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How to Spend Your Retirement Nest Egg and Leave it to Heirs

Have Your Cake and Eat it Too With your financial legacy it's possible, but it takes planning. Life insurance is truly the asset of love. I say that because of the dual purposes it serves. Temporary or term insurance is true insurance, you…
get rich
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10 Ways to Grow Your Net Worth in 2019

Getting Rich! Now is the time to get serious about growing your net worth. Putting yourself ahead of all the vendors that are getting your hard earned money. Be self reliant! Get started today. Pick the ones you like and the more you choose…
retirement and college planning
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Mortgage Payment is a Retirement Killer

Will your retirement be put off because you still have mortgage payments to make?   For millions of Baby Boomers, they cannot afford to stop working until their mortgage is paid off or they decide to downsize. I spend many of my days…
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How to Buy Booming Bitcoin, Should You?

                  Bitcoin Mania is Here! In the past few days, several people have asked me "what's this Bitcoin that everybody seems to be talking about?"  And "Do you think I should invest in Bitcoin?" These are people that NEVER…
cut taxes
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Tax Saving! 8 Places to Invest, to Minimize Owing Taxes

Why I Dislike Taxes and How I Minimize What I Owe  I want less government in my life and I will do everything I legally can to give Uncle Sam as little of my hard earned money as possible.  If you want more government intervention in your…
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How to Inspire Your Child to Grow Serious Wealth!

Wealthy habits are learned. From an early age kids figure out what money is (a medium of exchange), and are seemingly always asking their parents for more. Out of love, parents these days (my hand is raised) usually spoil their children way…
retire or work
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When Will You Be Able To Retire?

When will You have Enough Money To Retire? Brief History Lesson: The term “retirement” came to be recognized when the Social Security Act of 1935 allowed people to quit work and collect a tax funded paycheck when/if they reached the age…
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How to Avoid Disastrous RMD Penalties

How to Avoid a HUGE Penalty from Missing the Required Minimum Distributions (RMD) from IRA. Failure to withdraw an RMD by the deadline results in one of the most onerous penalties in the tax code! 50%. That's right! If you were supposed to…
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Why Cash is Secret to Foundation of Financial Success

I often borrow a phrase  "Big Hat No Cattle" from a book called The Millionaire Next Door and it's That means you live an affluent lifestyle, but have very little money saved compared to what you've earned. I would like to suggest it starts…
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How Chasing Possessions is Dangerous to Your Wealth

The Big Lie is that creating a higher standard of living (over spending) leads to a higher quality of life. Having more money or nicer things allows you to pay for nicer things and borrow more money, but doesn't mean you will have a better…
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Tax-Advantaged Investment Opportunities

It's not what you make, but what you keep that counts! Consider the strategies I have been using for years to minimize my taxable income. I'm overwhelmed by all the tax I pay (income, real estate, sales, etc.) so I try not add to my tax burden…
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Make 2019 the Year of Good Habits

Habits are the center of our daily existence.  90% of what we do everyday is habit based. How you start your day, your visit to your computer, IPad or cell phone, exercise or not, what or where you like to eat, how you relate to people and…
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No Will Needed - Beneficiary Updates are Critical

Most of your assets will never pass on through your will (assuming you have one).  IRA's, 401k's, life insurance and annuities all have direct beneficiaries that were recorded when you first signed up for them.  For many of those assets, that…