Blog

How much money is too much? How much is enough? I was happy to be quoted in a recent article in GoBankRates.com....

07 April, 2024 /

‘Part of me fears that if I sell I will not be able to buy again in the Southern California market, specifically in Orange County’ Check out the CBS MarketWatch article here....

13 March, 2024 /

Last week I wrote about how a Solo 401(k) Could Be Your Best Retirement Plan Option. When it comes to picking a retirement plan, you have many choices. If you have no employees in your business, none of the choices are bad. Let’s start there......

31 July, 2022 /

It is getting increasingly popular for individuals to use self-directed IRAs to invest in alternative investments—that is, investments in things other than stocks, bonds, CDs and the like. The single most popular alternative investment for self-directed IRAs is real estate. With real estate values continuing......

28 July, 2022 /

Have you procrastinated about setting up a tax-advantaged retirement plan for your small business? If the answer is yes, you are not alone. Still, this is not a good situation. You are paying income taxes that could easily be avoided. So consider setting up a......

25 July, 2022 /

The Enrolled Agent is highest professional designation awarded by the IRS. Enrolled Agents are granted unrestricted rights to represent taxpayers before the IRS throughout the US, have demonstrated special competence in tax matters, must adhere to ethical standards and are required to stay current with......

18 June, 2022 /

One of the advantages of operating a business as a partnership is the right to make special allocations of tax items among the partners. You have the same opportunity if you run your business as an LLC that’s treated as a partnership for federal tax......

18 June, 2020 /

Most investors’ accounts have taken a hit lately and the markets are still volatile. The good news is that you don’t have to wait to take action. Hoping and waiting are not strategies. Here are three proactive steps that could help get you back on......

18 May, 2020 /

Tax preparation and tax advice are very different things. Many taxpayers assume that when they have their taxes prepared by a professional, they’ll also get tax planning advice or recommendations for ways to reduce future taxes. This doesn’t always happen and there are a number......

12 May, 2020 /

Now that the CARES Act and the Families First Coronavirus Response Act have been passed, I wanted to give you a quick overview of the opportunities available to you, and to all small business owners: 1. Low-interest business loans and potential loan forgiveness available The......

01 April, 2020 /

As a new year approaches, it is only natural for us to reflect on how things went in 2019. Personal and professional accomplishments may take center stage. Or, we may take stock of any disappointments and recalibrate as 2020 approaches. Yet, I know it’s a......

04 December, 2019 /

You’ve heard it and I’ve heard it—never discuss religion and politics. It’s easy to understand why. Some folks hold very strong opinions, and it’s easy to get swept up into an unwinnable argument. Interestingly enough, though, politics and religion aren’t considered the most difficult subjects......

14 November, 2019 /

As I was leaving the grocery store last month, a headline from USA Today jumped off the page: College Student Loans: Debt hits a new high in 2018. Last year, college seniors graduated with a diploma, a well-paying job (hopefully), and an average student loan......

11 October, 2019 /

On January 31, 1940, the first monthly Social Security check was issued to Ida May Fuller of Ludlow, Vermont. She received $22.54, according to the Social Security Administration. She was 65 years old at the time. She passed away at 100 years of age. Ida......

04 September, 2019 /

You’ve saved money all your life. Or, maybe you sold your business after investing years of hard work. You’ve chosen the smart path and have a comfortable nest egg as you set sail into retirement. But always be on guard! Criminals seek to trick you......

07 August, 2019 /

We’ve all heard it said: “Records are made to be broken.” We celebrate record-breaking winning streaks from our favorite teams. Conversely, we hope to avoid a long string of losses. The bull market that began in 2009 is not the best performing since WWII. That......

02 July, 2019 /

Kids learn the basics in school–reading, writing, and arithmetic. But schools avoid almost any instruction about money. If they do offer a class, it may be an elective in high school, long after habits have been formed. I believe it’s important to start talking about......

05 June, 2019 /

We all want what is best for our children. At an early age, we teach them to eat the right foods, we place them in the best preschools, we encourage them in grade school and high school, and we cheer them on when they excel......

02 May, 2019 /