#1 : Sir John Templeton: “Invest at the point of maximum pessimism.”
#2 : “Raise the deductibles on your motorcar and residential insurance.”
#3 : For simple federal tax-exempt wealth transfer, make $14,000 annual gifts to kids and grandchildren. It won’t delve your $5.25 million lifetime exemption from gift and estate taxes.
#4 : Be a tax-smart investor. Hold nonexempt bonds in an exceedingly 401(k) or IRA.place individual stocks in taxable accounts therefore you’ll sell losers to reap tax losses.
#5 : For the most important tax benefit once donating collectibles to charity, check that they’ll be displayed and not sold .
#6 : Put various investments like property (but never collectibles) in your IRA.
#7 : Keep a watch on—but don’t obsess over—mutual fund fees and expenses.
#8 : Beware affinity fraud; notice God, not hot investments, at your church, temple or musjid.
#9 : Diversify, but don’t overdo it.
#10 : Consider your wedding tax penalty (or bonus) before setting a marriage date.
#11 : To make cash in small-capitalisation stocks, hunt for novel business strategies and niches, notsubsequent blockbuster drug.
#12 : Never strive against a mortgage only for the deduction.
#13 : Before funding faculty accounts make certain you’re saving enough in your retirement accounts.
#14 : When shopping for a luxury home, ignore superfluous amenities like massage rooms and pet spas; they won’t contribute to selling price.