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Friday, June 14, 2024

As we enter the traditional wedding month of June, we wanted to explore the range of expenses that can be related to this special event. The average US wedding costs $35,0001 According to The Knot Real Weddings Study of nearly 10,000...

Tuesday, June 4, 2024

Sir John Templeton once said, “The four most expensive words in investing are: ‘This time it’s different.'” And normally, we would agree. But the phrase “This time it’s different” may apply to what's happened in financial markets in...

Friday, April 12, 2024

Expecting a large sum of income, such as inheriting an IRA, proceeds from the sale of a business, or cashing out stock options? A Charitable Lead Trust can help you save on taxes. #personalfinance #retirement #money

Friday, February 16, 2024

Did you know you can contribute to your traditional Individual Retirement Account (IRA) or Roth IRA for tax year 2023 until April 15, 2024? If you haven’t done so already, you can contribute $6,500 per person. If you’re...

Wednesday, January 3, 2024

Most Southern California business owners in any five-year period can answer yes to at least one of these life event questions that would cause them to need to know what their company is worth. Are you contemplating the sale of your...

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Tuesday, December 19, 2023

Dear Santa, I feel like you put me on the naughty list every year. When I file my tax return you impose taxes on me that I don’t want to pay. It feels like tons of coal are being unfairly put into my very little stockings. I try...

Wednesday, December 13, 2023

If you’ve ever asked your financial advisor “How will this affect my taxes?” and gotten one of these responses, it may be a sign you need a new advisor.

Wednesday, November 29, 2023

Some do it often, while others hold on all year for that one great experience, perhaps around the upcoming holiday season, and live day by day until that magical start date on the calendar!  A new wave in our digital age,...

Wednesday, November 29, 2023

For those of us here in Orange County, California, winter can be seen as just a nice break from the heat. But, for a majority of the country that lives in the snow belt, November means batten down the hatches. The same is true for...

Tuesday, January 25, 2022

Thursday, January 6, 2022

Monday, October 25, 2021

Stocks rallied last week on a stream of positive corporate earnings surprises. The Dow Jones Industrial Average rose 1.08%, while the Standard & Poor’s 500 advanced 1.64%. The Nasdaq Composite index gained 1.29% for the week....

Friday, October 15, 2021

The Most Used Tax Planning Concept for November and December In October, as Halloween approaches, the fall wrap up begins around the house. Any remaining lawn chairs, storm windows and etcetera, all go into place ahead of the first...

Sunday, October 3, 2021

Are You Saving Enough to Cover These Retirement Expenses? When it comes to retirement planning, there is often a big discrepancy between how much money people think they need and how much they actually need. And so, year after year,...

Saturday, October 2, 2021

Traditional 401(k)s Vs Roth 401(k)s: Which One Is Right for Me? Planning for retirement may include choosing between traditional and Roth 401(k) plans. Unless you are a financial advisor or have spent a significant amount of time...

Friday, October 1, 2021

Reality Check: Why You Need to Talk to Your Child about Paying for College School is starting around the country, which means millions of young adults will be paying for college. And college isn’t cheap. According to Fidelity...

Friday, October 1, 2021

Nothing Up My Sleeve…Crypto! That’s a reference to an old cartoon where Bullwinkle the moose was about to do a magic trick and would push up his fur, as if it was a shirt, and say “nothing up my sleeves,...

Thursday, September 30, 2021

Procrastinators Alert! The real tax filing deadline is less than three weeks away (Christmas is less than 100 days away but that’s another blog)! There are many reasons people find themselves needing to delay their tax filing....

Tuesday, September 28, 2021

Why does the Fed buy bonds from the banking system? It is done to increase the money supply in public hands. The indirect effect of this bond-buying in the past 12 months has been equivalent to lowering of interest rates by 1%. Did...

Monday, September 27, 2021

Stocks prices were whipsawed last week, dragged initially lower by financial contagion worries and later lifted by a supportive Fed policy statement. The Dow Jones Industrial Average gained 0.62%, while the Standard & Poor’s 500...

Wednesday, September 22, 2021

Don’t Let Your Stockbroker Off the Hook When it Comes to Tax Planning Don’t let your stockbroker off the hook when it comes to tax planning. Many people work with brokers when they buy and sell stocks. Many people now,...

Wednesday, September 22, 2021

4 Ways to Potentially Maximize Your 401(k) Company Match The 401(k) company match is a powerful tool that may help you maximize your 401(k) retirement income – without contributing any additional money of your own. It’s...

Wednesday, September 22, 2021

The State of Retirement In America: How Do You Measure Up? Saving for retirement may be a personal endeavor, and there’s no one-size-fits-all strategy, but it’s important to understand where you measure up. Take a moment to...

Wednesday, September 22, 2021

Whether you regret not saving for retirement sooner or you wish you had more to set aside each year, it’s all too easy to get stressed when saving for retirement. The good news is, it doesn’t have to be this way. In fact, a...

Wednesday, September 22, 2021

Tax Armageddon on the Way? Every new president makes changes to the tax code, so why is this time so different? The short answer is because our “books” as a country have never been in worse shape, not even during World War...

