Hey Paul: I am 60 years old and just retired. I have $500K in my retirement accounts, $200K in mutual funds, and a $300K home. I know I can’t start Medicare until age 65. What should I do for the…
TaxSmack
Bringing Financial Planning to the 99%
Month: March 2016
Obamacare and Taxes
Hey Paul: We are the classic American family with a nice home, two kids and a dog. We both work with a combined income of $50,000. I am self-employed and my husband works for a small business so we don’t…
Posted in Health Insurance
Prepare to Plan Your Taxes or Plan to Pay More
Hey Paul: What is the difference between “tax planning” and “tax preparation”? Are they the same thing? These two terms are closely related and I suppose could mean the same thing to some people. For those who are procrastinating doing…
Your Tax Bracket is Likely Zero
Hey Paul: My accountant told me that I’m in the 15% tax bracket. What does that mean? Am I paying 15% of my income to the IRS? Bracketed in Nicholasville The concept of tax brackets doesn’t come up too often…
Posted in Tax Planning