Monthly Archives: March 2020

Every week in our community’s small newspaper there are 4-5 quick stories about normal (educated) people who have been scammed out of there money or their private/personal information which will be used to scam them at a later time. It can happen to anyone! In this BLOGPOST I describe the latest scam involving Social Security checks and then make a prediction of an even bigger scam to begin as early as next week which will set its sight on Americans … Continue reading

Beat the Unfair $10,000 SALT Cap with a C Corporation C corporations cause double taxation for business owners, so you probably think you want to avoid them at all costs. And for many of you, this is true, as the S corporation often provides the lower overall tax outcome. But for some of you, the C corporation could provide the best tax outcome because it bypasses the $10,000 state and local tax (SALT) deduction cap, which was introduced by the … Continue reading

OK, let’s remember that paying taxes on tax-postponed IRAs are inevitable. The tax judgment day will come… both during and after your life. The taxes must be paid at one point – at future tax rates, tax brackets and deductions that are unknown today. The IRS is an unwanted but a very real beneficiary of your retirement savings (while you’re alive taking any distributions… and at death). Whatever the account balance on your traditional 401K/IRA statement shows, a good chunk … Continue reading

With the DOW now having intra-day moves of 1,000+ points based mostly on Coronavirus fears, this is a great time for investors to give increased thought to their investment holdings and market-based portfolios. And although most of the headlines are about the US and other major STOCK markets, in many ways, a bigger concern to me is the BOND market. Yes… bonds! Today, the 10-year US Treasury bond went down to a yield of .97%. That’s under 1%!  WOW. When … Continue reading