Roth Solo 401(k) Makes More Sense Than Ever
Lower tax rates under the new income tax law, combined with the likelihood of higher tax rates in the future, support a Roth solo 401(k) contribution strategy. Continue Reading
The Interest Deduction is Dying a Slow Death
The Tax Cuts and Jobs Act of 2017 contains numerous changes that affect income tax planning and preparation for 2018 through 2025 after which most of the provisions expire. Two of the more significant changes are a reduction in the amount of principal on which residential mortgage interest can be deducted and the elimination of… Continue Reading
5 Self-Employed Income Tax Deductions You Don’t Want to Miss
There are five deductions available to self-employed individuals, including a brand new one in 2018, that can result in substantial income tax savings. Continue Reading
Leverage Your Assets for Retirement
When you buy a house, typical financing is a mortgage equal to 80% of the purchase price. This enables you to purchase a much more expensive home than you would otherwise be able to do without the mortgage. The goal is to increase your equity in the property over time through a combination of paying down the mortgage and appreciation. Continue Reading
Retain Your Gains with Fixed Index Annuities
Some nerves were recently rattled when the Dow Jones Industrial Average (DJIA) declined 2,052 points, or 7.6%, in six trading sessions, going from a high of 26,952 on October 3rd to a low of 24,900 on October 11th. The loss increased to 2,830 points, or 10.5%, when the DJIA hit a low of 24,122 yesterday… Continue Reading
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