How Long Should I Keep Tax Records and Bank Statements?

Ever wonder how long you should hold onto your tax records and bank statements? In this article, I’m going to tell you what you need to know. Which documents should I keep? Any documents that have to do with your tax return you should keep. That includes the tax return, the workpapers, and depreciation schedules […]

Depression Coming? 5 Must Read Books

We all feel like something is off. They tell us the economy is doing great, but everyone knows better. Credit card debt is at an all-time high, inflation has run-a-muck, wars are going on all over the world. People are expecting some kind of shoe to drop but aren’t sure what. During recessions & depressions […]

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 […]

Do I Pay Taxes on Social Security?

A question that I get asked often is, “Do I have to pay taxes on Social Security?” According to your number #1 silent partner (the IRS): “maybe”. Depending on how much money you make determines if your social security gets taxed. When There’s No Tax on Social Security First things first, if the only income […]