So you want to know how to save on taxes?
I understand how you feel. In fact, it's been my mission for years to help my clients and myself save on taxes. Read on to find out how to pay as little as legally possible.
The reason for my interest in saving on taxes: I've been there myself. ... Views: 801
A private family foundation can have many benefits. And yes, the tax savings can be substantial and are probably at the top of your list. Yet there is an even more important issue you must consider before making the decision to start your own. Read on to discover how to make your foundation ... Views: 713
Are you ready to set up a business? You may be wondering what your options are. Read on to find out more about where you might want to set up your business structure.
When you're planning to start a business, you could take the least formal route and just set it up locally as a sole ... Views: 930
You know what a private foundation is, but what in the world is a supporting organization? And how do they relate to each other? Read on to find out.
First of all, the biggest difference is that while private foundations are, by definition, private, supporting organizations are public ... Views: 1039
It can be challenging to integrate vision and values into strategic planning. But it's also very rewarding. In a previous article, I described an example where "Dave" started a foundation to successfully integrate his values while resolving a major financial challenge. Read on to discover the ... Views: 668
Are you affected by the alternative minimum tax? Or worried you might be? You have reason to be concerned. Few of the government's changes to the tax system have had a more adverse effect or have caused as much anger and frustration as the alternative minimum tax (AMT). But you don't have to be ... Views: 921
Are your children headed for college and you're still wondering how to pay for it? Here's one key aspect in the planning process you've probably not heard about yet: You need to learn the rules of the college funding game. They go far beyond "saving up" for it.
Here's what you should know: ... Views: 889
How will you pay for your children's college education? The price tag has been rising year after year, making it more and more challenging to come up with the funds. And the kinds of planning mistakes most people make in the process don't help. Read on for the most common mistake -- which is ... Views: 714
Are you paying too much in taxes? In the first two parts of this series, we addressed the need to have your own business and how that helps reduce your taxes, often dramatically. Read on for more details on how to make sure this system works the way it's supposed to.
First of all, it's ... Views: 704
Could you use more tax deductions? How about a lot more tax deductions? Read on to find out what it takes to maximize your tax savings -- legitimately -- so you too can live on pretax dollars in a post-tax world.
The first step you'll have to take is start a business. Your business is ... Views: 773
Are you an employee -- and do you get a W-2 form? If you do, you're in big trouble, at least financially. Read on to discover why that is and what you can do about it.
Here's the reason why being an employee is not a good place to be in when it comes to finances: It's because of what ... Views: 716
It can be challenging to integrate vision and values into strategic planning. But it's also very rewarding. In a previous article, I described an example where "Dave" started a foundation to successfully integrate his values while resolving a major financial challenge. Read on to discover the ... Views: 934
Your kids are headed towards college. How will you pay for it all? You're losing sleep over that question. You're not rich by any stretch of the imagination, but you think you have far too much money to qualify for financial aid. Here's a tip: that assumption can cost you big-time.
Not ... Views: 1086
How do you bridge the chasm between the personal and the professional? It may be challenging, but the results definitely make it worth the effort. In fact, one thing that has never ceased to amaze me is how powerful financial or business planning can become when it is integrated with one's ... Views: 751
Financial or business planning is at its most powerful when it is well integrated with one's personal goals. And the ideal way to accomplish such an integration, at least for people with some degree of wealth, is starting a private foundation. Read on about why that is so, and how to go about it ... Views: 1262
Are you actively planning and managing your wealth? Or do you go through life on autopilot? Most people get up in the morning, go to work, come home, eat, get an hour (or more) of TV, go to bed, and then get up the next day and do it all over again. They know there's more to life, but they ... Views: 800
Did your tax bill go up dramatically this year, courtesy of the alternative minimum tax (AMT)? You're not alone. Every year, this happens to more and more people. That's because the single exemption allowed in the AMT has not kept pace with inflation. Read on for some things you can do to reduce ... Views: 915
Are you thinking about setting up a private foundation? It can be a wise decision - if it is done correctly, and for the right reasons. Read on for 5 key points you should be aware of before taking the big step.
1. What is important to you?
First, you should identify what is really ... Views: 1118