2013 Tax Report and the New Obamacare Taxes
By Dr. James M. Dahle, WCI Founder I finished my taxes for the year. It seems I become "less successful" at keeping my taxes low each year. It's true what they say- the only thing worse than paying...
By Dr. James M. Dahle, WCI Founder I finished my taxes for the year. It seems I become "less successful" at keeping my taxes low each year. It's true what they say- the only thing worse than paying...
Nearly every educated financial advisor agrees that tax diversification is a great idea when planning for your distributions in retirement. Tax diversification means having some of your assets in tax...
An individual retirement ANNUITY is the ideal way to hold a SPIA purchased with tax-deferred money. You avoid a big tax bill and complex calculations.
This is the last article in our series on whole life insurance. This week we've learned how whole life works and that it isn't great insurance or a great investment. We also learned about the proble...
Today we continue our series on whole life insurance. This week we've learned how whole life works and that it isn't great insurance or a great investment. Yesterday we learned that whole life insur...
Today we continue our series on whole life insurance. On Monday we learned about the basics of whole life. Yesterday, we learned it isn't the best way to protect your pre-retirement income, that it...
In part 1 of this series, I discussed investing and tax issues and how they are different for a "high-income" doctor ($500K-$2M per year) versus a typical doctor ($150K-$400K per year.) In part 2, Mi...
The Federal Thrift Savings Plan (TSP) is the “401K” for military and other federally employed physicians. It is a great retirement plan, with minimal expenses (2-3 basis points total), and 5 great in...
By Dr. James M. Dahle, WCI Founder I realize this totally makes me a nerd, but I think I have a favorite tax break - Depreciation of rental property. Most tax breaks, like charitable contributions or...
[Editor's Note: This is a guest post from Jayson Mullin, a partner at a tax debt resolution company called Top Tax Defenders. We have no financial relationship.] As with other professions, tax deduc...
It's straightforward to get out of an investment in stocks but not so easy or straightforward when it comes to real estate. If you own real estate and REALLY need to get out, here are 7 ways to make it happen.
[Editor's Note: This is a guest post from Bill Pacquin, who describes himself as a patient care advocate and the CEO of a healthcare publisher called Vertical Health which produces Spine Universe and...
Q. I am trying to get some information regarding retirement withdrawal for myself and my parents. My parents are still working. They have a 401K and my dad will also have a pension. My wife and I ar...
For most of us, when we buy our first house, having a mortgage or not isn't really a decision we have to make. Few Americans, even high-income professionals, can afford to pay cash for a house. In f...
As regular readers know, I have a home-based business, this blog. This last year I had a significant amount of income from it, and I try to reduce my taxable income as much as possible by finding leg...