Tom's Resources
Financial freedom is closer than you think. Use these resources to get you on track and to stay on track. To your wealth!
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Wealth Evaluator
The Wealth Evaluator helps define your wealth goals by identifying the amount, return or number of years required to reach your financial freedom.
Tom's Blog
Do I have enough to retire?
I recently received this question from an Ask Tom Live: Tax Edition subscriber: I have $171,000 in a traditional, self-directed, checkbook IRA. That is where my wealth is stuck. I know I'll have to pay taxes since I didn't pay any while in the 401k and now a...
The Hidden Tax: Inflation
I refer to inflation as a hidden tax because it can dramatically increase a person's taxes without that person ever realizing just how much more in taxes they are paying because of inflation.
Something you never want to do with a tax shelter
Never ever put a tax shelter investment inside another tax shelter.
3 Tips to Improve Your Real Estate Reporting
Real estate is one of the most complex areas when it comes to tax law. It is also one of the most complex when it comes to reporting.
Increase Your Knowledge, Decrease Your Risk
I'm big on education. With education, your knowledge increases and your risk decreases.
How to Leverage the Information in Your Balance Sheet and Income Statement
If you've heard me talk about reporting, you know the Balance Sheet and Income Statement (Profit & Loss Statement) are not my favorite reports.
Top 3 Tax Mistakes with Like-Kind Exchanges
Like-kind exchanges are wonderful and powerful tools to use in tax and wealth strategies, but ONLY when used correctly.
The Best Person to Build Your Wealth
You are the one who is best able to identify wealth building opportunities because you are the one who is in the day-to-day activity and that is where the opportunities are. Plus, no one cares more about your wealth than you do.
Legally Deducting Your Vehicle
One of the most common tax deductions I see missed on a regular basis is the tax deduction for the business use of a personal vehicle.