by Allan Phillips | Education, Retirement
With the passage of Secure 2.0, many people are revisiting the 529 plan and its role in their financial plans. The most common objection to 529 plans is usually around the lack of flexibility. The concern is not all funds will be needed for college, and this money...
by Allan Phillips | Insurance
A few days after this last Christmas, I pulled our minivan into our garage. My family had just driven five hours from my parents’ home. We were tired and glad to be back. In the back of my mind during the drive was the thought of how cold the past week had been. We...
by Allan Phillips | Retirement, Taxes
A solo 401k is a retirement plan for self-employed individuals and their spouses. This type of 401k plan is sometimes called an individual 401k or a self-employed 401k. E-Commerce businesses are usually excellent candidates for these plans, as many don’t employ...
by Allan Phillips | Charitable Giving, Taxes
As you grow your income and financial assets, you’ll inevitably grow your tax bill too. It’s a byproduct of building wealth. How you feel about taxes might depend on your political leanings. However, if you’re like everyone I’ve met, you don’t want to pay more...
by Allan Phillips | E-commerce Business
Nassim Taleb uses the barbell strategy to manage his financial risk. How can this help e-commerce owners? It helps to understand the larger picture. Taleb coined the term “Antifragile” in his book of the same name. We understand the meaning of “fragile” well...
