The three D’s of Tax Smart Investing are Deduct, Divide and Defer. Generally, Tax Deductions are best as they usually offer the highest tax savings. Dividing can offer substantial tax savings if you are able to shift income from a high bracket taxpayer to a low bracket taxpayer. And deferring can provide substantial tax savings but is best when the deferral is decades … [Read more...] about Deduct, divide and defer, taking advantage of a little-known tax strategy
Finances
To market, to market: How the stock market really works
I’ve had a few people express some incredulity at the resilience of the stock markets lately. At the time of writing, the Dow has increased by more than 45 percent off its bottom of 18,592 on March 23. The CEO of a major mutual fund company, one whom I respect greatly, recently said he felt that the “market is overbought”. With a contrary point of view, a fund … [Read more...] about To market, to market: How the stock market really works
The more things change…
At the time of writing, it’s been nine weeks since we started this physical distancing thing. So much has changed. I’m working from home. I don’t eat out. I hardly see my kids in person. I get together with my friends infrequently. And when I’m with either, I treat them like they’re a leper, not touching and maintaining a distance. I watch church on TV now, rather than … [Read more...] about The more things change…
Take your giving to the next level: Donor advised funds
Fred inherited one million dollars. He had read my previous article on tithing and wanted to tithe on this inheritance. He wasn’t sure where he wanted it all to go, but he really wanted the tax-break this year, so he needed to make the donation this year. Wilma had $10,000 in Telus shares that she had been given years ago as an employee. Because the shares were given to her, … [Read more...] about Take your giving to the next level: Donor advised funds
Start the car! A COVID-19 response
Before I say anything else, let’s remember that God is still in control during these anxious times. He is not surprised or worried. Cling to His love. He is still there. On July 8, 1932 the Dow Jones Industrial Average hit an intraday low of 40.56. At the time of writing, the Dow is around 21,200 – up over 500-fold since that intraday low (and that’s not even including the … [Read more...] about Start the car! A COVID-19 response