2019 Tax Planning and Support Tools Available

Posted Leave a commentPosted in Financial Planning, IRS, Tax Planning, Taxes

Through our 2019 license agreement with CFS Software, we offer a large number of support forms and estimated tax calculators. If you would benefit from a demonstration of the powers of any of these functions or planning calculations, please let us know. General Utilities and Retirement Calculations: 5 Year Federal/State Tax Planner After-Tax Loan Refinance […]

How to handle the 2019 stock market crash

Posted Leave a commentPosted in aquaculture, Financial Planning, Investment

Update: This article was updated to reflect the news that for or the 90 days of fall (9/21 – 12/21) the S&P 500 was down 17.5%. The market correction happened sooner than I expected. The advice I’ve dispensed for the past 30 years since leaving my early career on Wall Street is timeless, except for […]

Turmoil in cyber currency and beyond

Posted Leave a commentPosted in Financial Planning, Investment

Bitcoin has lost 80% of its value since I wrote this pessimistic prediction “Turned Sour on Bitcoin” a year ago. Last week the cyber currency market dropped $700 Billion. Of course this does not happen in a bubble. The overall stock market appears to have peaked and may be entering an extended bear market. Real estate […]

Why are so many paying higher income taxes this year?

Posted Leave a commentPosted in Financial Planning, News and Politics, Tax Planning

65% of taxpayers will pay less federal income tax in 2018. Only 6.5% will pay more (1). This isn’t news. We’ve known for months and had reliable sources of data to back this up. The problem is that many of the people in this 6.5% don’t seem to know. That means that they did they […]

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 […]

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 […]

Sample small matters, financial planning and tax services engagement agreement

Posted 1 CommentPosted in Accounting, Financial Planning, Taxes

This is a sample high-value agreement for ‘piecemeal’ or small matter individual and small business financial, accounting and tax services performed outside of an agreement for comprehensive or ongoing services. The agreement incorporates cost-saving technologies and procedures to save time and money while maintaining a high level of professional service (revised April 4, 2019).  Contents: […]

Fast Facts about the US economy

Posted Leave a commentPosted in Financial Planning, News and Politics, Taxes

A few rich politicians are touting the “miracle economy” and unfortunately this propaganda is effective in fooling some people. Here is the real story for average Americans: REAL EARNINGS ARE GOING DOWN FOR MOST PEOPLE. We earn less than we used to when measured as purchasing power. We’ve had the greatest drop in real wages […]