Based on my personal and business experience over the last couple of decades it’s clear that helping other people is crucial for success. And by success, I mean personal and financial success. Unfortunately, I grew up thinking that only chumps focus on other people. I’m not proud of this — but it’s true. If […]
Investing for Income – 5 Tactics to Combat Low Interest Rates
If you are trying to invest for income, you have to be frustrated by persistent low interest rates. This is especially difficult if you are retired or are planning on retiring now. If you’re very lucky, you might get 1.25% for a CD. After inflation and taxes, you’re losing money of course. But you’d still […]
How To Take Larger Income Withdrawals Without Going Broke
Let’s say your main objective is to maximize retirement income and you aren’t concerned about leaving a ton of money for the kids. That being the case, you might take out more than you otherwise would, but you still have to be careful not to go through your nest egg too quickly. How do you […]
Home-Based Business Insurance – What Coverage Do You Need?
If you are in business for yourself and don’t have the right home-based business insurance coverage, you could face huge risks. I don’t care if your company is an LLC, Professional LLC, C or S Corp or Sole Proprietor. Home-based business owners owe it to themselves and their families to have the right insurance. And […]
How Income Tax Payment Plans Work
In a few short days, April 15th will be here and the IRS will expect you to fork over what you owe them. If you don’t have the money to make the tax goons happy, don’t’ worry about it. File your return and set up a payment plan. It’s easy to do and can save […]
Avoid These Tax Penalties For Late Filing
Nobody likes paying taxes. But try not paying or paying late and see how you like it. The penalties and interest you get hit with make Don Corleone look like Snow White. First let’s look at what happens if you file but don’t pay. In this case, you’ll start racking up .5% per month penalty […]