The U.S. tax code is filled with a mind-boggling array of tax-avoidance tools including tax-friendly accounts, loopholes, and special favors to various constituents. The primary intent of the tax code is to collect money, but the politicians who shape it add in a bunch of cheats and easter eggs that lower the amount of tax they…
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There’s Always Money In The Banana Stand
Arrested Development was an early 2000’s TV comedy loved by its fans. Despite critical acclaim, it failed to gain traction and the show was canceled after three seasons. Years later it was revamped as a Netflix series thanks to the enduring hilarity of the first three seasons and its grassroots fan base. Challenged with cast schedules, the…
Don’t Hate the IRS – Follow These 8 Tax Filing Tips
The tax filing season starts on January 28th for 2019. You’ll have until April 15th to complete them. In preparation for the tax season, it is imperative that you have a strategy to complete your taxes quickly, accurately, and with as little hassle as possible… all while keeping the cost down. With those things in…
Spousal Roth IRA – Double Your Tax-Advantaged Savings
We opened a spousal Roth IRA in my wife’s name in 2013 and contributed $5,500 to both her’s and my Roth that year. We’ll continue to contribute the full amount to both of our IRA’s every year going forward, as long as we don’t hit any income limits. Mrs. RBD works her ass off as…
The Best 529 Plan For My Daughter Is Not As Perfect As She Is
I recently opened a new 529 account for my daughter’s college savings. After a lot of thought, and without much fanfare, I have decided to use the Virginia 529 inVest Plan, the same plan I use for my son. From my research, it’s the best 529 plan available for our family. I have written an…