Tuesday, September 14, 2021

Overlooked Opportunities. An often overlooked tax planning opportunity comes from not fully understanding how you can use your cars as a deduction on your tax return. It is very common for people who have a Schedule C sole proprietor...

Tuesday, September 14, 2021

Bonus Benefits from Tax Planning. Have you worked toward losing weight in the past because you want to look more attractive, or fit into an expensive wardrobe you already own? When you lose weight you often also lower your blood...

Tuesday, September 7, 2021

Businesses Need to Start Their Tax Planning Now! Hey, it’s still summer outside, so no one wants to think about income taxes, right? We’re sorry, but it’s time, especially for businesses that are on extension for...

Tuesday, August 31, 2021

Go to any party, any backyard BBQ, baseball game or the yacht club on race day and you are likely to hear someone complaining about taxes. People love to hate them, but they act as if they have no control over them! Taxes are not a...

Tuesday, August 31, 2021

What Is Tax Planning? The Benefits of Charitable Giving. On March 17th, the Urban Institute, Brookings Institution and their individual authors, reported that because of the small share of the population currently eligible for itemized...

Wednesday, August 11, 2021

Are Taxes Fair?The answer to that might surprise you. Because, for the most part, the answer is yes. However, sometimes they are only fair if you know how to “play the game”. Most people think only the wealthy can avoid...

Thursday, July 15, 2021

Webinar: No parent should be without a TRUST! Click below to register for this webinar and join us on Saturday, July 24 at 6:00 PM.

Wednesday, July 14, 2021

What Is Tax Planning? We use the term “Tax Planning” often, but we are aware that many people are not sure what it really is. Some people think "That means off shore accounts and citizenship shell games ending with jail...

Wednesday, July 14, 2021

No parent should be without a TRUST!, Webinar with Paul Kalra, CFP. Click below to register for this webinar and join us on Saturday, July 24 at 6:00 PM.

Tuesday, July 13, 2021

4 Ways to Potentially Maximize Your 401(k) Company Match The 401(k) company match is a powerful tool that may help you maximize your 401(k) retirement income – without contributing any additional money of your own. It’s...

Tuesday, July 13, 2021

Saving for retirement may be a personal endeavor, and there’s no one-size-fits-all strategy, but it’s important to understand where you measure up. Take a moment to review the stats below, see where you measure up, and...

Monday, July 12, 2021

9 Personal Finance Tips for Third Quarter 2021 We’re halfway through 2021, which means it’s the perfect time to check in on your financial goals and objectives for the year. Review our top 9 personal finance tips for third...

Monday, July 12, 2021

With every new president, we hear that taxes are going to be changed. Some promise to lower them in order to get elected, even though there is no way for them to go down while we spend the way we do, service our huge debts and keep the...

Monday, July 12, 2021

Whether you regret not saving for retirement sooner or you wish you had more to set aside each year, it’s all too easy to get stressed when saving for retirement. The good news is, it doesn’t have to be this way. In fact, a...

Monday, July 12, 2021

A 401(k) is a powerful investment vehicle. However, there is a lot of misinformation surrounding them. Buying into one or more of these common 401(k) myths may cost you a lot more than you bargained for come retirement. Keep reading...

Thursday, July 8, 2021

Many people are looking at their calendar and realizing that June has passed. Although they had great intentions in March and April of getting proactive in and around learning how to mitigate this year’s tax outcomes, the time ...

Thursday, July 1, 2021

The surfers sit and look at the horizon and anticipate the size of the waves. It’s not an exact science, but they make their choice and then, the most important part, they proactively paddle like crazy toward the oncoming wave crest ...

Thursday, June 24, 2021

For more information CLICK HERE to schedule a FREE 20 Minute CONSULTATION! Let us help you plan for the next Big Wave! Although currently very little has actually changed tax rules wise, many things are proposed. Under an executive...

Tuesday, June 22, 2021

Does the IRS really have “Yard Sales?” Yes, all the time! It seems like everywhere I go, there are cars on the side of the road and the unmistakable buzz of people with “yard sale face” rushing to see what hot...

Monday, June 21, 2021

When people save for retirement they almost automatically use accounts that avoid tax now. IRAs, 4O1k's, 4O3b's, 457's, are all pretax retirement savings plans. Certainly, long-term savings uninterrupted by withdrawals and the effect...

Tuesday, June 15, 2021

Some vacation often, while others hold on all year for that one great week and live day by day until that magical start date on the calendar! Both are great ideas! A new wave in our digital age is to only take three or four day...

Wednesday, June 9, 2021

Ever had a “light bulb” moment? I have been driving for many years. I’ve driven at least a million miles and I own a few cars (I collect certain types), and when driving my spouse’s car or one from the...

Friday, May 21, 2021

How to Protect Yourself from the Potential Tax Storm, Webinar with Paul Kalra, CFP. Click below to register for this webinar and join us on Saturday, June 5 at 6:00 PM.

Thursday, February 4, 2021

You may have heard the news about stocks for certain companies suddenly ballooning, quickly going from lunch money prices to several hundred dollars a share. In one case, the shares rose over 1700% since December 2020.1 So, what...