or Not ❌

We strive to be DEBT free: House paid off ✅ Student loans paid off ✅ Car paid off ✅ Credit cards paid off ✅ Tax DEBT on 401k, IRA, 403b, SEP, SIMPLE, Solo ❌ If you take a loan today, you are in DEBT to the bank. You pay the loan back based on the interest rate and...

45 Years to the SUMMIT 🌋

You spend 45 years ascending your wealth mountain and at the SUMMIT realize you only packed the tools necessary to climb up the mountain. 56% of all deaths on Mt. Everest occur on the way down. (*) The same is true in your financial life. Different tools are necessary...

Tax Prep or Tax Plan?

Your tax preparer is helping reduce your taxes this year: Bigger refund or pay less taxes More money in your pocket today They want your business again next year Who is planning your lifetime taxes? Postponing your taxes today may cost you dearly in taxes during...

Your IRS Tax DEBT

You go into IRS Tax DEBT every time you contribute to your 401k, IRA, 403b, or SEP. When you take out a loan and go into DEBT, do you know? Interest rate Payment terms Penalties When you make a 401k, IRA, 403b, or SEP contribution and go into DEBT with the IRS for...

Share Your 💰 With the IRS?

This circle represents all your retirement assets. What % do you want to share with the IRS in retirement?   Most Americans are "set-up" to share 30-40%, and they don't even know it! Ready to move your needle? Let's talk. Remember, You Can Live Tax-Free in...

529 and the Death of Your Miracle

Einstein's miracle of compound growth only works when it is UNINTERRUPTED. You diligently save for your child's college education. Just when the compounding really takes off, you transfer your miracle to the college or university. "Compound growth...he who understands...

You’re Paid 5th. You Good❓

You're paid 5th on distributions from your tax-deferred plans (401(k), IRA, 403(b), SIMPLE, Solo, SEP, etc.). 5th you say? Federal taxes – ordinary income rates at the time of withdrawal State taxes Taxes on Social Security benefits – did you know this? Increased...

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