Live A Life By Design Blog

Did You Abandon Your Future?

With all of the disruption in the economy, one negative result was the loss of jobs. From the perspective of the employee, the news of a layoff is devastating. To further complicate the financial situation, the employee, focusing on the current cash flow needs of her family, forgets about one of the largest opportunities that […]

The Millennial Perspective: A Family to Call Their Own

Many millennials, wrongly. get a bad reputation for “ruining” everything. One of the acts we have been blamed for is ruining the traditions and norms for starting a family. However, there are many reasons why millennials are starting families later in life than previous generations. In a previous article, I wrote about the cost of […]

Clarifying Tax Law Confusion

Last month, President Trump issued an executive order to provide employees relief from withholding taxes. The result is additional take-home pay for the employee. This article focuses on the mechanics and results of this order. I will also opine on the impact of such order to the solvency of the Social Security Benefit Program which, […]

Taxes

Social Security Funding Challenges

Social Security benefits are considered sacred territory by elected officials due to the large number of voting beneficiaries. This important “third rail” of untouchable programs started with a mission and purpose that was admirable. However, the projection of beneficiaries compared to those taxpayers funding the program has been dealt a significant blow lately. To provide […]

Retirement Planning and Tree Planting: Common Traits

An ancient Chinese proverb states, “The best time to plant a tree was 20 years ago. The second best time is now.” What do tree planting and retirement planning have in common? Both reward you by starting early and expecting the harvest much later in your future. One of the “seeds” we plant in the […]

Couple Retired on Beach

Eliminating the Top Three Fears of Pre-Retirees

Retiring is a big step in life for most people. Along with this new lifestyle comes the fear of the unknown. You do not have to be subject to these fears if you simply follow the process outlined in this article. Let’s identify three fears causing the greatest concern for pre-retirees. First, most people have […]

Jimmy J. Williams walking in town center

Time — Your Most Powerful Savings Weapon

The most powerful factor to assist in the planning for your future is time. However, time is also the one factor of investing that you can’t control. What do you do?  To properly unleash the power of time in the calculation of compounding interest, you must start early to invest. You have more control over […]

The Millennial Perspective: Office Space Evolution

The traditional office space can be described as a cubicle or office with a desk, chair, and computer. However, the traditional office space has started to evolve for some. If you look at tech companies like Google, their office spaces are far from “traditional.” More and more businesses, especially those that have a large number […]

phone, pencil, notepad

Three T’s of Successful Retirement Planning

Making a major life decision is not to be approached in a haphazard manner. Many people underestimate the impact of retirement on their lives and have “buyer’s remorse” once the process is complete. How can you experience a more positive and proactive outcome to retiring? Simply follow the “3 T’s” outlined below and you will […]

Selling the Farm? Think About This Tax-Saving Election!

You worked your entire life and a significant amount of your family’s wealth is tied to the family farm. This scenario is experienced by many families in the U.S. How do you obtain your value from the land and pay the least amount of income tax? There is a way. The income tax laws, referred […]