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 Retire Without A Retirement Plan
People automatically think about retirement plans when they try to figure out how to retire . That’s because when it comes to having enough money to retire, the tax deductibility of qualified plans provides a significant boost to investment returns. But some of your best retirement assets may be investments that aren’t tax deferred in […]
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 […]
19 Great Jobs for Seniors – And How To Get Them
Finding good jobs for seniors is a hot topic. Retirement historically has meant developing income streams from multiple sources. Until recently, that’s meant Social Security, income from retirement assets (IRA’s, 401K’s, etc) and a company provided pension. In recent years, the pension part of that triad has faded into history, and many are making up […]
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, […]