Tax Saving Strategies for High Income Earners
Yes, the rich do take advantage of their knowledge of the tax code to pay less in taxes. But six of their seven techniques are available to everyone.
Yes, the rich do take advantage of their knowledge of the tax code to pay less in taxes. But six of their seven techniques are available to everyone.
Qualify for the new pass-thru business (199A) deduction? You may have a new reason to use the Mega Backdoor Roth IRA for big tax protection.
Just how difficult is it for a physician to build wealth while living in California? Here are 12 reasons the economic costs may be too high to call it home.
Section 199a may be your largest tax deduction, but it can make retirement savings complicated. Know your options if QBI applies to your business.
HSAs have superior tax protection features compared to any other investing account. If you're using an HDHP be sure to make an HSA a priority each year.
When will you know if you are competent enough to manage your own personal finances? Here are 10 ways to determine if you are ready to be a DIY investor.
You've heard of the Millionaire Next Door. But have you heard of the Rich Doctor Across the Hall? She's heard of you, and she's not impressed.
Tax-loss harvesting is when Uncle Sam shares your losses with you. You only get to do it in a taxable account, but because of it, there is no reason to ever carry a loss in a taxable account.
Saving up for luxuries is an important financial habit to get into. Boats, ATV's, horses, airplanes, expensive cars... if you take up these luxuries before you are wealthy, they can prevent you from ever becoming wealthy.
There are a lot better things to do with your time than hunting down 0% credit deals. Once quantified, they just look like clipping coupons and take away from more meaningful pursuits.
Most of my portfolio is invested in index funds. I hope that's not news to you. Here are the reasons why.
Pediatrician salaries are the lowest in medicine but they still get paid enough to retire as multi-millionaires if they make smart financial decisions.
Dave Ramsey gives a lot of great advice. And a little bad advice. Know the difference!
Goal setting is hard work, but sticking with the program is even harder. That's probably why you're broke and I'm built like Donald Duck.
What do you do with the pennies your money earns between contribution and conversion to a backdoor Roth IRA? Not much.