Happy Father’s Day! As you know, this special day isn’t just a chance to buy Dad some new cologne or a power drill. It’s an opportunity to reflect on what fathers mean to us. The things they’ve taught, the values they’ve instilled, the examples they’ve set. It’s a chance to look in the mirror and…
We Are Broke! On April 15, 2021, the Truth in Accounting website updated it’s “Financial State of the Union 2021.” The website reported the financial condition of the United States deteriorated by almost $10 trillion dollars in one year. Our government has around $6 trillion in assets to pay $129 trillion in bills. We Are…
Tax Changes Are Coming Joe Biden has made his desires known that he wants to raise income taxes. There is also the possibility that other taxes will be increasing as well to pay for all the new programs he has proposed for his administration. Here is a list of those changes. The article provides…
The Lifestyle Regulator Everyone’s current “lifestyle” is sacred. No one ever wants to consider reducing their lifestyle. The Lifestyle Regulator may be the one piece of the model that plays the most important role of all in how you manage your money. It regulates the amount of money that you allow to flow through the…
The American Rescue Plan Roughly one year ago, Congress passed the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. It was a massive, $2 trillion stimulus package designed to help boost the economy as it shuddered from the impact of COVID-19. The bill was generally considered a success – but on its own,…
As promised last week, this week in Coach’s Corner we’re going to discuss the tax filter…so let’s get right to it. The Tax Filter If you focus your attention on the copper tax filter (shown in the red box above), you will notice it takes center stage in the model. Every dollar will eventually…
Not sure how you celebrated St. Patrick’s Day yesterday, or even if you celebrated. I didn’t, but after learning more about the holiday, I might consider celebrating next year. When you hear the words “Saint Patrick’s Day” what images or feelings come to mind? For some, it reminds them of their childhood – wearing green…
Taxes Are A Drag Although there are many reasons we are fortunate to live in Colorado, one of those you probably don’t think about is state taxes. We’re actually the 6th best/lowest states for taxes, not including the states that don’t have any state tax. Don’t allow this fact to lull you into a…
Is it Time for You to Take Action? Don’t Make “The Groundhog’s Mistake” Well it’s “official” – the groundhog saw his shadow. You know the tradition, February 2nd, a groundhog emerges from its burrow. If the sky is cloudy and the groundhog does not see its shadow, then it will remain outside…
Now Are My Taxes Going To Rise? In the days leading up to the inauguration I’ve been asked this question many times. Although I don’t know the answer, I sent you this note September 24, 2020: The primary market risk from a Biden presidency may likely come from potential tax increases. Higher business taxes…