7. Tax Planning
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5 Tax Myths that Drive Me Crazy
As I am doing my own taxes and help coach others on how to minimize their tax liability, there are a few myths that drive me up the wall so I thought I…
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Tax Harvesting-Taking Losses against Gains for 0 Tax
Tax-loss harvesting, or selling investments such as stocks, bonds, and mutual funds that have lost value, can reduce the tax liability on capital gains realized from winning investments. You want to do this…
- 1. Cash & Credit, 2. Risk Management, 3. Estate Planning, 4. Identify Goals, 5. Investment Planning, 6. Retirement Planning, 7. Tax Planning
Does this Wealth Program Really Work?
I received this reader question recently and wanted to respond publicly: “I would like to no more about this programs and does it really works? I have made a few investments on the…
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Review Your Federal Tax Return to Build Wealth
Many people don’t bother reviewing their federal tax return after it has been prepared. That’s a big mistake. As a Financial Advisor, I always insisted on reviewing the federal income tax forms with…
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Tax Savings means Extra Cash Flow in the New Year
Just 17 more days left to save money on taxes- do some of these easy tax saving tips for cash in your pocket in new year (Note: I personally have done 3 of…
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Roth IRA or Not? Listen in on the new Roth IRA Rules
Join me in an interview with Curtis Smith CFP®, a fee-only Financial Advisor, to find out how a Roth IRA works and if it is right for you. You can listen in at…
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Miss Out on Tax Credits and Miss Out on Building Wealth
Lowering your tax liability is one of the fastest ways to increase cash flow and build wealth. I was making a long post about all the legal deductions that you are allowed to…
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Build Wealth By Increasing Your Happiness and Your Net Worth
I have met lots of folks who believe that to build wealth they need to make a big salary- then it’s all good. Well, wake up, because it ain’t . Inflation and taxes…
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Build Wealth by Saving Money On Your Taxes
Saving money on taxes is an easy step to build wealth immediately. You must be aware of tax law changes though in order to take action on opportunities that arise. Last minute legislation…
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Reduce Your Tax Liability-It’s Legal
Tax planning consists of the use of tax deferrals, tax deductions and tax credits to legally reduce your tax liability. The one that most of you are familiar with is tax deferral. That…