The TK Show

Do we know what NASA stands for?  Why is America spending billions of dollars on this program?  Listen and get surprised by the unknown facts and why Haile Sellassie I University (HSIU)  students of academic year 1969-1970 (including me) were wrong  in their skepticism

Start simple with your age and income and compare the rules and tax benefits of both. Although both of them are taxed at the current rate one is paid when you deposit and the other is taxed when you withdraw. They both have time restrictions as to when you can withdraw.

Rental Real Estate irs.gov/ Schedule E. How to handle if we have rental property business.  Classifications, Type of Property: Single Family Residence, Multi-Family Residence, Vacation/Short Term Rental, Commercial, Land or others  We will discuss, what to put on your lease, the Landlord/tenant relationship.  Avoid Discrimination,Rights of Disabled Tenants, Reasonable Accommodations, Accessibility, needed Modifications Rental Applications and more

Rental properties could be Single Family Residence, Multi-Family Residence,  Vacation/Short Term Rental, Commercial, Land, Royalties etc.

Detailed expenses should be kept on each property based on their property addresses.  Schedule E of the IRS will show the items to be included. In addition to the expenses outline on the form we will explain other items to be included.  Moreover we will discuss other expenses that could be included and items that have to appear in the lease agreement.

If your business is not a Corporation (1120 C or 1120 S), If you are not a Partnership (1065) then all you need is Schedule C.  An LLC with only one owner also needs Schedule C. This is a very important schedule for one owner businesses.  A must listen

What is the definition of disability? How long do we have to work to get the benefit?

Retiring at 62 is considered early retirement.  For doing that you could loose about 25 % of your full retirement money ie if your full retirement (66) is say $1,000.00 your early retirement benefit will be around $750.00

Do you have to wait until full retirement ie. 66 or increase your benefit by staying until 70?  Carefully listen to the show.  The answer is it all depends

If you live in the US, buying a home is in most cases very apparent.  We tend to believe that buying a home is an investment and it mostly is.  This topic that started last week will go for the third week as it a broad topic.  On tonight's show we showed some of "The Dirty Words that we get from the Lender"   Here  it explains how we could avert the negative responses from our lender.

You may have to listen to all the 3 shows to understand it in full.concept and reality of MORTGAGE

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Whenever mortgage rates are rising or falling some will tell you "it is time to buy or sell?"l.  Is this the right decision?   It depends. 

It is not that simple since we have to satisfy so many factors, that is why we need to get prepared for this long  time commitment.