Irvine Blackman, Brian I. Whitlock
Why Lose A Lifetime Of Wealth Accumulation To The IRS?
It鈥檚 no secret that business owners find tax laws frustrating. That frustration was best expressed in a letter I received from a reader we鈥檒l call Joe.
Read MoreDoes Your Estate Plan Flunk The Real-Life Test?
While thumbing through the pages of a trade journal, I came across this quote, 鈥淲e install 90 percent of what we sell. That鈥檚 one big advantage we have over [the competition].
Read MoreHow To Turn A Tax Tragedy Into A Wealth-Building Miracle
Do you have a large amount of money in an IRA, profit-sharing plan, 401(k) plan or other qualified plan? If so, this article will not only save you from paying excessive taxes, but will also show you how to dramatically increase your after-tax wealth tax-free. This article is one of those bad-news, good-news tax stories.
Read MoreTIPs Topped Them All
This column is designed to help readers save taxes and create wealth (usually tax-free). Every now and then, we publish an article that hits a home run with the readers.
Read MoreHow To Invest Your Accumulated Cash Profits
The pride of the American capitalist system is the successful family business. These entrepreneurs have found their way around a variety of obstacles to become 鈥渟uccessful business owners,鈥 or SBOs for short.
Read MoreDiagnose, Then Cure The Disease
A dreaded disease is spreading like wildfire. Known by various names, the most common name is 鈥渆state-tax-itus,鈥 an affliction that drains family wealth.
Read MoreWealth-Building With The “Magnificent Seven”
More than 90 percent of my contact with readers of this column concerns specific questions that can be answered using the 鈥淢agnificent Seven鈥 (M7). What is the M7? It consists of seven separate strategies designed to answer tax questions and at the same time save huge amounts of estate tax or create huge amounts of wealth (usually tax-free).
Read MoreHow To Get Rich Or Richer
When giving my tax-planning, wealth-building seminars, I like to ask the audience, 鈥淩aise your hand if you know the Rule of 72 and how it works. 鈥 Typically, about one-third of the audience raises their hands.
Read MoreBeat Up The IRS . . . Legally
Yes, you can beat up the IRS legally if you prepare adequately. The following example shows how one client prepared for such an undertaking.
Read MoreThe Tax Knight And His Merry Men Rescue A Taxpayer
It鈥檚 a corny title, but it describes the economic and tax story of Joe, a 79-year -old widower. Joe is generally a healthy and happy guy.
Read MoreA Well-Guarded Secret Revealed
Successful investing in the stock market is uncertain, and net losses can sometimes exceed net gains. So-called traditional safe investments, such as CDs, treasury bonds, municipal bonds and the like, may offer only paltry returns.
Read MoreGetting A Second Opinion On Your Plan
There are three types of readers who call us for help: the reader who has an estate plan but needs a second opinion; the reader who has no plan; and the reader who has been working on a plan for years and just can鈥檛 seem to get it finished. Which type are you? Joe, a 61-year-old from Ohio, fell into the first category.
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