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Turbo Charge Your 401(k)

Turbo Charge Your 401(k)

If you’re earning a six-figure salary and enrolled in a company 401(k) plan, here’s a “hot investment tip” that could result in significant annual tax savings and a larger future nest egg—and you may not need to save a penny more than you’re saving now. Warning! This article is going to get ...
Donate Now, Give Later

Donate Now, Give Later

Baby boomers who are in the final decade of their high-income years might want to stop using their credit cards and checkbook to give to charity. There’s a better way to be generous and reduce your taxes at the same time – the donor advised fund (DAF). DAF – How it Works  You move cash or
Self-Employed: Earn Long and Prosper

Self-Employed: Earn Long and Prosper

Self-employed (SE) people have a unique opportunity to maximize their after-tax income later in life. While most SE people use traditional 401(k) plans and SEP IRAs to save for the future, I’m encouraging my SE clients to consider an Individual Roth 401(k) instead. Death and Taxes: Not So ...
The Death of Benchmarking

The Death of Benchmarking

Right around the time I was born, another birth was happening - one that would save investors millions of dollars in unnecessary fees while also reducing their tax bills. Yes, I’m talking about the birth of the index fund. A side effect of this creation was that performance-junkie investors and
Managing your Mad Money

Managing your Mad Money

By now, hopefully we’re all in agreement that a boring, globally diversified portfolio of low-cost institutional mutual funds is better than a sexy portfolio of individual stocks, and that your nest egg money should be manged by a trusted, independent fee-only advisor. This means that you’re ...