Most of us assume that the Internal Revenue Service rarely does us any favors, and that assumption is accurate, most of the time. However, the IRS does, on occasion, forego its “tithe” from funds that would otherwise be subject to either taxation or even an added penalty.
You’ve no doubt heard the expression, “Hindsight is 20/20.” But, according to extensive research by psychologist and researcher Philip Tetlock, that may not be the case, especially with highly educated, intelligent, and well-informed experts (yes, you read that correctly).
It is a well-known aphorism: “Those who do not learn from history are doomed to repeat it.” And certainly, it is foolish to ignore the lessons of the past.
Once again, IPO fever is sweeping the tech sector. In May 2012, everyone was talking about Facebook’s initial public offering, which raised more than $16 billion and instantly made founder Mark Zuckerberg one of the world’s wealthiest people.
If a few million dollars—or more—fell into your lap tomorrow, what would you do?
© 2021 Bernhardt Wealth Management, Inc.. All rights reserved.
