You want to enjoy the tax-free growth of a Roth IRA, but your income level makes you ineligible. A backdoor Roth could be the solution.
Tax Strategies
How to Become Your Own Capital Gains Calculator
You can be your own capital gains calculator to prepare for your tax bill. Read on for how to calculate and minimize capital gains taxes.
Inflation, Deflation, Bailouts & Tax Increases! What Should We Expect?
What is happening is unprecedented! Two multi-trillion-dollar bailout packages in less than a year and a third in the works. The Charlotte Business Journal reports: “In the past few years, we have experienced three major tax and financial changes that we typically only expect once a decade. …. This year, we are expecting another major bill […]
What Happens When All Our Wealth Is Gone?
When I was dating my wife Jo, her 10-year-old daughter Holly learned I was a glutton for chocolate chip cookies. This adorable little lady grinned, loaded in the chocolate chips and baked an entire batch by herself. As she put the cookies on the cooling rack, I began to devour them. They were soft, moist […]
A Convenient Way to Avoid Paying Taxes on Reinvested Dividends
If you live in a state with a high income tax rate, the extra taxes need to be considered. One of the reasons I chose to in Nevada when returning from South America – besides the beautiful outdoors – is no state income taxes. The area in which I live is booming as Californians run […]
Here’s Why Presidential Candidate Joe Biden’s Tax Plan is Good for REITs
If Vice President Joe Biden is elected President, his tax plan to increase federal government revenue by $3.0 trillion relies heavily on higher corporate income tax collections. If the plan goes into effect, the higher corporate taxes could give a lift to the stocks of companies that, by law, do not pay corporate income taxes. […]
Election Investing: How To Profit From a Possible Higher Corporate Income Tax Rate
No matter which side you favor in the upcoming U.S. Presidential election, once the results are finalized, we will live with the outcome for the next four years, at a minimum. For investors, one change to consider is Joe Biden’s plan to increase the corporate income tax rate significantly. A Biden win should provide a […]
Why You Probably Fear Running Out of Money More Than You Fear Death
I’ve had it with the virus panic, riots, looting, property destruction and grandstanding politicians. A poor guy in Minneapolis tried to pass $20 in funny money and ended up dead. His $20 is pale in comparison to the trillions in funny money authorized by Congress and created by the Fed to bail out a corrupt […]
3 Tax-Advantaged Dividend Stocks That Take the Sting Out of Tax Day
It’s Federal income tax filing day. It’s a stressful day for many people. Investors get the added bonus of paying extra taxes on their investment gains, interest and dividend income. Investors and financial advisors can get fixated on reducing taxes, because no one likes to write a check to the IRS. I want to burst […]
What Should Investors Expect In 2019
With our current political climate, the EU punishing Britain for Brexit, tariffs, trade wars, the Fed raising rates, record government deficits and whatever hysteria the media can create – the crystal ball is full of clutter. How should investors approach 2019? We’ve assembled a terrific group of highly regarded experts with excellent track records. Readers […]
