Guidance on personal financial decisions that intersect with business ownership, from retirement and investment planning to wealth protection and growth.
46 articles
October 4, 2018
A few years ago, I wrote an article on gold and the fallacy of so-called “safe” investments. One of the major points in that article was that (over the long-term) “low risk” investments can be very expensive because of opportunity cost. Compounding interest is powerful, and the change of a few percentage points of return […]
February 19, 2018
20 numbers, facts, and tips every self-employed American needs to know:
February 2, 2018
“We don’t know what it was but we had it We don’t where it went but we lost it And it may never come back again but I sure wish it would We don’t know what it was but it sure was good” – George Jones and Tammy Wynette – “It Sure Was Good” A lot […]
December 29, 2017
Analysis of the Tax Cuts and Jobs Act (Trump/GOP Tax Plan) Congress recently passed the most comprehensive tax reform in three decades. And suddenly, I’m a popular guy. People who would normally cross to the other side of the street when seeing a CPA approaching them, or who would avoid me at parties – fearing […]
December 22, 2017
2018 Tax Calendar 2018 and all of its tax deadlines are upon us! Below is a quick guide of the most important dates to keep in mind this calendar year. Take a careful look as and mark them on your own calendars: January 15th: due date to pay 4th quarter estimated taxes. January 31st: Due date […]
September 25, 2017
“Everyone loves a witch hunt as long as it’s someone else’s witch being hunted.” ― Walter Kirn Every single one of us is guilty of some kind of hypocrisy. Try as we might to avoid double standards, we will all have some. After all, we’re only human. But the double standards that fascinate me are the […]
March 11, 2017
“Debt can be a very good thing. The calculations are pretty simple. Some people just seem to think I’m lying to them with math.” – Me (Micah Fraim) – just now People hate debt. It is almost universally viewed as negative – and in many cases with good reason. Certain kinds of debt (high interest […]
December 15, 2016
2017 and all of its tax deadlines are upon us! Below is a quick guide of the most important dates to keep in mind this calendar year. Take a careful look as quite a few deadlines have changed this year! January 17th: due date to pay 4th quarter estimated taxes. January 31st: Due date to send […]
November 29, 2016
I am far from an investment expert – and I’ve never tried to be one. I’ve always contended that a financial advisor has a very different skillset than an accountant – and that those who try to be both are rarely good at either. But an image that came across my LinkedIn feed last week […]
January 11, 2016
“Money is an opportunity for happiness, but it is an opportunity that people routinely squander because the things they think will make them happy often don’t”– EW Dunn Graduating from college is one of the most significant life achievements in many people’s lives. Especially in the life of a young person – it very likely […]
January 4, 2016
2016 and all of its tax deadlines are upon us! Here’s a quick guide of the most important dates to keep in mind this calendar year: January 15th: due date to pay 4th quarter estimated taxes. February 1st: due date to send out 1099s and W-2s to recipients. February 15th: healthcare open enrollment for 2016 closes. […]
January 2, 2016
Over the past month I have been featured on a number of different publications. I wanted to archive the links to them here for any readers of the blog: MSN Money asked me and some other tax experts about tax breaks for specific professions Fit Small Business featured my advice on the caveats when putting […]