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planning

How to hire your kids

How To Hire Your Kids, We Hired Our 3 Minor Kids!

For the past 7 months we have been dabbling with an online Amazon FBA business.  With school ending and my busy spring refueling outage season behind us now was the perfect time to hire our children who are 8, 9, and 12.  Our oldest who just turned 18 is in …

How To Prepare For The Next Recession

Overall I’m optimistic about the way the economy is moving.  Taxes are the lowest they have been in generations, unemployment is at a 50 year low, interest rates are relatively low, and inflation is below 2%.  These are all good things.  Despite how optimistic I am, I also am a …

Joe Biden Thinks I Live In Poverty

Joe Biden recently commented that almost half of Americans are living in Poverty.  The data that was being quoted included those the government says are living below the poverty line based on Adjusted Gross Income (AGI) and those who are low income living on up to 200% of the Federal …

When Is Life Insurance Taxable?

One of the primary questions I’m asked about life insurance is “Is Life Insurance Taxable?”.  The IRS has very specific rules about how to handle life insurance payments and for the vast majority of people life insurance is not taxable. When we are looking into these details about life insurance …