Howard Martell’s First Visit with the Dr. Jeffrey Lant


FREE consultation ($150 value). Expert shows you how to make money online.Call (757-647-2886) 24/7 Or Skype me homeprofitcoach NOW! Profit today!” Your success guaranteed.

BY Howard Martell President of

My day started off great.  I woke up early and motivated to finally meet the CEO of my online home business which has helped me grow so much in knowledge of marketing using automation , history, and finally learning the art of writing good article content.

The drive was quite pleasant, for only being only 2 hours away from  the hotel where me and my wife were staying in Connecticut, while visiting family. As we entered the Cambridge area, wow was it beautiful and quite hard to navigate through all the one way streets and round abouts. I finally asked a local Cambridge man wearing a Boston Red Sox cap, “Can you tell me where Follen Street is located”?  He said “Its the last brick building on the right hand-side after the stairs”. I told him Happy New Year.

I walked towards the red, brick building and finally saw the correct number and was quite happy and looking forward to finally meeting Dr. Lant. As I rang his suite number, the door opened. I traveled towards the right hand side and took the elevator up 5 levels. When I turned the corner to enter, the first thing I saw was this vibrant and famous red room which he shows to the world online. The color and the contrast I saw when walking into his home would take any historians breath away.  He greeted me and shook my hand with a sincere look and smile and told me and my wife please come in.  Dr. Lant, as you know is a noted Historian and has at his home a life-like museum which has taken him over 20 years to procure. All of his collection worth millions.  Our tour started in the blue room, which is where he keeps his office. We were being very careful not to lean against or brush into any of his collection. This room was so vibrant, it felt like we were walking at a Hollywood Red carpet event.  The chandelier is the highlight of the room.  It was completely made of sparking diamonds.  When you first come into the room you see his computer monitor and next to it all his papers from which his masterful articles come to life for the whole world to see. This is where he sits and works his magic from 4:30 in the morning till 4:00 pm everyday. He has these beautiful columns made of rare marble and topped with gold. Finally the emperors chair, as we call it, is not a fancy chair but a sturdy black wooden chair with a pillow for his back.

Proceeding to the next area he has pictures of all the head of states autographed and in protected frames.  The paintings, from the 16-18 century, come to life as you stare at them.  There were these emperors chairs that were well restored and the stitching was something you will never see in your lifetime. As we continue on, he told us history of each piece of his collection down to these beautifully detailed clocks of pure silver and gold.  He has a special hand-picked team help him restore each and every piece of his living museum.

After the tour, Dr. Lant and I were helping get some lunch ready for all of us.  It consisted of Tempered Shrimp, and some yummy looking pigs in a blanket. I was offered some Sherry with cream and it went down your throat smooth and warmed your entire belly.

Dr. Lant wanted us to take pictures of his collection while he was broadcasting live to the world, helping our thousands of members and growing globally with closing of sales. So I started in the red room and started snapping shot after shot of all of his collections. As I was waiting for my que to come into the blue room, I was taking pictures of Dr. Lant broadcasting to the world. I spoke with my wife and explained to her what he was doing and we were saying to each other “he surely does have a passion for reaching out to people and in a direct but sincere manner”.  His words are cutting edge like a sword, but reach up and grab your attention with every sentence coming out of his mouth. The live web-cast was 20 minutes long. As we listened to each sentence coming out of his mouth, we could truly tell he loves helping others to become not only better marketers, but better well cultured people.

Dr. Lant called to me and said you will be sitting in my chair in 15 minutes. As the time approaches, I was nervous but excited to share with the world what I had seen so far.  His chair was comfortable and well positioned for the world to see the first ever Monitor who came to visit the good Dr. Lant and his collections.
As I spoke into the mike it was just like me broadcasting from my home but without all the vibrant colors and sitting in the CEO’s Emperor’s chair as we call it.  My voice was sharing what I could remember since arriving into Dr. Lant’s world.   The time flew by as I shared my experience with the world on what 2011 will be like for all the World Profit Dealers globally. So hold on to your seats everyone and get ready to have your world rocked with automation is what I said, and thanked Dr. Lant, George Kosch, and finally Sandy Hunter for helping me  and others make a nice residual income which keeps on growing following a proven system.

