Right after New Year’s I start to get that nagging feeling. You know the one. It’s tax time again. Why do I have so much anxiety about this time of the year? It’s because so often I’ve gotten a really big unexpected tax bill. Because I’m self-employed I get to enjoy a special kind of hell […]
“That’s a x#$% rip-off!” I shouted. “Why do I have to pay 40% in taxes on the amount I earned extra this year?!” That’s how a recent conversation with my own accountant went this past week. My accountant was surprised I reacted that way. I’m sure he was thinking, “please don’t shoot the messenger.” Needless to […]
Are you sitting on a pile of cash? Does cash make you feel better or safer? For some of you it might make you sleep better at night to have a pile of cash that you could ski down. Some people think the financial system might stop working (hmm sounds familiar). Others hoard cash in case they […]
If you’re self-employed you’ll never get a real vacation again. I read an article on the truths of self-employment recently. I’m in complete agreement that you can kiss your real vacations goodbye. I’ve been self-employed the majority of my 22 years in financial services. And I really wouldn’t have it any other way. But once you […]
We’ve all heard the phrase, “Money is the root of all evil.” After 22 years of counseling hundreds of investors and savers, I’m pretty sure it’s procrastination. Procrastination can kill you when it comes to saving. Putting off saving, investing or planning for the future can be detrimental to your financial health. You’ve also seen […]
Remember that time you had that unexpected repair or a client didn’t pay you on time? Or you lost that big account that generates a ton of revenue? As a business owner, there’s nothing quite as stressful as getting blindsided by an unexpected financial blow. And as a business owner, you know you need to prepare. But […]
Have you thought about dying lately? Most of us don’t. However, my daughter had a close friend pass away recently. This shocking and unexpected event got me thinking about death and how fragile our time here really is. In fact, as a financial planner I started thinking about estate planning, and why so many of us put […]
A couple of years ago I was asked, “What’s in your wallet?” I wasn’t being asked if I had the best rewards credit card. I was talking to my doctor at the time, complaining of lower back pain. When I showed him this bulging folded cow hide, that unfortunately had everything in it but the green stuff! Men and […]
February 27th is officially No Brainer Day. I know what you’re thinking. Wow, the perfect holiday for me! I said exactly the same thing. Let’s start with the definition of a “No Brainer”. It’s doing something that is simple, easy, obvious or totally logical. So don’t do the activities that require in any mental work. How […]
Every year someone asks me how much they can actually contribute to their 401(k). There seems to be a ton of confusion. Some 401(k) participants seem to think it’s a percentage. They are confused by the match percentage. Somehow they have confused that’s the max that they should contribute. Not true, that’s the max contribution […]
About David Dedman
David A. Dedman is President and Founder of Lexington Wealth Management, a wealth management and 401(k) advisory firm. David has been assisting investors and business owners invest smarter, grow wealth and plan for the future for over 20 years. David has appeared in such publications as WealthManagement.com and the Huffington Post.
- Fear and Greed: Still the Great Motivators April 1, 2012
- 5 Reasons to Do Financial Planning…Even During A Zombie Apocalypse March 22, 2012
- Sudden Wealth from a Life Event? July 17, 2014
- 10 Simple Rules For Building Wealth-Part 1 of 3 June 4, 2013
- Oh No! Not Another Market Correction! April 11, 2012
- Can’t Pay Your Taxes? Here Are Your Options March 24, 2015
- Self-Employment Taxes are a Special Kind of Hell March 17, 2015
- Hoarding Cash Like Apple? March 12, 2015
- Self-Employed? Kiss Your Vacations Goodbye March 10, 2015
- Money Isn’t the Root of all Evil…it’s Procrastination March 5, 2015
- Can\'t Pay Your Taxes? Here Are Your Options | The Diligent Advisor: […] so often I’ve gotten a really big unex...
- Self-Employment Taxes are a Special Kind of Hell | The Diligent Advisor: […] how a recent conversation with my own ac...
- Hoarding Cash Like Apple? | The Diligent Advisor: […] come in handy. I’ve heard of people ke...
- Self-Employed? Kiss Your Vacations Goodbye | The Diligent Advisor: […] read an article on the truths of self-em...
- Money Isn’t the Root of all Evil…it’s Procrastination | The Diligent Advisor: […] tight, I’d be a billionaire by now! Ev...