Posts Tagged ‘tax planning’

Prioritizing Tax Benefits

Two kinds of clients scare me most. The first ask me as they pick up their tax return what they can do to lower their tax bill. The other requires a pry bar to get complete information out of them during the year. Each of these clients scares me because I can’t give them a…

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Personal Solutions to the Healthcare Crisis

In the United States healthcare has gone from crisis to tragedy. Double digit increases in insurance premiums for many years on one hand and a tax code that forces you to pay up on the other is a painful experience for many family budgets. The current tax code contains a health insurance mandate; have health…

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2017 Tax Bill Review, Part 1

I have some good news and some bad news. The good news is a certain unnamed accountant will do rather well over the next several years with the new tax code. The bad news is you will not. The current tax bill on the verge of becoming law will make an experienced tax professional more…

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5 Things Wealthy People Demand of Their Investment Advisor

  Thirty plus years in the tax field has exposed me to the good, bad and downright vulgar. In the early 1990s I was a top producer at a broker/dealer for several years before refocusing on the accounting end of my practice. Before I left the industry changes were underway. Fee-based asset management was gaining…

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Dangerous Bloggers

Who is the most dangerous blogger on the internet today? This is a serious question. Think about it for a while. What characteristics would cause a blogger to become dangerous? To start, the blogger would need an audience to be dangerous. A blog with a modest, but fast growing, audience would have an increasing influence…

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7 Questions Rich People Ask Their Accountant

A year ago I started tracking the questions clients asked me. Clients were put into three categories: those with income below $50,000; those with income over $400,000; and everyone else in between in the final category. Obsessive-compulsive disorder isn’t the reason for my behavior. I noticed questions frequently were based upon wealth. I needed to…

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Inflection Point

The past week has been an interesting one around the Wealthy Accountant world and all I can think of to explain it is. . . Put up or shut up. The best way to tell this story is to go back to the beginning. Long time readers know I opened shop without knowing I opened…

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The Ultimate Credit Card Rewards Hack

Living your dream vacation is easier than ever with credit card rewards. A litany of cards offer massive miles, hotel rooms or cash for spending a certain amount within a short period of time. And there’s the rub. How can the average person spend $3,000 and more to get bonuses of 50,000 points and up…

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