An effective tax strategy to minimize the taxes you pay is a critical component to anyone’s overall financial plan.

Retirees Should Invest In A Fixed Indexed Annuity 

As people get close to their retirement years, objectives and goals must adjust from accumulation to income distribution, and portfolio investment risk must be also be addressed accordingly. There is no good reason for investors at or near retirement to have stock or bond market risk, especially in the current low-interest-rate environment. So, where can [...]

Should You Have Debt In Retirement?

"In a perfect world, you would enter retirement with your home paid off, $2million in savings, and not a penny in debt. Unfortunately, our world is far from perfect."-Donna McElroy Most financial planners urge their clients to eliminate as much debt as possible before they retire. While this is indeed a sensible approach to avoid [...]

What Do You Do When Your 401k/IRA Balance Hits Zero?

Most people over 50 years old are aware of the penalty for withdrawing money from their retirement plans (401k or IRA) before age 59 ½. By doing so, the IRS would levy a 10% penalty for early withdrawal against the account holder. However, many of these same retirees and pre-retirees are unaware that at age [...]

Will President Biden’s Capital Gains Tax Increase Mean You Should Head For The Exit?

"As a new administration shifts into high gear, many people think about how Biden's tax reform proposals will affect them. People nearing retirement age and attempting to play "catch-up" with their savings are especially concerned about imminent tax increases' impact on their retirement planning."- Jerry Yu. For as long as taxes have been around, they [...]

By |2021-07-05T16:39:33+00:00April 13th, 2021|Retirement Planning, Taxes|

3 Overlooked Tax Reductions That Will Shock You

Make sure you do not forget these tax deductions.   There are the standard tax reductions every taxpayer knows about, but there are three others few realize that they can deduct to reduce their taxes. Plus a bonus! Volunteer work donations Many American volunteer their time and services to nonprofit organizations instead of making financial [...]

By |2021-07-20T22:31:37+00:00April 3rd, 2021|Taxes|

Will The Future Be Surviving A Financial Armageddon?

"Will the future be surviving a financial Armageddon? Big Stock Market increases of wild Market swings that keep you up at night?" - Ray Cessna There are times in your life that you will never forget!! Dates that you know exactly where you were and what you were doing. Would your grandfather say he was [...]

Using Premium Financed Life Insurance for Tax-Advantaged Income

The purpose of a life insurance policy is to protect and preserve your assets and income in case you or your family suffer a loss (i.e., lose your income, loss of a family member’s income, the inability to work, or other reasons). But did you know that you may be able to use a life [...]

The U.S. Debt Gone Mad!

If you know the truth about America's finances, it should make you mad! Consider that One-fifth of all United States dollars ever printed has entered existence within the past year. A WHOPPING 20% of our new money supply printed within the past year! This craziness has led the Federal Reserve to expand the US balance [...]

Mistakes Government Employees Must Avoid If They Plan On Retiring In 2021-2022

“If you are a federal or state employee planning to retire in the next year, you should waste zero time planning your exit.”- George Politarhos If you are like most federal employees under the Federal Employees Retirement System (FERS), you have numerous things to consider. Many Federal, State, and local employee programs complicate retirement planning [...]

Some Key Points Of President Biden’s Tax Plan

"By focusing on low and middle-income earners, Joe Biden hopes to stimulate a pandemic-ravaged economy. The impact could be significant for higher net worth individuals and corporations."- Jerry Yu. Now that both the House and Senate are in the hands of Democrats, it is likely that President will get more of his tax proposals through [...]