Happy Halloween Weekend. By now, you’ve likely seen that the House Ways and Means Committee released a draft of significant tax legislation. The proposed tax plan is not a treat and has many tricks contained inside the proposed bill. Today is the time to begin your 2021 Tax Planning. SCHEDULE A MEETING Tax planning…
If you’re like me, you’d prefer to pay as little as possible in taxes each year. To help you save your hard-earned money, here are 5 commonly overlooked ways to save money at tax time 1. State Sales Tax Thankfully living in Texas we do not have a state income tax. However, we can deduct…
Let me share an initial meeting I had this week with a late 30’s married couple, that came from a client referral. The meeting plan was to discuss their investments, 401(k) and retirement. Maybe they look like you, or your children or friends or this looks like where you are headed. They are college educated,…
“Everyone has a plan until they get punched in the face – Mike Tyson” How do you like 2016 so far? I am not one for riding roller coasters and this year has already had so many ups and downs in last three weeks, that I am concerned that someone may earn the call sign…
Is it the ability to live in a fantasy world versus the reality that shows a record amount of unmarried adults today in their 20’s and early 30’s ? Today’s young men and women are independent, college educated, and unmarried versus earlier generations of American men and women in their age group. If the trends…
Last December, I was compelled to launch this blog because I was fed up with the fear-mongering by some of America’s financial news celebrities. In just one recent example: CNBC trumpeted this rather irresponsible headline: “Stock Market Volatility Makes Retirement Planning ‘Impossible’”. They quoted a study by the National Institute of Retirement Security and stopped…