January 23, 2024

Retirement Resilience Safeguarding Your Golden Years from the Top Three Planning Pitfalls

The prospect of retirement is a culmination of a lifetime of hard work, dreams, and aspirations. Yet, amidst the excitement of envisioning a life of leisure and exploration, the journey requires a strategic approach to avoid potential pitfalls that could threaten your financial security. This article delves into the top three pitfalls of retirement planning, […]

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What is a good monthly retirement income?
January 9, 2024

Navigating the Threshold: Understanding the Limits for Income Tax Audits

In the labyrinth of taxation laws, the term income tax audit often sends shivers down the spine of taxpayers. The prospect of having one’s financial records scrutinized by tax authorities is a daunting one. However, like any legal process, income tax audits have their limits regarding income thresholds and specific criteria. In this article, we […]

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January 5, 2024

Finance and International Trade: A Review of the Literature

Finance and international trade are two inseparable components of the global economy. In the increasingly interconnected world, the relationship between finance and international trade has become more significant than ever before. This article aims to provide a comprehensive review of the literature on the intricate linkages between finance and international trade, shedding light on the […]

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Terry Selb's Advice on COVID-Related Tax Traps
December 21, 2023

The Final Expense: Can You Claim Cremation on Taxes?

Tax season is when individuals and families seek opportunities to reduce their tax liability by claiming deductions and credits. While many tax deductions are well-known, some lesser-discussed expenses, like cremation costs, may leave taxpayers wondering if they can find any relief. In this article, we’ll explore whether you can claim cremation on taxes and the […]

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Terry Selb-Understanding the Severity of a Tax Audit
December 11, 2023

Understanding the Severity of a Tax Audit

Tax audits are a source of anxiety and concern for many individuals and businesses. The idea of the IRS or state tax authorities scrutinizing your financial records can be daunting. But just how serious is a tax audit? In this article, we will delve into the various aspects of a tax audit to help you […]

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Terry Selb
November 23, 2023

Beyond the Horizon: A Holistic Approach to Crafting Your Ideal Retirement Plan

The prospect of retirement is both exciting and challenging, representing a significant life transition that requires careful planning. Crafting the best retirement plan involves more than just financial considerations; it requires a holistic approach encompassing lifestyle preferences, health and wellness, and pursuing lifelong passions. This article will explore a well-rounded strategy for planning your retirement […]

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Who Faces the IRS Audit Spotlight?
November 4, 2023

Who Faces the IRS Audit Spotlight?

Every year, millions of Americans file their tax returns with the Internal Revenue Service (IRS). While most taxpayers aim to accurately report their income and deductions, the fear of an IRS audit looms large for many. Various factors, such as income level, filing status, and the beliefs claimed, determine the likelihood of an IRS audit. […]

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October 26, 2023

What Constitutes a Good Monthly Retirement Income?

Retirement marks a significant life transition. It’s the time when you bid farewell to the daily grind of work and embrace leisure and relaxation. Yet, to truly enjoy your golden years, you need a strong financial foundation, with a key component being a good monthly retirement income. In this article, we’ll explore the elements that […]

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October 18, 2023

Who Gets Audited by the IRS the Most?

Tax season is a time of year when many Americans experience anxiety and anticipation. While most people aim to file their taxes honestly and accurately, there is always the underlying fear of an audit by the Internal Revenue Service (IRS). The prospect of an audit can be daunting, and understanding the factors that may increase […]

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September 20, 2023

What is the 4% Rule in Retirement Planning?

Retirement planning is a critical aspect of financial security in our later years. It’s a complex puzzle involving many variables, including savings, investments, Social Security benefits, etc. One popular guideline that has gained prominence in recent years is the “4% rule.” In this article, we’ll explore the 4% rule in retirement planning and its reliability. […]

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