Many lawyers don’t even realize how many things can be considered charitable donations each year. Don’t miss out an opportunity to cut down your taxes with these tips.
You can either fight the tax code or learn it.
It’s easier to learn it.
If you want to retire with the most money, look at creating different accounts that will give you access to tax-free money, tax-deferred money and some taxable money. This will allow you to draw from all three types of accounts in retirement, keeping your taxable income low and ensuring you pay minimal taxes on your tax-deferred money.Read More
Looking to Outsource?
Sometimes life is too busy and you don’t want to do it all yourself. Over the years, many people have asked me to connect them with the “good guys” in the financial services industry. Below are people and companies that I’ve personally vetted (often meeting them in person). Know that they are paid advertisers on the site but that I routinely recommend them to friends and colleagues and would do so even if they weren’t advertisers.
Mark spent eight years in Biglaw before joining Morgan Stanley for financial planning and asset management advisory services.
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Latest posts in Taxes
Worried about rising school costs? Check out this 529 loophole to effectively save money on your education.
Getting married soon? Congratulations! Now let’s take a look at how this will effect your taxes.
Worried about accessing your money after you’ve put it away but before you’re ready to retire? Here is one way to circumvent that and put your mind at ease.
As the cost for college continues to skyrocket, don’t wait until your child is thinking about high school to start putting away for their college fund. Here are some reasons why saving in advance will work out to your advantage.
Many people can think deferring taxes now only to pay them later could cost you money in the long run. Here are my thoughts on why there are several advsantages to putting them off until a later date.
Taxes can take a chunk out of your finances and make it hard to keep growing your account. Take a look at my 2017 taxes and see how I started saving money a year in advance.
What is subjected to FICA taxes and what isn’t? I delve into the matter and see how you can avoid paying these taxes on certain contributions.
The world of personal finance can be daunting to jump into. Here are some key terms and phrases that can help you demystify the process.