Tax preparation versus tax planning
In this week’s Dollars and Sense segment, we talk about the difference in tax planning versus tax preparation. Regarding tax preparation, we are looking at what has already happened and because of that, there’s a limit on how effective we can be with minimizing those taxes. Tax planning, however, is completely different and can be […]
How Can You Protect Your Assets in an Unsafe World?
On this week’s Dollars and Sense, we talk about how you can hedge against your investment risk and protect your assets in an unsafe world. The reality is, we live in a challenging investment climate with stocks and bonds both expensive. We want to have good growth potential, but not put ourselves in the position […]
Tax Considerations of Owning Real Estate
On this week’s Dollars and Sense segment, Jim talks about the tax considerations of owning real estate property or highly appreciated assets. If you have depreciated property, are you aware of tax considerations and opportunities for long-term capital gains? Do you know what happens when you pass away? Jim discusses community property trusts, how they […]
How should you handle your investments when stocks and bonds are expensive?
Creating a successful retirement income plan can be tricky. However, if you structure income properly, are more diverse with your investments and build in secure income along the way, most people can achieve financial success in retirement.