Index To Tax Planning Content

Tax planning is by far the most overlooked area of financial planning. Very few investors have ever learned the realities of how tax planning can have a dramatic impact on their net spendable income in retirement. Most Americans are not familiar with simple concepts concerning taxation, like the difference between a marginal and effective tax bracket. The vast majority of retirement accounts that we see, are subject to taxation, another way to put it is most Americans have a permanent tax lien on their largest investment account. Learn the realities of how tax planning could affect to your retirement plan.

Do’s and Don’ts of Estate Planning

It's Your Money
Do’s and Don’ts of Estate Planning
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Debra Seaward talks about real life scenarios of unexpected planning issues relating to Estate Planning and ideas on how to make sure that you have the proper basic documents in place for when the “what if’s” happens.  Without the right documents you may end up giving more than your fair share in inheritance taxes.

Why Is the Stock Market the Only Bright Spot for the Economy?

It's Your Money
Why Is the Stock Market the Only Bright Spot for the Economy?
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This week’s market update includes common sense comments on the rationale as to why Donald Trump mentioned the stock market is the bright spot in our economy. Pulling back the curtain to explain why the stock market is the only area of recent years that has shown any hopeful economic signs. Unfortunately with the government intrusion, it’s not what it always appears to be. Get the real scoop once again as Paul pulls back the curtain on the financial services industry and exposes the truth about money and investing, brought to you by Financial Abundance.

The Investor’s Dilemma

Investments, income planning, portfolio construction, and tax planning are just a few topics that throw many people into the investor dilemma mindset. We are all emotional individuals; we want to be secure in our future financially. This need for security leads us to try to forecast our financial future. As we embark on a journey […]

Manufactured Perceptions

It's Your Money
Manufactured Perceptions
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On this week’s “It’s Your Money”  Paul Nichols reviews Investing 101, along with the importance of funding Roth IRA accounts. When it comes to Tax Management, you never want to miss a year to fund a Roth IRA because you will never get it back! Along with the usual Market Update, Paul adds an overview […]

Wealth Management: It’s a Wonderful Life

This classic gem directed by Frank Capra is one of my favorite movies and a sure watch every holiday season. It’s a story of an angel working to get his wings, and his task is to help a compassionate but despairingly frustrated busi- nessman by showing what life would have been like if he had never […]

College Planning Wheels

It's Your Money
College Planning Wheels
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On this week’s “It’s Your Money” podcast, The Investor Coach, Paul Nichols, pulls back the curtain and discusses what one can do in the volatile times that we are currently seeing. Paul also offers some clarity concerning college planning. This weeks market update is brought to you by Financial Abundance as we close the quarter […]

To Defer Taxes or Not to Defer?

It's Your Money
To Defer Taxes or Not to Defer?
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Besides the usual market update and some rational academic clarity concerning countries sovereign debt and default, Paul Nichols, the investor coach, is pulling back the curtain on the concept of tax deferral like never before. The vast majority of Americans are making the wrong choice when looking at deferring taxes by utilizing traditional IRAs. With […]

Permanent Tax Lien

It's Your Money
Permanent Tax Lien
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Paul, with Financial Abundance, does a market update this week. This show, as well, focuses on a crucial question that must be answered when it comes to attempting retirement planning, looking at your financial investments, preparing for income streams, as well as potential risk areas that could force you to spend down your life savings. […]

Shutdown, Smut-down, Debt Up

What does the shutdown really mean to the vast majority of Americans? Apparently not much, other than the entertainment factor of watching the political dramas (shame they do not have political Oscars).  It seems that the only folks affected are those who have been furloughed. I have had a number of conversations with clients, friends, […]

Tax Planning and Madoff’s Accountant

It's Your Money
Tax Planning and Madoff's Accountant
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This week, Paul Nichols, the “investor coach” and president of Financial Abundance, a registered investment advisory firm in State College, Pennsylvania, once again pulls back the curtain on the financial services industry. This show focuses on the market update as of 9/26/13, taxes, and the recent news of Madoff’s accountant.

How Risky Are Bonds?

It's Your Money
How Risky Are Bonds?
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This week Paul Nichols, the financial coach, focuses on his bi-monthly market update. The recent stock market hiccup, brought on by bonds being rated as risky from conservative by a major brokerage firm and the feds reluctance to continue buying bonds at their current rate may be significant for those that are concerned about retirement […]

Fiscal Cliff: Blah Blah Blah

How many of you are tired of all the talk on the fiscal cliff, including the non ending stream of opinion and regurgitated sound bites?? May I suggest we spend the month of December focusing on family, love ones, and our community? Let the spinning heads, politicians, and so called expert economists beat this horse […]

Scaling the Cliff

“BUSINESS WEEK” – Approximately 88% of American households will see a tax increase if this so called “fiscal cliff” is not averted by Congress by December 31, 2012. The payroll tax change would reduce paychecks immediately in January. The average tax increase would be $3,446 and the top 1% of households would see the largest […]

What Would Grandpa Say?

Many of you may already know we are not fans of municipal bonds. In fact, we do not hold any municipal bonds in any of our investment portfolios because we think they are too risky. I bet that surprises a lot of people, especially retirees. My astute, well read, late grandfather would be shocked to hear this, having retired from Ma Bell after 42 years, an old school, buy American, blue chip investor. That’s because many advisors routinely recommend that retirees buy and live off of the income generated by supposedly safe individual municipal bonds.

From Deb’s Desk – Insider Coaching

Hope this finds you well. It is that time of year when we are all gathering our tax papers, forms 1099’s, 1098’s, W-2’s, etc… Confusing and hectic time of year but also a good time to review, organize and educate yourselves in regards to your finances.

If what you thought was the best way to handle your finances turned out not to be, when would you want to know? And…if you knew, would you do something about it?

2011-2013 tax reporting changes: What you need to know