My Thoughts on This: I was taught long ago that no one has a responsibility to pay more in taxes than is required. It’s up to you and I to figure out what is required. So we push the envelope and either through good fortune or because we really know what we are doing, we …
Continue reading The U.S. Tax System: How Did We Get Here? Pt. 1, the Early Years
My Comments: I expected to be retired now. But I'm one of millions who find it better to keep working and use the daily mental challenge to stay healthy, and because the income is welcome. But the topic here is not an easy one to resolve. I can attest to the difficulty of talking with …
Continue reading Legacy, Estate Planning as Important as Retirement
My Comments: Some of you are aware of my efforts to bring a new idea about medical malpractice insurance to those physicians who own their own practice. Essentially, its a financial strategy that causes 50% of the premiums to return when there are few or no claims made in any given year. Clearly, not all …
Continue reading New Survey Validates That US Physicians are Ailing
Last week I uploaded a file to a site called Smashwords, and a yesterday, I received word that it had been reviewed and approved. I am now a published author. Here is the link: https://www.smashwords.com/books/view/270686 As you can perhaps imagine, this is not a casual read. And though the book is only 15 pages long, …
My Comments: OK, if you can’t stand reading about economics, then skip this blog post. On the other hand, if you have concerns about the economy and whether your vote in the upcoming election will have any influence on the amount of money you have to spend ten years from now, then you might want …
Continue reading Studying a Paradox: When Higher Tax Rates HELPED the Economy
My Comments: There’s really nothing I can add to this. Bruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul. He is the author of “The Benefit and the Burden: Tax Reform – Why We Need It and What …
My Comments: Right now is a relatively quiet time for those individuals and firms who make a living doing tax returns. Everyone I know, and I know many of them, have a lump in their throat when they think about January and the coming year. That's when the rubber hits the road and most, if …
Trusts, Pt. 2: When should they be used? My Comments: This comes from Hale Stewart, an attorney in Houston, Texas. He and I have spoken as a result of his interest in captive insurance companies and asset protection. He is the author of the book U.S. Captive Insurance Law and is currently working on his …
My Comments: This comes from Hale Stewart, an attorney in Houston, Texas. He and I have spoken as a result of his interest in captive insurance companies and asset protection. He is the author of the book U.S. Captive Insurance Law and is currently working on his Ph.D. From time to time, my clients ask …
My Comments: The ideas behind this article have filtered through my mind for decades. Everyone and their brother talks about the value of socking away money in an IRA or other tax advantaged retirement plan. And there is an advantage to this, only it has nothing to do with taxes. The advantage is the perceived …
Helping Define Your Financial Future 