Nick Fortune

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The recent college admission scandal involving Lori Loughlin (who played Aunt Becky in the Full House TV series) and others is shedding light on just one way people allegedly cheat on their taxes. Here are examples of some famous people in tax trouble with the IRS and helpful hints to make sure it doesn’t happen to you: … Read more

Effective tax planning helps you make smart decisions now to get the future outcome you desire — but you need to make sure you don’t miss anything. Forget to account for one of these situations and your tax plans will go off the rails in a hurry: 1. Getting married or divorced. One plus one … Read more

When one business partner dies, that deceased partner’s portion of the business transfers to their heirs, usually the spouse. In small businesses, this means that death of one partner means that the surviving partner is now in business with the spouse. Many times, the spouse of the deceased partner can wreak havoc on the business, … Read more

Start early, keep it simple, and don’t try to hide stuff from your creditors. There’s a gambling saying that goes something like, “If you want to be a winner, you have to walk away from the table a winner.” One time-honored method of reaching this result is to systematically take your chips off the table … Read more

What is the best way to invest money to make money? This video covers some ideas that you can use to invest your dollars for a better return. With over 25 years of investing experience, Nick Fortune of Fortune DNA is a sought after expert for investing strategies.

Unless you’ve been hiking through the Amazon jungle for the past year, you have most certainly heard about the Tax Cuts and Jobs Act (effective January 1, 2018). Furthermore, if you own a small business or own real estate, the topic of the 199A or 20% pass-through deduction has crossed your mind, or at least … Read more

Sir Winston Churchill said, “Those who fail to learn from history are condemned to repeat it.” Today, March 25th, 2019 showed us the writing is on the wall one way or another. Either investors will make a recession a self-fulfilling prophecy or the market will drop under its own weight; and it should. Companies are laying … Read more

Recently, many financial advisors have started to recommend using investment grade insurance contracts to supplement retirement savings. This unique savings vehicle has changed the way advisors around the country view insurance contracts. Insurance contracts in general are some of the most often misunderstood financial vehicles on the planet and yet they offer some opportunities that … Read more

If you think probate costs are insignificant… think again. For example, Elvis Presley left a $10.2 million estate. But probate costs were $7.2 million, leaving only 28 percent of his estate for his heirs. A worse example is Marilyn Monroe who left an estate worth more than $1 million that took 18 years to probate, … Read more