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The Value of Collateral-Worthy Assets
The Value of “Collateral-Worthy” Assets When is a dollar more than a dollar, or an asset more than an asset? When you can borrow against it.
Read MoreThis Profitable Investment is IMMUNE to Market Fluctuations
The experts say that you’ve got to put your money on the Wall Street Wheel of Fortune and risk losing it if you want to have a chance of earning 8 – 12% growth over time. We think that’s ridiculous. My own risk tolerance is ZERO. I won’t do anything that I believe will cause…
Read MoreThe Value of Certainty
With millions of people getting ready for the Superbowl this weekend, there’s a lot of excitement and anticipation as to what is to come. One place you know will be busy is Vegas as the oddsmakers provide the opportunity to bet on just about anything related to the big game.
Read MoreThe Tax Deferral Trap
It’s commonly understood that the best place to save for retirement is within qualified plans such as a 401k or an IRA. Ask your CPA, and he or she will likely suggest the same given the promise of deferring taxes to later in life and allowing the money to compound over long periods of time.…
Read MoreThe Tax Code Can Be Your Friend
I am proud to be paying taxes in the United States. The only thing is I could be just as proud for half of the money. – Arthur Godfrey I’m sure most of you have had your tax return completed or are in the process of doing so. Depending on your situation, the latest “tax…
Read MoreThe Impact of Financial Mistakes
The Impact of Financial Mistakes “I think making mistakes and discovering them for yourself is of great value, but to have someone else to point out your mistakes is a shortcut of the process.”
Read MoreThe Hierarchy of Wealth
How strong is your financial foundation? “You can’t build a great building on a weak foundation. You must have a solid foundation if you’re going to have a strong superstructure.” Gordon B. Hinckley As it relates to our financial wealth, we must have a strong foundation to ensure our financial house doesn’t come crashing down…
Read MoreThe Best Way to Pay for a Car (or anything for that matter)
“You finance everything you buy – you either pay interest to someone else or give up interest you could have earned otherwise”. – R. Nelson Nash (author of Becoming your Own Banker) When the topic of personal finances is discussed, the typical focus is on earning a higher rate of return on an investment. However,…
Read MoreThe Family Bank Guide
This past weekend I was fortunate enough to visit my hometown in New Jersey and share quality time with my younger son. We also got to visit with my mother who is living in the area. It was so great to see her and bond with my son. Just like many Americans it’s been well…
Read MoreTaxes Are Still on Sale
With more and more Americans obtaining their vaccinations for the COVID virus and businesses starting to open up, there is a sense of optimism that we will soon get back to “normal” soon. Living in this pandemic has certainly highlighted how precious our freedoms are, and that they should not be taken for granted. With…
Read MoreTaxes are on sale – holidays
With frenzy of the holiday season in full swing, everyone is looking for the best deals. Who doesn’t like saving some cash? In 2012, Dr. Paul J. Zak, professor of Neuroeconomics at Claremont Graduate University led a study to learn how coupons impact people’s happiness, health, and stress. It was discovered that coupon recipients who…
Read MoreTax Proposals – Biden
Key Takeaways No one knows exactly what the new tax landscape will bring. But most rates will be going up—not down—for affluent, successful people. Just know there are still plenty of ways to ensure you remain on track to meet your financial and retirement goals.
Read MoreTax Code is Your Friend
“Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.” Benjamin Franklin With the extended deadline to file 2020 taxes now gone, it may have felt that the full year with focused on filing your taxes.
Read MoreTaking Stock Don’t Cash Out Just Because Everyone Says It’s a Great Time to Sell
Key Takeaways Tax rates are likely going up across the board in 2022. But don’t sell your stocks, bonds, home or even business just to beat higher capital gains rates. Real estate, commodities and precious metals tend to hold up well during inflationary times. Have you considered Whole Life insurance for your safe dollars?
Read MoreTake Control and Supercharge Your Wealth
Just like me, I suspect you also have the desire to feel in control of your money and wealth. You want to be able to feel confident you’re making the right financial decisions for yourself and your family, so you can lead a happy and prosperous life. We all want that. However, it may seem…
Read MoreTackle Retirement Risks
As difficult as it is to scale Mount Everest, coming back down from the world’s tallest peak is far more deadly based on various studies. Among climbers who died after scaling higher than 8,000 meters (26, 246 feet) above sea level, 56 percent succumbed on their descent from Everest’s 8,850-meter (29,000-foot) summit, and another 17…
Read MoreSTOP Chasing the Market and Start INVESTING
The ROI Illusion In our last email, we saw that professional money managers tend to under-perform the stock market as a whole, and individual investors historically do much worse than that!
Read MoreSecure the Financial Leaks Within Your Personal Economy Part 2
Ladies and gentlemen, the Captain has turned on the fasten seat belt sign. On my latest flight back to New York returning from an energizing training and conference, most of the flight was fairly calm and relaxing. I was able to catch-up on some reading, reflect on my recent trip, and plan what to implement…
Read MoreSecure the Financial Leaks Within Your Personal Economy
Secure the Financial Leaks Within Your Personal Economy For those on the East Coast, we had to endure a nasty nor’easter on Friday that wreaked havoc on mass transit and local airports and brought significant rainfall, whipping winds, and unfortunately, some deaths to the area.
Read MoreSave Before You Invest – Hierarchy of wealth
Key Takeaways Even well-educated, financial savvy professionals can find themselves short on liquid cash when life comes their way with the unexpected. Did you know your savings and retirement accounts contain plenty of hidden risks?
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