A fresh look at RMDs

Posted Leave a commentPosted in Financial Planning, Retirement, Tax Planning

Background Required Minimum Distributions (RMDs) are a common topic of focus in personal financial planning. This is nothing new. I first published this blog post titled “IRAs and the Retirement Income Myth” based on 2005 and 2006 data. The underlying big picture issue is the split in needs between the “haves” and “have-nots”: Relatively few […]

US Supreme Court’s Mount Lemmon Fire District case impact on small business employee benefits

Posted Leave a commentPosted in Employee Benefits, Small Business

The US Supreme Court decision issued last week in the case of  Mount Lemmon Fire District v. Guido et at. appears to have employee benefit implication to some small business. In general, federal employment laws and specifically employee benefit laws, include applicability provisions that often exempt small business employers or modify the compliance requirements. This case […]

Don’t forget about the 2019 health insurance tax penalty in New Jersey

Posted Leave a commentPosted in Health Insurance, New Jersey

December 15 is the enrollment deadline to avoid a potentially hefty tax penalty in 2019. For residents of most states, the federal tax penalty for not having health insurance disappears at the end of 2019.  This is known as the ‘individual mandate’. However, New Jersey residents are not off the hook. New Jersey residents are […]

The nation’s most shocking midterm election result: NJ2

Posted Leave a commentPosted in New Jersey, News and Politics, Off-Topic

I’m proud that our Money Island marina community has become a model of racial and cultural inclusion just a few miles from a south Jersey KKK stronghold. Yet tonight’s election result shows that we still have a long way to go before we stamp out discrimination from this community. The most shocking election result in […]

Invest Like a Venture Capitalist

Posted Leave a commentPosted in aquaculture, Banking, Crowdfunding, Farming, Financial Planning, Tax Planning

One of the most overlooked tax savings strategies is to avoid federal income taxes on large capital gains. Allowing investments to grow tax free over decades can result in tremendous growth in wealth and is one of the most reliable paths to a tax-free retirement. This tax-free capital gain tax strategy is employed by almost […]

In support of NJ Senate Bill 2293 “Securing Our Children’s Future Bond Act”

Posted Leave a commentPosted in Leadership, New Jersey, News and Politics, parenting, Taxes

I read two social media editorials by taxpayers encouraging voters to vote against Senate Bill 2293 known as the “Securing Our Children’s Future Bond Act“. This blog post is an editorial in support of the bill. My argument is broken down into a brief listing of the facts followed by four points of personal opinion. […]

How the new tax law affects NJ commercial fishing and aquaculture

Posted Leave a commentPosted in Uncategorized

New Jersey’s seafood producing companies that can generally be classified as growers or harvesters(1). The Tax Cuts and Jobs Act offers an opportunity for tax savings to all pass-through businesses, and we expect that many of our seafood producers will qualify for this 20% income exclusion provision. In addition, the new tax law contains a provision for […]

A fresh look at my history of online complaints

Posted Leave a commentPosted in Computers and Internet, Off-Topic, Social Media

I reviewed a total of about 20 complaints about my online material. None of these complaints involved tax publications. None were connected to offline activity. None of the complaints resulted in any finding of wrongdoing. I see no other pattern.   If I count the work I did as a teenager raising sweet corn and […]

Turn employee health expenses into tax savings

Posted Leave a commentPosted in Employee Benefits, Health Insurance, Tax Planning

Small business employers who do not offer an employee health plan are missing out on valuable tax savings. These small firms may be understandably nervous about offering employee health benefits. Less than half of small firms even try. We’ve heard about high costs of medical care and health insurance that rise year after year. This cab be […]