by Leif Jensen | Jul 18, 2022 | Taxes |
I have had a number of clients who sell their buildings and then call me up and want to talk about setting up a 1031 exchange, since they don’t want to pay the taxes on the huge gains they just made. A 1031 exchange is a real estate investing tool that allows...
by Leif Jensen | Jul 13, 2022 | Taxes |
We have had a number of clients upset because they don’t qualify for the Illinois Senior Freeze. As we know HOUSEHOLD income cannot be over $65,000. Now this is not taxable income or adjusted gross income. This is all income; most seniors have a portion of Social...
by Leif Jensen | Jul 12, 2022 | Retirement |
The dreaded 72-T calculation, who is doing yours? I ask that question, because we picked up a new elderly client this past tax season and she expected me to do the calculation for her. Having been compliance for a group of financial advisors in a past life I know...
by Leif Jensen | Jul 11, 2022 | Rant |
Years ago, the Social Security Administration when you reached a certain age used to send out statement just before people’s birthdays showing projections on how much Social Security they would be receiving at various levels. They stopped the practice of mailing out...
by Leif Jensen | Jul 7, 2022 | Running a Business |
Having the right mindset is a critical foundation to running a business. On a typical day, close to 60,000 thoughts will cross your mind, and that same phenomenon will occur within the minds of everyone with whom you work. The question is, How will you harness the...
