You know, there are actually people out there on the road, at this very minute, who do not believe they need car insurance. Instead, they drive on the roads and toss caution to the wind while the rest of us try to protect our assets by insuring them. These same people actually cause the rest … Read more
The word “Tax” seems inherently dull and bothersome. However, in my view tax is the secret weapon of wealth creation. It should be a cornerstone in your financial planning. One fell swoop of a pen on some documents backed up by some clever tax planning can create instantaneous wealth. This is what the wealthy have … Read more
Everyone with a traditional IRA should be looking into whether converting to a Roth IRA might make sense for them, because the ability to shelter future earnings from taxation is a very attractive feature of the Roth. The difficult part in doing a conversion analysis, however, is in forecasting the tax bracket that will apply … Read more
1. Mutual Funds Offer Diversification:The beauty of a mutual fund is that you can buy a mutual fund and obtain instant access to a hundreds of individual stocks or bonds. Otherwise, in order to diversify your portfolio, you might have to buy individual securities, which exposes you to more potential volatility. 2. Mutual Funds are … Read more
Top Ten 2008 Income Tax Law Changes By David Roberts Every year for whatever reason whether it be political or an exchange of favors for lobbyists, our Congress adds additional changes to our already complicated tax law. Sometimes these changes are beneficial, sometimes they are not, but this article will briefly examine … Read more