Roth vs Traditional IRA (Which is Better?)
Which is better? A Roth or traditional IRA? Keep your answer in mind because we will get back to your answer in a bit. Oh, …
Taxes and Investing
Uncover the Secrets of Paying Lower Taxes in Retirement
If you want to pay the lowest taxes allowed by law in retirement you will need to start planning before you retire. If you are …
Kovel Letter: Secrets Accountants Can’t Tell You
Videos claiming they have “Secrets Your Accountant Will Not Tell You” have become a cottage industry. Under the surface these videos claim that tax professionals …
S-Corp Reasonable Compensation
Small business owners often consider the S-corporation to reduce payroll taxes on owner’s profits and to efficiently manage their business. Avoiding the payroll tax on …
Are Accountants Wealthy? 10 Habits of Wealthy Accountants
You would think that when it comes to wealth, accountants would have an advantage. When we think of accountants we think taxes, financial statements, and …
The Importance of Front Loading Retirement Savings
When people hear about “front-loading” their retirement account they get different ideas about what front-loading is. There is a good reason for this, as there …
8 Tax Strategies That Don’t Always Work
Some tax strategies do not work as planned. Some tax strategies don’t work because they are flat out wrong. That happens when non-tax professionals try …
8 Disadvantages of Revocable Living Trusts
The primary purpose of a revocable living trust is to manage and distribute a person’s assets during their lifetime and after death. The revocable trust …