Dr Lant, then took over and shared what he thought about all of what I said and thanks me for coming up live to the world to share my experience. We all decided after a long day that it was time to conclude our day with a nice dinner at a local hotel, less than  1 block away from his home. Dr. Lant spoke to us while  we carefully navigated the snow and ice of the red brick walkway and was  explaining each detail of all the historic events within the
Cambridge area in detail. We all entered the restaurant and Dr.Lant was greeted by all the staff members with respect and admiration as we were seated.   The conversation ranged from history, religion and finally asked Dr. Lant about where he thought World-profit’s were going in 2011 and he said just wait and see what George has in store for you and all the members.  I was thinking to myself while seated, this seemed surreal that I was here with the CEO of the company that I work with online.  This is unprecedented in the history of Internet Marketing. I just smiled and thought feel so blessed to be in the presence of a pioneer online.

As we sat down and talked, I could tell he was enjoying the dinner and the company as we were following along with all he was saying. For all the nay-sayers who don’t like Dr. Lant and call  him a scam artist,  he is quite frankly  an honest business man.   My first impression of the him is that he is sincere and wants to help anyone who wants to invest time and effort into any of his or her businesses online.  So stop the negative press, you’re only helping him write more articles and get more exposure for the company.

In closing, as I had a private goodbye with Dr. Lant, I shared  my thoughts and told him my wife enjoyed the experience but fully didn’t understand why I do what I do and why this was so important to me. He said, most of the wives who have husbands who work online, feel at times that the business is taking away from their family time.  When in reality, it is helping create more time for your family. As I was about to leave, Dr. Lant gave me a nice fatherly hug and told me to drive safe and was looking forward to my next visit to Cambridge. He told me you’re well on your way to becoming a millionaire.  Keep up the work you do as Senior Monitor and you are positioned for success online now. Walking away, I was so blown away and felt so empowered that the CEO thought that much about me. This article shows each and everyone of you who is struggling online that dreams can come true and that through having the right system and education the world is your oyster.

Thank you,

ABOUT THE AUTHOR: Howard Martell is the President of HOMEPROFITCOACH.COM and has worked online for well over 12 yrs part time while holding down a full time career of  over 18 and half years active duty US Navy. For the past year, with World Profit online, he has helped people create residual income using automation.
FOR MORE INFORMATION FEEL FREE TO COMMENT ON HIS BLOG or call him at 757-962-2482 serious inquires only!!!

Visit my site for the following free goodies: Since 1994, Sandi and co-founders Dr. Jeffrey Lant and George Kosch have built Worldprofit into the company known as the

Words of wisdom from a professional internet marketer


Hello, My name is Howard Martell, AKA HOMEPROFITCOACH IN LLCConsultant and Business Coach.

I want to share some important information with you today in reference on how to properly leverage the correct tools online for maximize traffic exposure.

A little about myself been marketing for over 24 years online, and wasn’t until left my first career serving The Great Republic in the US Navy for 20 years as Cyber security professional that really realized what being a professional marketer and coach entailed.

My story is short and sweet hard working eager online marketer who needed assistance with how to properly build a list of solid clients globally and capture resultant sales.

In 2009 December one of my good marketing friends kept telling me about Worldprofit, and eventually signed in as a free associate and that same day joined as Silver Member.


Some of the tips I will provide can be utilized in any business:


Steps Involved In Starting A Successful Online Home Business


STEP 1: Obtain licenses.


STEP 2: Find a reliable hosting service for your website.


STEP 3: Make sure the look of your website is captivating, efficient, and that everything works.


STEP 4: Establish an online presence with social media and marketing sites. 


STEP 5: Ensure there is meaningful, well-worded information on your website. 


STEP 6: Establish business e-mail account list.


STEP 7: Put your contact information on your website. 


STEP 8: Employ or engineer word-of-mouth advertising on blogs, feedback on other people’s blogs, promotions, et cetera. 


STEP 9: Using keywords and dense document content will move your business up in Google’s ranking. 


STEP 10: Organize and keep receipts for internet connection, electricity, and any other business expenses for tax purposes. 


STEP 11: Make certain to file the correct business tax paperwork for tax time. 


STEP 12: Get insurance for your business, if necessary.


STEP 13: Start making money, pay your taxes in time and Enjoy your life!





Word of Advise: Try to avoid Internet scams if you are getting started with a internet based business. Many work-from-home opportunities advertised over the internet are scams and will try to charge you fees. Do not purchase expensive kits, books, or systems designed to make money. If they feature videos of people with expensive homes, cars, and images of “real checks” by the owner, do not buy into the scam.


