Author - Troy Von Haefen, CFP®

1
Spring Cleaning
2
The S Corporation and Tennessee Taxation
3
Our Crazy Times
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The Power of Taxable Investing
5
Do You Eat the Icing First?

Spring Cleaning

Spring is officially here….finally!  Even though yesterday looked more like January with blowing snow, the calendar says it is spring. With spring comes spring cleaning.  We should also look to do some tidying-up in our financial world, as well.  Here are a few tips to spruce up your 2014.

1. Complete your taxes!

If you haven’t already filed your taxes, get them done.  Remember the taxes you are filing belong to last year.  The numbers and information are history. We are looking backwards when we prepare last year’s taxes, and, if you want to be financially successful, we need to …

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The S Corporation and Tennessee Taxation

This blog post will not touch most of you, but, for those of you it does touch, it will be very important.  As a fee-only advisor, I work with many different types of business owners, and today’s post is meant for those who own S Corporations.

More and more small business owners are establishing their businesses as S Corporations.  This business structure has several benefits, but it also has some pitfalls that can lead to unexpected taxation.

As a pass-through entity, an S Corp passes along income (and losses) to the business owner.  Generally, an S Corp doesn’t pay tax …

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Our Crazy Times

With congress finally coming together last week to reopen the government and securing our debt payments (which by the way really wasn’t in jeopardy), I thought it might be a good time to share my thoughts.

The deal which was stuck doesn’t solve the issue. It simply moves the timeline out to early next year. This leaves us with the possibility of facing this situation again in January or February of 2014.

What did we learn?

The takeaway from this period of political and economic uncertainty is that the sun will still come up tomorrow.  The government has shutdown 17 …

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The Power of Taxable Investing

As a fee-only financial advisor who is always looking at the tax impact of investing, I often write about the importance of pre-tax investing.  Whether it is in a 401k/403b, SEP, SoloK, or a traditional IRA, creating a tax deduction by investing for your future is certainly a home run.  In September of 2011, I penned the article titled 401k: Still the Best Game in Town!  The post was an example of my belief in the power of pre-tax investing.

Unfortunately, we often are limited to the amount we can invest on a pre-tax basis.  The tax code limits how …

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Do You Eat the Icing First?

How do you eat a piece of cake?  Do you eat the cake part first and leave the icing to be relished at the end? Or, do you take a more balanced approach, and grab a bit of each in every bite?  Maybe you go straight for the prize and delve into the frosting without remorse. Well, interestingly enough, our habits (even how we eat) can say a good deal about many areas of our life.

M. Scott Peck wrote in one of his books that he had a major breakthrough with a therapy patient after witnessing her eating a …

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