A Dash of Humor in the Grocery Aisle: Navigating Food Price Inflation with a Smile
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A Dash of Humor in the Grocery Aisle: Navigating Food Price Inflation with a Smile

Hello, budget-conscious gastronomes!  Ever feel like your grocery bill is on a stealth mission to crush your wallet? You’re not alone if your receipts look longer than a Tolkien novel.  Let’s sprinkle a little humor and some healthy advice into the mix as we explore the world of rising food prices. During the 2020 election,…

Mastering the Backdoor Roth IRA: A Comprehensive Guide
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Mastering the Backdoor Roth IRA: A Comprehensive Guide

Fear not if you’ve found yourself hitting the income limits for direct Roth IRA contributions. The Backdoor Roth IRA might be your ticket to tax-advantaged growth. In this step-by-step guide, we’ll walk you through the process, from laying the groundwork with a traditional IRA to navigating the conversion to a Roth. Plus, we’ll highlight key…

ROTH 401(k) Contributions are a Great Wealth Creator
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ROTH 401(k) Contributions are a Great Wealth Creator

First, let’s clear up the misconception about a ROTH 401(k) Contribution. NO MATTER HOW MUCH MONEY YOU MAKE, YOU CAN CONTRIBUTE TO A ROTH 401(k) in your employer-sponsored plan (assuming they offer the choice). I get asked repeatedly why I would want to pay taxes on my 401(K) or other employer-sponsored retirement contributions now. The…

Even James Bond Needs Documentation
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Even James Bond Needs Documentation

In his escapades and adventures, James Bond may have used many tricks to escape death. However, even James Bond would have needed documentation to deduct the cost of his Aston Martin. Court nixes most auto deductions:  In the summary judgment issued by a Tax Court Judge, he ruled that the owner of a Long Beach, California-based `…

Dad and Medicare – info you might need for your parents.
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Dad and Medicare – info you might need for your parents.

As we grow older, the parent/child roles often reverse, and we find ourselves caring for the very parents who once cared for us. That reversal has happened to myself and my parents, specifically my Dad. This past weekend, I experienced the struggle to access and coordinate my Dad’s ongoing care through Medicare.  I am sharing…