That said, there a few reputable companies online that will pay you, although generally not in very high wages. Better to start your own business and create your own opportunities!




Tips On What To Avoid With Your Internet Business


  • Since a feeling of isolation can come from working online, make certain to take breaks and get out of the house often.
  • Keep your working hours within reasonable limits. If your business grows to big too handle by yourself, hire an employee.
  • Allowing interruptions is not wise. Inform everyone in the family of your working hours and do not allow interruptions to invade those hours.
  • Establish a clear and organized work space. No matter how small your home is, there must be an established area for work space. Do not mix your home stuff with your work stuff. Keep it organized for success.
  • Not creating a schedule is like driving without directions to your intended destination. A schedule is a necessary component of successful online businesses

God Bless,

See you at the Top,

Howard Martell Homeprofitcoach Inc LLC

Virginia Beach Va

Office: 757-647-2886 Skype: homeprofitcoach

13 Big Time Wasters for Any Small Business Owner

FREE consultation ($150 value). Expert shows you how to make money online.Call (757-647-2886) 24/7 Or Skype me homeprofitcoach NOW! Profit today!” Your success guaranteed.
Have you ever looked at your watch or the clock and thought, “where did the time go?”
The day only has so many hours so you want to use your time as effectively and efficiently as possible – especially if you are running a home based business by yourself.
In no particular order, some of the worst time wasters for any small business owner are:

#1: Disorganization

“I know it’s here somewhere”.…

Have you ever had to say or think this when you were on the phone with someone or needing something to work on a task? Maybe you can’t find what you need quickly because of the pile(s) of scattered papers on your desk. Maybe your online organization is weak or even non-existent.
Disorganization is one of the most common causes of wasted time and slowing down work production. Also, it increases the risk of missing important deadlines or just plain forgetting something.

Solution #1: Spend some time to declutter your workstation. Get a desk organizer and folders (a must if you’re constantly submerged with paper hard copies). Label your folders as required and put everything in its place before you leave work each day.

Solution #2: Create a schedule/checklist. A short one for daily activities and one for the beginning and end of every week. At first, it may seem like its extra work but in reality, documenting exactly what you need to do, and checking off the list as you do each item, will help you keep track of progress and move from one project to another, without wasting so much precious time in between.

#2. Procrastination
At some point in your working life, you’ve probably encountered some, if not all, of these time wasting factors. But now you have no more excuses.

#3: Online Distractions, conducted a survey and found that 80% of workers admit visiting non-work related websites while on the clock. These included social networks, online games, emails, instant messaging, online shopping, etc. It can be very tempting to check something out for work and then wander off for a few minutes here and there before getting refocused to the job at hand.

Solution #1: Block your personal social media accounts if you can’t quit checking every few minutes, Google Chrome has an extension called “StayFocused”. It allows you to set a time limit for certain websites each day. Once your time is up you can’t access the site anymore until the next day. While it may seem a little harsh, it’s actually quite innovative and effective. Everybody needs a little help now and then.

Solution #2: Allow yourself to take scheduled breaks. That will give you time to check your social media accounts and non-work-related interests without affecting work. Hint – remember it’s a timed break – when it’s over, close the windows and get focused on productive work.

Solution #3: Another simple solution would be to track the websites everyone is visiting. A time management software like “TimeDoctor” could help you do this.

#4. Social Media

It’s tempting. Facebook, Twitter, LinkedIn, Instagram – they’re all so easily accessible to you while you’re on your computer during the day. Yet the moment you land on one of these websites, you’ve stolen away valuable minutes from your day.
Now that so much promotion is being done on social media, you actually give yourself an excuse to open up the sites.

Test yourself to see how much time you’re wasting on social media. Set a timer each time you head over to one of these websites. You might surprise yourself.

To avoid wasting excessive time on social media, have a plan, set a time limit for each day and stick to it. When your time is up, close the windows the next day.

#5. Email

Automatic notifications that tell you when a new email arrives are very distracting and time consuming. One second you’re totally focused and the next you’re checking an email. Now you’ve lost focus and you’re reacting to something, that in all likely hood is not all that important.

