You all overpay income taxes to the federal and state governments.  As a wealth advisor and CPA, I can tell you the easiest way I have found clients a lot of money is by just concentrating on their tax returns.  While I never met any person who wanted to pay more in taxes, from my experience you ignore how to pay less taxes.  I am speaking of overpaying taxes and by thousands if not tens of thousands of dollars, annually.  This results in you working more years of life and working harder in your job. It also lessens the probability you are earning the cash flow you need to live the life you want now and in the future.

Everyone has heard of compounding.  Most associate it with compounding interest or money growing on money via long-term investing.  Einstein once said those who understand compounding are rewarded by it.  Those who don’t pay it.

In my experience, most know compounding intellectually but don’t believe it and certainly do not make long-term investing decisions on it.  In fact, most make decisions that are “anti-compounding” or my term for not harnessing its power.  Those who don’t like Einstein’s quote pay for this lack of knowledge by working longer and harder in life and not living the life they wish now or anytime in the future.