Maybe this is obvious to you, but a core part of pricing strategies and profitability is how a fee is built into a sales price. Even though it may be no surprise, understanding this concept better, and internalizing these pricing strategies can save you considerable amounts of money, and allow you to negotiate like a […]
Last Day of 2013 to Convert to a ROTH IRA
I just quickly converted $15,000 into a ROTH IRA for the year, using Partial Transfers you will bring your income up by the amount of the Transfer, but in doing so move the Traditional IRA money that was growing Tax Deferred into a ROTH IRA that grows tax free, and is more favorable in estate […]
Credits and Deductions – Getting more from your pay check
The IRS has two general areas which we can use to reduce our tax bill each year, knowing about these, how to trigger them, and which to use can make a big difference to our take home pay and is something worth keeping a close eye on. This post will look briefly at the differences […]
Advanced Trading – Creating Tax Advantages with connected trades
Options trading is an easy way to gamble on the market. Read that line again before moving on. This post will explore one of the most basic of Options Trades, and look at the ways to maximize profit by tax avoidance, cost reduction and consider the risks of the game. The gamble that occurs is […]
Do these Three things before December 31st to save Thousands in Taxes
These three things are time sensitive, not all of them will apply to every reader, but if you are in these situations I highly recommend you make decisions on these very soon, so you could hope to action them before the end of the year. I believe you will have a much greater sense of […]
This one minor change will Supercharge your IRA
Did you know that the most powerful force that can act on your wealth is the miracle of Compound Interest? Actually, based on my readers here I am certain that you did, but some of you may still be leaving something on the table when it comes to making that power of compounding really work […]
A Great Way to Raise your Tax Burden this year
Now, I know you might think this is crazy advice coming from a Personal Finance blogger, but its not, the post explores the concept of Tax Deferral, a key tool in your tax management planning.Tax Deferral is a concept that takes the income you earn in one year, and pushes it to a later year, […]
How to fund an IRA with a Credit Card – and make a huge profit in the process
This post will explain how to fund an IRA with a Credit Card, if you are able to follow the steps here you can gain thousands of dollars of extra money through a trifector of: Credit Card points, Tax Rebates and Interest Free Loans. For this to work best, you need a credit card that […]
Should I pay off my debt or save?
The decision to pay off your debt or save is faced by many people, a particularly strong segment of people come from Graduates who have entered the work force, and with the increased disposable income from their enhanced salary they face the decision of accelerating the repayment schedule of their loans or to save for […]
Converting to a Roth IRA – using Partial Transfers to reduce Tax Costs
Converting your Traditional IRA into a ROTH IRA is a very attractive concept for many people, it can save you thousands during your retirement, however, even more importantly is doing it the right way can save you thousands today.When you convert you will be faced with an immediate tax bill for whatever you pulled out […]