Solution #1. A good rule of thumb is schedule times to look at your inbox e.g. once in the morning, right after lunch and just before you quit work.
Tip #1: Never check your emails first thing in the morning. Instead, spend at least 30 to 60 minutes (or more if you can manage) working on something important. This is your most productive time of the day and you don’t want to get bogged down with emails and follow-up.

Tip #2. Like paper handling, deal with the email once and then file or delete it.

Solution #2: If there’s something that needs to be discussed, opt for a quick phone call or face-to-face conversation instead. It can mean the difference between an hour of work and a two-day back and forth email discussion.

#6: Colleague / Family Interactions

Forty-three percent of people who responded to the survey said interacting with coworkers caused them to miss the most work, beating the 28 percent who answered with surfing the Internet. Nobody wants to spend their workday in silence, but who can truly admit to be a master of multitasking?
If working at home, rules or restrictions need to be set so everyone knows that when you are “working”, nothing less than an emergency should cause a disruption.

Solution #1: Close the door to your office, wear headphones or create some other signal that lets your colleagues / family know that you’re busy and need to be focused. You don’t want to be bothered by anything less than an emergency.

Solution #2: Set a work schedule and make sure everyone knows it. Same rules apply as in #1. People will adapt if you stick to the schedule and rule.

Solution #3: If you’re busy working on something, and a chatty coworker starts talking about last night’s baseball game, tell them you’re glad they stopped by because you need them to [insert pointless work-related task here]. If they leave with a job to do, they’ll be reluctant to come back to chat.

#7: Motivation (or rather, a lack of)

How’s this for honesty?
When asked to identify the main reasons why employees waste time at work:
11 percent said it was due to a lack of incentive,
10 percent said they were unsatisfied in their jobs, and
9 percent claimed boredom.
Where do you fit in these results?
From time to time everyone finds it difficult to maintain a level of enthusiasm for their work. Maybe your job has become mundane and repetitive. Maybe you’re frustrated and just don’t care anymore. Maybe there’re just too much to do.

Solution #1: Set some personal goals. Working without an incentive quickly takes away any motivation. Try not to feel trapped in your job. Perhaps you should work toward a promotion or look for other opportunities that could improve your outlook. Identify where do you want to be and how are you going to get there? With clear goals, you’ll have better focus and find yourself working more productively.

Solution #2: Routines are great for efficiency and getting work done. But sometimes you need to mix them up. Get out of the rut. Try new techniques or alternative methods to what you’re using now. Maybe there’s a more efficient way of doing things e.g.:
– complete a task every second day instead of every day,
– do something in the afternoon instead of the morning,
– switch certain tasks to after your break so you’re more focused.

Also, in this day and age, there may be an app for that! It’s amazing how many repetitive tasks can be done or made easier with apps for your phone or computer.
You might just make your job interesting again. You might learn something and you might even eliminate some of your daily work. If you’re suddenly more efficient and have a better outlook, it will be obvious to everyone around you while giving you more personal satisfaction.

#8. Technology Issues

Sooner or later, if you’re working with technology, you’re going to have some problems. They can be little glitches or monster stumbling blocks to getting your work done. If you’ve got some skill in this area, lucky you. If you’re like most of us, it’s “oh, oh, what do I do now” time.

Solution #1. Make sure you back up everything, everyday! There’s not much worse than suddenly having your whole business disappear because of a crash.
Solution #2. Try to locate help before you have a problem. Have a go-to IT person or service available on speed dial. It may cost a bit up front but it can save a ton of money and time in the long run.
Maybe you know somebody already who could help out with minor issues. Same deal, have them ready on speed dial.
Solution #3. Often, phone support is available from your internet service provider or where ever you bought your device. Don’t overlook this valuable contact.

#9. Accounting

If you’re going to run a business online or off, you’ve got to keep good, up to date records and file your income tax forms as needed. Without good record keeping, you could put your business at big financial risk.

Things like balancing your credit card accounts, keeping records, invoicing, payroll, and chasing down bad debt are be very time consuming.
Solution #1. Set a regular schedule to focus on keeping your information up to date. File all your bills and balance sheets so they are easily accessible should you need to reconcile a bill payment, follow-up on bad debt, or find out where that extra $250 went.
Solution #2. Outsource to a professional. Let your bookkeeper do what they are trained to do while you focus on building your business.
Solution #3. If you’re not ready to hire someone, then use one of the hundreds of online accounting tools that are available. But remember, you need to put the data in if you want results back.
Some programs like WaveAccounting and Freshbooks, just to name a couple, are easy to use and will follow-up with overdue invoices automatically. They can also give you quick overview of your debts, credit cards and business bank account.

