$100,000,000,000,000 (Wealth Inequity in America)

Posted on 1 CommentPosted in Financial Planning, Investment, News and Politics, Wealth Management

One hundred trillion dollars. That’s the total net worth of all Americans in 2017*.  It’s a staggering number. For practical discussion purposes, we might say that figure is the net worth of rich Americans. The top 160,000 households (one tenth of one percent) control a quarter of this wealth.  About half of all this U.S. wealth […]

Vanguard makes investment decisions easy

Posted on 1 CommentPosted in Financial Planning, Investment, Retirement

I used to make a living as a Registered Investment Adviser and worked with Vanguard Group and other investment management firms. Now I provide generic standardized advice on investments when appropriate in the course of other accounting and financial planning services. My work now does not require a separate government registration as an investment adviser. Why […]

Add impact to ‘Not My President’s Day’

Posted on Leave a commentPosted in Ethics, Financial Planning, Tax Planning, Values

Resolve today to take a strong personal stance to avoid paying federal income taxes. Just make sure to do it safely and legally! On this historic “Not My President’s Day” I am reminded that civil protest has its limitations. Don’t get me wrong; I strongly support and encourage civil protest. Consider the old folk song “Charlie […]

My 2017-2018 economic and political forecast

Posted on Leave a commentPosted in Financial Planning, Investment, News and Politics, Small Business

“It’s still the economy, stupid” My fundamental forecasting premise is that the current federal administration’s fate and effectiveness in this divided country ultimately lies in the direction of the economy. Given the basic current macroeconomic factors: high stock market low interest rates high level of entitlements, and the low level of unemployment, I conclude that current […]

Support for Turbotax users

Posted on Leave a commentPosted in Accounting, Financial Planning, self-employed, Tax Planning, Taxes

For many years I’ve promoted the concept that most people should be able to file their own tax return without outside help. In cases where the taxes are based on salaried income, investment income and other well-documented sources, it makes sense to file your own taxes online and the process can be completed in less time […]

Sad end to the ‘realness’

Posted on 1 CommentPosted in education, Employee Benefits, Financial Planning

OnlineAdviser and OnlineNavigator services end public access for incoming call telephone support. Unscheduled telephone calls will no longer be accepted due to a share rise in scam attempts. Perhaps the most significant career contribution I’ve made to the business world is the establishment of OnlineAdviser and OnlineNavigator nonprofit services that have addressed tens of thousands of consumer […]

The short list of legal income tax avoidance tools

Posted on 2 CommentsPosted in Financial Planning, Tax Planning

Most of the legal tax saving strategies used successfully by individual taxpayers in the U.S. stem from just 12 tactics. These are frequently observed in tax practice and confirmed by the IRS1 as the most expensive to the government. All of these avoid federal income tax: Earnings of nonprofit business organizations Qualified employee benefits Deferred compensation […]