Category Archives: Regular Blog

C-corp business tax rates had a huge drop with the new tax laws (from a 35% top rate at $50,000 in profits down to a flat 21% rate). BUT… If you operate your business as a pass-through entity, such as a proprietorship, partnership, or S corporation, the profits of that business can generate the Section 199A tax deduction for 2019 (and maybe for 2018?). There are 2 types of business in the eyes of the IRS (regarding this tax rule). … Continue reading

I’ve been preaching for many years how income taxes are going to increase for everyone at some point. How can they not? We’re $22 TRILLION in debt (adding to that debt every year despite a booming economy), Socia Security, Medicare and Medicaid are a mess, etc. But… even if taxes do NOT go up for the nation as a whole, your taxes will likely go up when the inevitable happens! If there is a possibility that you or your spouse … Continue reading

My newest book is available now on sale at Amazon.com. The title is “Get Me to ZERO” with the subtitle:  “Use the 2019 I.R.S. Tax Code to Pay as Little as ZERO Income Taxes During Retirement and Have a Better Life”   As I’ve mentioned before, this book is written primarily for folks that are about 7-10 years or more from retiring since they’ll have the time to position themselves to owe as few dollars to the IRS as possible in retirement. The book describes 7 synergistic tax strategies that proactive Americans can implement today … Continue reading

Here’s a financial truth that few people really understand. Business people refer to it as “Opportunity Cost” – but it holds true for everyone in just about every financial purchase. I realize we have to spend money to eat and sleep… but when you make a major purchase like a car, boat or anything that you can’t pay for out of money cash-flow, this financial concept should be kept in mind. It’s been said that “compounding interest” is the 8th wonder of the … Continue reading

I just found out that the Centers for Medicare & Medicaid Services has announced what’s in store for 2018 Medicare Part B premiums. The base premium stays the same as this year (2017) at $134 a month for many people. However there are some big changes for the 70% of current Social Security recipients who have been paying a  much lower amount of $109 a month. These folks will see a big jump to the $134 a month level. These folks will likely not see much or … Continue reading