If you read about the 1031 exchange, you’ll immediately think it’s the greatest thing on earth for real estate investors. What’s not to like about paying zero capital gains tax after the sale of a property? However, this article will discuss the various reasons not to do a 1031 exchange to save on taxes. The […]
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Your net worth composition will likely change the wealthier you get. The wealthier you get, the generally more conservative your net worth allocation. However, wealthier people also have more of their net worth in business equity as you’ll see below. For example, my net worth composition in my 40s looks nothing like it did when
Net Worth Composition By Levels Of Wealth: Build A Business Already Read More »
Want to learn how to pay no taxes? Or how about how to pay less taxes for the rest of your life? Read on. I’ve been studying up on tax laws since 1999. You might not be able to pay no taxes. However, this post should help you pay less taxes. For most of us,
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Coming up with a sizable down payment is one of the key barriers to affording a home. Learning how to invest your down payment if you’re planning to buy a house is a whole other issue. On the one hand, you want to invest your down payment conservatively so that’s it’s available once you find
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The maximum amount of earnings subject to the 6.2% Social Security payroll tax climbed to a record $176,100 in 2025, up from $132,900 in 2019 for reference. As a result, your goal should be to increase your investment income so you can earn more tax efficiently. In other words, those lucky enough to have jobs
Income Types Not Subject To Social Security Tax: Earn More Tax Efficiently! Read More »
This article will look at the best asset allocation of stocks and bonds by age in detail. The best asset allocation is subjective in that it depends on your financial goals, risk tolerance, and existing financial health. I used to work in investment banking in the equities department from 1999 – 2012. Today, I’m an
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Are you wondering which states are best for retirement? As a retiree since 2012 let me share the best states for retirement based on taxes, weather, and lifestyle. My method for calculating the best states for retirement are objective and logical. In retirement, you want to live in a place that has reasonable taxes. Every
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Social Security is America’s national pension system. The income limit for maximum social security tax goes up every year. This is because Social Security is underfunded by roughly 25% as of 2022. The 2023 income limit for maximum Social Security tax rose 9% to $160,200. For those of you who believe the government is efficient
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Phew! We made it! What a year 2020 has been. I’m absolutely exhausted from taking care of my two young kids, experiencing so much uncertainty, and writing so much. Unfortunately, the first half of 2021 likely won’t be much different. Many cities and counties will still be under shelter-in-place. Most of us still won’t get
2020 Financial Samurai Year In Review: Didn’t Give Up! Read More »
Every year I tend to discover one significant thing that fish-slaps me in the face based on some sort of experience. This year, it’s the realization of the next high demand job of the decade: Chief Content Officer. You know how computer science and software engineering jobs have become all the rage over the past 10
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