Many of the tax breaks we’ve all been enjoying for almost a decade are set to expire at the end of the year. That’s the bad news. Worse: some of my clients will likely owe Uncle Sam more money next year — unless they do something about it. This is particularly true if you’re in […]
Where do you begin with tax planning?
Some find tax planning fun, others hate it. What is the practical way to start tax planning.
Financial Independence 3: Realistic Numbers
Now is where the rubber meets the road in financial planning!
The Power of Specialized Knowledge
Be careful on whether you want to prepare your own tax returns.
If you are serious about your financial future, you should know the answers to these four questions.
Without knowing the answers to these four questions, your financial future is in jeopardy!
Well, in case you haven’t heard, there are a few tax breaks which are set to expire on January 1, 2013 — and by a “few”, I mean loads of them. The government currently estimates that these tax increases will add 19% more revenue to their coffers at current economic output levels. So, do […]
I’ve recommended before that couples who are ultimately planning on one person staying home with children, start running their finances and their budget that way from the beginning. That’s simply the best way to be prepared for what is to come. I’ve also pointed out that one of the best times to save is before […]
When I started university, I was a little nervous about what was about to transpire. Honestly, I thought I might be biting off more than I could chew. I should have known that I had little to worry about. But there are a few things I wish I had known — or at least thought […]
We wrote last time about the different life stages we go through, and how it affects our finances. It’s based on the work of Nobel-Prize-winning MIT Professor, Franco Modigliani, who separated our financial life into four distinct phases: 1. Before having children there is often a surplus of income. 2. While raising and educating children, […]
Back in 1985, Franco Modigliani won the Nobel Prize for Economics by observing (from his perch at MIT) the simple technique that squirrels know intuitively from birth. You have to squirrel away some nuts during times of plenty so you can survive during times of scarcity. In doing so, Prof. Modigliani looked at the income […]
A thoughtful estate plan can make your heirs’ lives easier. But it is your parents‘ estate planning that will make your life easier. Not every family has fostered the ability to speak openly in love–I’ve written about that necessity in the past. But if you have begun that process, here is an outline of […]