While some tax deductions are obvious, others aren't. Kiplinger just released its "23 Most Overlooked Tax Deductions" list, and in this episode Dennis Prout and Shea Petaja go through them one by one. Also joining Dennis and Shea in this show is Prout team member, Shelly Osborne, who has experience in tax preparation and will answer many questions.
Using your retirement savings for something other than its specified purpose is possible, but it needs to be done with care. Dennis says, "Most of us don't plan on needing money early, but if we do, how do we draw the funds? How do we avoid penalties involved? What strategies do we employ if we've been let go from a company, have unexpected health issues or college costs? Or what if we need extra income on a monthly basis if one spouse retires early?" Listen as Dennis Prout and Shea Petaja discuss which accounts to draw from and how to draw money early. Whether it's an unexpected emergency or an early retirement, there is, in fact, a method to the madness.
Folks either survived or thrived in 2016. This year we have a new administration in the government, unusually low interest rates and a shocking rise in the stock market toward year-end. The pessimist in all of us says, "What goes up, must come down". The realist in us says, "Get the facts. Information is power." The optimist says, "Regardless of what's going on, I have control". In today's show Dennis Prout and Shea Petaja speak to the inner pessimist, realist and optimist by answering 10 Economic Forecast Questions.
For a business owner most of their investments may be in their business, which could be the single largest asset of their net worth. In today's show, Dennis Prout interviews Tim Cartwright, Partner at Fifth Avenue Advisors in Naples Florida. Tim manages Fifth Avenue's subsidiary business, Compass Advisory Group, which is a mergers and acquisitions consultancy that helps entrepreneurs and families sell their business to create liquidity. As a sell-side advocate, Tim will dispel the fear and mystery in mergers and acquisitions.
In this episode Dennis Prout and Shea Petaja review the Five Year-End Mistakes You Won't Want to Make, along with financial goal setting.
According to MarketWatch, the No. 1 regret of older Americans is not saving early enough for retirement. Their second biggest regret is not saving enough for emergency expenses. In this episode Dennis Prout and Shea Petaja give you strategic tips to motivate you to save more regardless of what age you are.