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As posted to the John Stossel YouTube Channel on 10/21/18 Run time (6:41) State and local governments face a $5 trillion dollar unfunded pension liability. In other words, politicians promised workers $5 trillion in retirement benefits, but government doesn’t have the money. So far, neither politicians nor the unions are willing to accept this. John [...]

While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through 2025 or are permanent, there are two major changes under the act for 2019. Here’s a closer look. 1. Medical expense deduction threshold With rising health care costs, claiming whatever tax breaks related to health [...]

Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings: Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans: $19,000 (up from $18,500) Contributions to defined contribution plans: $56,000 (up from $55,000) Contributions to SIMPLEs: $13,000 (up from $12,500) Contributions to IRAs: [...]

There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay employee bonuses for 2018 in 2019 and still deduct them on your 2018 tax return. In certain circumstances, businesses can deduct bonuses employees have earned during a tax year [...]

As posted to the Paul Grignon YouTube Channel on 10/13/11 Debt . . . government, corporate and household . . . has reached astronomical proportions. Where does all this money come from? How could there BE that much money to lend? The answer is . . . there isn't. Today MONEY IS DEBT. If this [...]

Now that 2019 has begun, there isn’t too much you can do to reduce your 2018 income tax liability. But it’s smart to begin preparing for filing your 2018 return. Because the Tax Cuts and Jobs Act (TCJA), which was signed into law at the end of 2017, likely will have a major impact on [...]

The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to assessing whether they’ll likely owe taxes or get a refund when they file their returns [...]

Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks (especially if you own a pass-through entity). But you also must look out for your own financial future. For example, you need to develop an exit strategy so that taxes [...]

When Robert Kiyosaki was young, his poor dad always told him that he needed to go to school so that he could get a good job.  To his poor dad, getting a good job was the most important thing in life.  His poor dad worked very hard . . . and he was always worried [...]

As posted on The Infographics Show YouTube Channel on 12/25/18 "Oil is the lifeblood of our civilization.  It powers every single aspect of our modern lives.  But what happens if the tap were turned off permanently?" The Infographics Show: Facts are fun, but most are presented in a boring and badly edited videos. The Infographics [...]

As  posted on Peak Prosperity.com and the Chris Martenson's Peak Prosperity YouTube Channel In his 12/29/18 Weekly News Update, Chris Martenson discusses the volatility of markets and the role Central Banks have played in creating massive financial bubbles throughout the world. Chris Martenson, is a former American biochemical scientist and Vice President of Science Applications International Corporation.  [...]