Recent tax reform made many changes, mostly in the form of capping or limiting deductions. BUT, the trade-off is the standard deduction nearly doubled
Smart people know what they don’t know. So you don’t want to be a know-it-all.
Smarter people surround themselves with people who are smarter than them. If you’re the smartest person in the room, you’re in the wrong room.
The smartest people know the right people to surround themselves with.
#SimpleMoneyWins #podcast on iTunes https://goo.gl/J5RmVj
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(1) Assume it’s income. If any doubt, assume it’s income. Examples: Lottery, gambling, contest prizes; (2) Don’t miss any 1099s. IRS tracks these automatically. Follow up to get them all; (3) Don’t ignore the IRS…
Robin’s was survived by his third spouse (Susan) and 3 adult kids from prior marriages. Robin planned well, because he knew the cost of legal battles. His divorces cost him ~$20 million…
(1) Deduction for home mortgage interest. Mortgage must be less than $750,000. Includes HELOCs; (2) Deduction for property taxes…
(1) When the Executor Fails to Preserve the Value of the Estate, (2) When the Executor Appears Biased, (3) When a Beneficiary Steals Estate Items, (4) When Siblings at Odds Inherit a Piece of Property Together, (5) When Co-Executors Disagree on How the Estate Should Be Administered
(1) Former pension and retirement plans, (2) Life insurance policies, (3) Federal tax returns, (4) State departments of taxation…
In this episode, Anthony welcomes Jason Lee, a financial planner extraordinaire who helps people in retirement and other financial plannings. Jason joins Anthony today to explain what retirement plans are and their benefits to you — including the 401K, the IRA, and the Roth IRA. Listen as they talk about every bit of information you need to know about your retirement plan, how you can maximize them, and what strategies you can do in using your benefits.
Summary: (1) Update your health care docs; (2) Change your power of attorney; (3) Check if some things can’t be changed; (4) Update your will…
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Prior results do not guarantee a similar outcome