If we tax what we want less of, then it would appear that we want people to stop working and retire as soon as possible. One little understood effect of our tax system is that it redistributes income from workers to retirees.
Phil Demuth, author of "The Affluent Investor", joins us today to identify the best tax-reducing tactics that will make the most impact on your portfolio.
Today we discuss self-employment taxes, term life insurance, paying off debt vs investing, self-directed IRAs, mutual funds vs ETFs and lots more.
Today we discuss how to claim the foreign tax credit, physician mortgages, setting up a practice retirement plan, Able accounts, and listener questions.
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.
Those who suggest doctors in their peak earnings years should make Roth 401(k) contributions, do Roth conversions, or worse, avoid tax-deferred accounts altogether are either ignorant or selling something.
The 199a deduction can be complicated. Here are a few scenarios to help determine the best plan for your retirement savings (401k) and lower tax rates.
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.