blog posts

All income is NOT created equal. This is a great summary about how taxes affect how much you really get to keep from your income depending on the income type. Moral of the story: INVEST!
Income Taxes

All Income Is Not Created Equal

One of the most impactful first financial lessons includes the illustration of how compound interest works. Investing your money results in exponential rather than linear growth due to your earnings also earning money. There’s another very important lesson as well, though, that is often overlooked. This lesson

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If you're serious about financial planning, you should understand taxes! The simplest way is to start with your own return and go line-by-line to make sure you understand each and every calculation and input.
Creating a Financial Plan

Tax Day Challenge: Understand Your Tax Return Line by Line

It’s tax day!  During my time working at a public accounting firm, this was a day of great celebration. The first half of the day was spent tying up loose ends and the second half was the end-of-season party. Of course, we did file tax extensions for

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This free class explains some of the slightly more complicated tax issues like qualified dividends, capital gains, Alternative Minimum Tax, Net Investment Income Tax and more. Love this spreadsheet to calculate taxes!
Creating a Financial Plan

TX303: Intermediate Income Taxes

If you’re just stopping by for the first time, this is a class in a series of classes over the next few months which will culminate in the development of a complete financial plan.  Stop by HERE for a complete list of classes currently available and HERE for more information about the

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Income Taxes

What Percentage Are You Really Paying in Taxes?

While researching and writing about suggested budget allocation percentages, I became curious to know what percentage of my total gross income I pay in federal, state and local taxes each year (this is what normal people do with their free time, right?). So, of course, I made a

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