#10. Meetings

If you have a team, meetings are a necessary evil. You need to keep everyone on the same page. You need regular updates on what’s happening in each of your projects. But too often, meetings get drawn out, stealing away valuable minutes in your day.

Plan meetings carefully. For a quick update, hold a stand-up meeting for a maximum of ten minutes. Don’t give your team the chance to sit down. Instead, rapid fire only the vital information needed to keep everyone on the same page.
If you need a longer meeting, set an agenda. Stick to the topics that must be covered and avoid veering too far off course with stories or brainstorming sessions.
Sometimes a simple memo will share all the required info in a much more efficient time manner. Also, there are some great project managing software solutions that are quite inexpensive or free. I use free versions of both Asana ( and Trello (

#11. Packing and Shipping

If your business requires you pack and ship goods then you need to look closely at the time involved. Is there a quicker and simpler way to fill the orders? Are they done individually as needed or by a schedule e.g. once every day or two?
Another thing that can take away your time is running your goods to the post office or courier outlet. If this describes your business, see if you can work with the shipping company to find a cheaper and faster option.
Many shipping companies will come to your house or office and pick up boxes. Setting up your account and printing labels on the fly can also save you hours of time each week.

#12. Scheduling

Employee scheduling can be time consuming. There are lots of things to consider e.g. juggling time off requests, meetings, availability, shifts.

The good news is: “There’s an app for that”. In fact, there are many apps available at various price points. is highly recommended and best of all, it’s FREE!
Spend less time trying to organize everyone’s personal agenda and more time running your business.

#13. Note Taking

As you go through your workday, have meetings, take phone calls, set up programs, adjust the marketing schedule, etc you’re always getting ideas, jotting things down on your “to-do” list, or keeping track of the steps involved in doing a certain task. When you finally get a moment to review everything it’s a logistical nightmare.
Sorting through the notes and papers trying to find the information you need takes longer than doing the work itself.

Solution #1. Having an app for your phone, tablet or computer is like having a virtual assistant helping you out. and Microsoft Onenote are two of the common apps that allow you to jot down ideas, tasks, and other notes. Then, when you’re ready to tackle your to-do list, everything is sorted and easy to find. You waste less time searching and more time working.
Solution #2. If it’s just in the office, keep a notebook handy and use it for nothing else. Keep notes on all phone conversations, to-do or follow-up items, issues, purchases, time and date sending things out, etc. Each day has its place. You can always refer back to see what happened and when or what you have to do.
Tip: Clearly label the book and make sure it has a prominent place in your work space.

Tax Tips did you know this part two

Here’s a bit of both good news and bad news
that you should be aware of, <firstname>…

for taxes has now DOUBLED to $12,000
for singles; $24,000 married filing jointly?

That changed on Jan. 1, 2018 with
passage of the “2018 Tax Cuts Act.”

are ELIMINATED, from now through 2015?

That ALSO changed on Jan. 1 with
passage of the “2018 Tax Cuts Act.”

have been SLASHED to a FLAT 21% (down
from a top rate of 35%)

THAT TOO changed on Jan. 1 with
passage of the “2018 Tax Cuts Act.”

What ELSE do you NOT KNOW about
the FOUR-DOZEN-PLUS tax-code changes
in the new “2018 Tax Cuts & Jobs Act?”

There were 53 TAX CODE CHANGES in
the 2018 Tax Act, and NEARLY ALL are

Don’t let the name “Tax CUTS Act” fool you!
Some are tax increases. Do you know which
ones? Do you know how to limit their damage?

Ignorance about taxes is never a good idea!
You DO NOT want to be BLINDSIDED.

To get a FREE LIST of ALL 53 tax changes,
just Click HERE. (Normally $20, but free for ◄LISA: 3-page free download
the next three days.)

Ronald R. ‘Ron’ Mueller, MBA, Ph.D.
by Creating Tax-Smart Home-Business Owners
Author, Speaker and Small-Business Tax- Educator

To learn specifics about these 53 changes,
and how to CASH-IN on the GOOD ones
ones, Click HERE. (Suggest you view now) ◄LISA: 3-page free download
See below…

NOTE: This Special Offer will end abruptly
and without notice as soon as the printer
calls to say the books are in the way –
which could happen at any time between
now and June 30.

