Dr. Harold Wong The March 2025 article was “Estate Planning Wisdom from Warren Buffett: Part 1.” Here are some other key issues that many may not have understood when you completed your estate planning documents (or need to update them if yours do not address these concerns). Most articles and seminars on estate planning focus…
Tag: Seminars
Features, February 2025
Dollars & Sense: Two Advanced IRA Strategies That Are Rarely Used!
Dr. Harold Wong For many, most of their liquid assets are inside their traditional IRA or 401(k). However, this is a mistake, because you are creating a ticking tax time bomb. Example: An engineer, age 35, contributes $10,000 a year to his IRA and/or 401(k) each year. He’s in a 25% tax bracket and saves…
January 2025, Features
Dollars & Sense: Do Kids Need College to Become Successful?
Dr. Harold Wong Now that we are in the holiday season, the greatest gift to your kids would be to offer a different path than expensive college so that they can be financially successful. I met a lady who had settled in Scottsdale, was divorced, and owned five rental houses that took 20 years to…
Features, May 2024
Dollars & Sense: Advanced Tax Strategies Allow You to Retire Comfortably
Dr. Harold Wong In an April 9, 2024, article by Megan Henney found in www.foxbusiness.com, “The ‘magic number’ to retire comfortably hits a new all-time high.” It cites a Northwestern Mutual study that Americans believe they need $1.46 million to retire comfortably, up 15% from the $1.27 million number in 2023. “This has surged 53%…
Features, April 2024
Dollars & Sense: Fight Inflation and Afford Your Bucket List Dreams
Dr. Harold Wong Historically, the major American financial dreams are to live in a decent house, help kids with college expenses, and afford bucket list dreams (travel is the number-one bucket list dream in retirement). Since January of 2021, with the Biden presidency, overall inflation has increased 16%. However, inflation has had a different impact…