A Grantor Retained Annuity Trust or GRAT is a way to transfer future gains tax-free to your heirs. If you’re blessed with a lot of assets, setting up a GRAT may save you millions in estate taxes. As responsible parents, my wife and I set up a revocable living trust. In case of our untimely […]
How A Grantor Retained Annuity Trust (GRAT) Can Save You Millions In Estate Taxes Read More »
In my Quora e-mail digest, I stumbled upon the most amazing and heartfelt estate plan I’ve ever read. A user asked: If you were left millions in your parent’s will, but your brother or sister were left nothing, would you give them some money? I think the large majority of us would say, “absolutely yes.”
The Most Amazing Estate Plan You’ll Ever Read Read More »
Without healthcare subsidies, healthcare in America is extremely expensive. For example, my family of four is paying $2,633 a month for a Silver plan because we are receiving no healthcare subsidies. We would get a Platinum plan, but it’s simply too expensive. If we reduced our income to be no greater than 400% the Federal
The first rule of financial independence is to never lose money. If you lose lots of money, you ultimately lose lots of time. And time is your most valuable asset. Don’t go too backwards! The second rule of financial independence is to never forget the first rule. Well, no, that’s Fight Club. The second rule
The First Rule Of Financial Independence: Never Lose Money Read More »
Whenever I write about an investment decision I make in a post or newsletter, someone gets upset. I’ll get a spiteful comment about how I’m market timing my decision. What someone does with their money has no bearing on what happens with your money. You have the freedom to make one giant paper money statue
Every Investment Decision You Make Is Market Timing Read More »
Want to earn more money and pay less taxes? We all do. Let’s talk about three of my favorite ways to earn more and pay less. John F. Kennedy once said, “Ask not what your country can do for you, ask what you can do for your country.” I took his message to heart when
Three Favorite Ways To Earn Money And Pay Less Taxes Read More »
Fake news is a problem that doesn’t look like it’s going away anytime soon. When Trump was president, it was fascinating to witness the war between Trump and the mass media, especially CNN. The rare press conferences he hosted were entertaining to watch if you were stuck on the toilet longer than normal one morning.
Why Does Fake News Exist? A Look Inside A Highly Lucrative Business Read More »
We know the average spending for American households over the age of 65 is a surprisingly high $45,756 a year or $3,800 a month according to the Bureau of Labor Statistics. Now let’s look at the average consumer expenditure per year in more detail. Given the average Social Security benefit is only $17,532 a year,
Average Consumer Expenditure Per Year Proves Americans Are Living The Dream Read More »
What’s great about America is that we’ve got a highly productive workforce that grinds like no other. We invent some of the greatest products and consistently build some of the largest companies in the world. But we are also increasingly suffering from mental illness. As a result, more of us need to take mental sick
Mental Illness Deserves A Sick Day Just Like A Physical Illness Read More »
It feels a lot like 2007 again. Almost every major asset class is on fire. People are leveraging up to buy things they don’t fully quit understand. Investing FOMO is all over the place! Let’s review why it feels like 2007 all over again so we can better protect ourselves. Reflection helps us appreciate how
It Feels A Lot Like 2007 Again: Reflecting On The Previous Peak Read More »
