Wealth Protection

How to Turn Losses Into Tax Benefits

How to Turn Losses Into Tax Benefits

If you’re at or near retirement age, I’m sure the last few weeks have been especially worrisome for you. I’ve said it before and I’ll say it again: The markets will stabilize, perhaps sooner than we think. But I realize that may be cold comfort to some of you. The good news is there’s a…

What Crazy Taxes Do You Expect on Your Investment?

What Crazy Taxes Do You Expect on Your Investment?

Amid the market craziness, tax filing season lurks. And with a new president in the White House, rumors are circulating about the possibility of the “financialization of our taxes.” All eyes are on capital gains … there are even proposals to tax unrealized gains! With all of the headlines about taxes right now, it got me wondering……

Which Documents Should You Save for Taxes and for How Long?

Which Documents Should You Save for Taxes and for How Long?

I recently read an older article from MarketWatch about a man who was forced to delay his retirement by two years due to lost tax records. And it got me thinking. Can you imagine being on the cusp of retirement and being told by the Social Security Administration: Sorry. According to our records, you do…

Avoid These Costly Tax Mistakes While There’s Still Time!

Avoid These Costly Tax Mistakes While There’s Still Time!

Americans of a certain age will recall a standup routine from the incomparable Steve Martin. You can be a millionaire … and never pay taxes. You can have $1 million, and never pay taxes! You say: “Steve, how can I be a millionaire and never pay taxes?” First, get a million dollars. Now … you…

Filing An Accurate Tax Return

Being an owner of a successful small business is not easy. I know this firsthand. One of my close family members has been running a small business for the past 18 years. These businesses, 30 million strong with 57 million employees in the U.S., have their own set of unique trials and stressors. However, those…

This Free Essay Could Pay for Your Next Car

This Free Essay Could Pay for Your Next Car

Today’s essay applies to anyone who invests in stocks. Or even cryptos. It can make you hundreds — even thousands — of dollars. (I mean it.) But it’s December already. You don’t have much more time. So, let’s get right into it… It’s Time to Get Ready for 2021 2021 is nearly upon us. As…

Home Infiltrated Cyberattacks – How Your Home Security May Cause Harm

Home Infiltrated Cyberattacks – How Your Home Security May Cause Harm

“Oh … my … God…” Those were all the words my wife could muster as she stared at the picture on our brand-new Samsung 65” LED Smart 4K UHD TV. This was one of those smart TVs with a feature that acts as a hub and controls your connected devices. But it wasn’t the vivid…

Cybersecurity Stocks Soar as Privacy Goes Mainstream

Cybersecurity Stocks Soar as Privacy Goes Mainstream

“Did you know that one-third of Americans are affected by cybercrime?” That scary statistic is the opening line of a TV commercial from NordVPN. It’s one of the leading virtual private network (VPN) providers. “Protect your family with military-grade encryption,” the ad continues. I’d heard of NordVPN before. Privacy expert Ted Bauman wrote about it…

October’s Facebook Hack Destroyed Her Life Savings, Here’s How

October’s Facebook Hack Destroyed Her Life Savings, Here’s How

I got a call from a panicked relative last week. It was one of those 12 o’clock at night calls that you just dread getting. We’ll call her “Grace.” She was in tears. Grace had just got off the phone with her bank for the second time in two days. Both her checking and savings…

Cybercriminals Are Attacking America — Protect Yourself Now

Cybercriminals Are Attacking America — Protect Yourself Now

Our health care system is under siege. In September, I wrote about a cyberattack on a German hospital that may have caused a woman’s death. Now, hospitals across Michigan, New York, Oregon, Vermont and Wisconsin have been hit by a devastating ransomware attack. Cybercriminals shut down the computer networks at the affected hospitals, forcing doctors…