Americans are Going Broke

Americans are going broke; they just don’t know it yet. Even though the government says we are not in a recession, everybody knows something is off. With wars & protests around the world, rising inflation, and the depressed real estate economy, all you have to do is look around and you’ll see there’s enough evidence […]

2024 Tax Brackets

Last week the IRS released the amounts for tax brackets and standard deduction for 2024. Due to inflation, the brackets increase 5.4% over last year. 2024 Tax Brackets – Individuals IRS Tax Brackets – Individuals Tax Rate (%) 2024 Tax Brackets 2023 Tax Brackets 10% Up to $11,600 Up to $11,000 12% $11,600 to $47,150 […]

Compound Interest

You’ve probably heard of compound interest but might not be sure how it works. You’ve been told that it’s important but may not know why. One of the smartest people that ever existed, Albert Einstein, once said “Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn’t…pays it.” […]

IRS Tax Brackets for 2023

Last week the IRS released the amounts for tax brackets and standard deduction for 2022. They said due to the high amount of inflation, the brackets increase much more than normal. Unless you’ve been living under a rock, 2022 has had the biggest bout of inflation since the 70s. Due to the high inflation, the […]

What Trusts Should You Trust?

This is the third article in my series about Trusts. In my first two articles about trusts we covered the basics of Trusts, “We’re All Going to Die, But Your Money Doesn’t Have To,” and the difference between Wills and Probate, “Wills – What You Never, Ever Want to Do!” If you haven’t read those […]

The IRS is coming for your Crypto

The IRS is coming for your Crypto, what you need to know!  Last week the Department of Treasury released “proposed regulations” regarding how you need to report your Crypto transactions. Let’s not kid ourselves, we all knew this day was coming. It was not a matter of “if”, but “when” the IRS would want your […]

Apocalypse Now? Read these books and decide for yourself

It used to be that, when Americans got an economic cold, the rest of the world got an economic fever. No anymore. Today, people worry, what if China gets and economic cold, are the rest of us screwed? Is the apocalypse nigh, then, or is there a way out? You’re thinking: How do I prepare […]

Wills – What You Never, Ever Want to Do!

This is the second article in my series about Trusts. In my last article, “We’re All Going to Die, But Your Money Doesn’t Have To” we covered the basics of Trusts. If you haven’t read it yet, you’ll want to read that first. Today, I’m going to go over Wills and Probate, which, as the […]

Should You Buy or Lease a Car?

You’re getting ready to get a new car, but you’re wondering if it’s better to buy or lease one–and which will save me the most, tax-wise. I get this question every year and I’m here to tell you what the car dealers don’t want you to know, and which is better for your pocketbook. How […]

We’re All Going to Die, But Your Money Doesn’t Have To

Even though we don’t talk about it, we all know that, someday, our time will run out. When your time does come, you’ll have stuff to pass on to your loved ones. You’re probably thinking that your kids and wife (and ex-wife and your other kids), are all going to play nice and follow your […]