If you want to lower your taxes (and who doesn’t?) income shifting is a smart financial tax planning strategy you might consider using. This is an important concept and one which will be increasing valuable to you if tax rates rise in the future. What is income shifting? This is a simple technique that moves […]
How to Make Smarter Financial Decisions
All your decisions are actually financial decisions . That’s because every decision you make has some financial aspect to it. Can you think of any decision that is devoid of financial fallout? I can’t. We talk a lot about what to do when it comes to money, but we rarely examine the decision making process […]
What is Portfolio Income?
A few days ago a reader asked me what portfolio income is. I love this question. At it’s basic level this is the income you derive from your portfolio. Pretty straight forward so far but let’s go deeper. Together, we’ll look at what this really is (and how to increase portfolio income too.) In order […]
Why You Should Fire Yourself
In contrast to the almost universal cry to “never give up” I believe it is more important to learn to take “no” for an answer and just fire yourself sometimes. Those are the times when you should not give yourself another chance. Where you throw in the towel and look for something else to do, […]
Do You Have A Financially Compatible Relationship?
My guess is that you place a high value of understanding everything you can about finance. But what good is having great financial skills if the person you spend your life with is on another financial planet and you don’t have a financially compatible relationship? Not much. No matter how smart you are, if your […]
How to Increase Withdrawal Rates by 20%
At some point (if you haven’t already reached it) you’re going to want to tap into your nest egg. Of course the big question is what are safe withdrawal rates? In other words, how much money can you take out of your portfolio without depleting it too quickly? The conventional wisdom is that you can […]