Welcome back! We are continuing on with this series about home buying. Over the past two weeks, we talked about: Both of these posts blew up and I got a ton of questions about what ARM’s are, if you should buy down points, etc. So we will talk about all of that in today’s post. For the past 5 years,…
Time and time again, millennials buy a house and are surprised by both the upfront costs and the ongoing costs of owning a home. Last week, I talked about what you can expect to pay when you buy a home, which you can check out here. Now this weeks post will be entirely focused on the costs of owning a…
A common misconception first time home buyers have is that the downpayment is the only upfront expense they need to plan for. However, this could not be further from the truth. There’s a whole array of other costs other than the downpayment that you need to plan for. Let’s take a look at each upfront expense you will have when…
Welcome back for part 4 of my Estate Planning Series. If you have not, make sure to check out: Those will help get you up to speed for this blog post. Now moving on to part 4. We are going to talk about some of the different charitable strategies that exist that can help you give more away to charity…
Welcome back for part 3 of my estate planning series. If you have not, make sure to check out: Those will help get you up to speed for this blog post. Moving on now to part 3. This blog post is about some of the advanced estate/tax planning strategies that high net worth individuals (HNWI’s) are using. There are too…
This is part 2 (of 5) of a series I am writing on estate planning. If you did not read week 1 “Intro to Estate Planning” head on over to that post first so the foundation can be laid for you. This series will take you from the basics all the way up to the advanced strategies that High Net…
I wrote a post last week on the top tax planning moves business owners can make and it blew up. It has over 430k views on twitter, drove over 10 prospects to our business, and overall added a ton of value to business owners. This then led to highly compensated W2 employees asking if I would create a similar one…
As business owners, you possess a unique advantage when it comes to taxes— you have the power to strategically plan both your personal and business taxes, leading to significant long-term impacts on your overall lifetime tax burden. While many focus solely on short term tax savings, the true essence of strategic tax planning lies in its ability to reduce your…
The qualified business income (QBI) deduction is simply a deduction for the self-employed as well as other small business owners. It is a tax deduction that allows eligible business owners to deduct 20% of their qualified business income or 50% of their wages on their taxes. This basically allows you to lower the amount of income tax you pay which…
If you’re in a place with equity compensation, you’ve probably encountered a ton of fancy terms and lingo that can leave you scratching your head. One term that’s important but often misunderstood is the “83(b) election.” This one’s crucial, especially if you’re holding restricted stock (not to be confused with RSUs) or stock options. Not understanding this election could mean…