Tax Tips – Did You Know This?

Here’s a bit of both good news and bad news 

that you should be aware of,


Did you know – if you are paying Interest on  


Tax DEDUCTIBLE on your 2018 tax return?  


     That changed on Jan. 1, 2018 with  

     passagof the “2018 Tax Cuts Act.”  


Did you know – the CHILD TAX CREDIT  

has now DOUBLED, and that parent can  

now earn up to $400,000/year before  

eligibility begins to phase out?  


     That ALSO changed on Jan. 1 with  

     passagof the “2018 Tax Cuts Act.”  


Did you know –Business expenses that  

are NOT REIMBURSED to employees,    


as itemized expenses on Schedule-A? 


     THAT TOO changed on Jan. 1 with  

     passagof the “2018 Tax Cuts Act.”  



What ELSE do you NOT KNOW about  

the FOURDOZENPLUS taxcode changes  

in the new “2018 Tax Cuts & Jobs Act?”  


There were 53 TAX CODE CHANGES in 

the 2018 Tax Act, and NEARLY ALL are  



Don’t let the name “Tax CUTS Act” fool you! 

Some are tax increases.  Do you know which  

ones? Do you know how to limit their damage? 


Ignorance about taxes is never a good idea! 

You DO NOT want to be BLINDSIDED. 


To get a FREE LIST of ALL 53 tax changes, 

just Click HERE. (Normally $20, but free for ◄LISA:  3-page free download  

the next three days.) 


Ronald R. ‘Ron’  Mueller, MBA, Ph.D. 


by Creating Tax-Smart Home-Business Owners 

Author, Speaker and Small-Business Tax- Educator 




To learn specifics about these 53 changes, 

and how to CASH-IN on the GOOD ones  


ones, Click HERE. (Suggest you view now)◄LISA:  3-page free download 

See below…  


NOTE: This Special Offer will end abruptly 

and without notice as soon as the printer 

calls to say the books are in the way –  

which could happen at any time between  

now and June 30.  

Tax Day 2019: Why you should start prepping now

As many Americans wrapped up filing for the fiscal year 2017 tax season this week, experts say it’s not too early to start thinking about next year.

While President Donald Trump signed tax cuts into law in December, most of the changes will affect next year’s returns. That means everything from changes to deductions to credits will all need to be accounted for when taxpayers file a year from now.

Here are some of the main items taxpayers can start thinking about to get ahead of the game.

Standard deduction

The new law doubles the standard deduction to $12,000 for individuals and $24,000 for married couples filing jointly. That means a lot more Americans will be taking the standard deduction instead of itemizing.

“Before the change, it was about two-thirds, like 70%, of people taking the standard deduction,” Speiss says. “That’s inching closer to 95% of people taking the standard deduction [now] … Overall it helps make tax preparation easier … less things that [filers] need to stress in the first place.”

People who will still be itemizing shouldn’t be overly concerned, Speiss adds, because the only thing that has really been curtailed is state and local tax (SALT) deductibility.

State and local tax deduction changes

Under the new law, state and local tax deductions will be capped at $10,000 – a major point of controversy for residents in high-tax states such as New York and California.

But some residents who are losing out on this deduction may not be hurt as severely as they might think. That’s because high-income filers subject to the alternative minimum tax, or AMT, haven’t been able to benefit from SALT deductions.

“They’re really not getting the deduction anyway,” Speiss says. Still, the SALT changes will accelerate some individuals’ decisions to move to lower-tax states, Eric Bronnenkant, head of tax at Betterment, told FOX Business.

The change, Speiss says, could cause individuals with multiple residences to shift where they spend most of their time in order to change where they claim primary residence. He warns that auditors in such states as New York can be aggressive, monitoring everything from cell phone tower logs to toll receipts.

Retirement planning and contribution

Retirement plan contribution limits were largely unaffected by changes enacted under the Tax Cuts and Jobs Act. The contribution limit for 401(k) accounts was raised by $500 to $18,500, from $18,000.

One change that Bronnenkant says his clients have been less enthusiastic about is the characterization of IRA contributions. Individuals who are contributing to an IRA have the option of converting the funds into a Roth IRA. Under previous law, they had the ability to undo that decision by a deadline in order to avoid taxes, a move known as recharacterization. The new law, however, prohibits individuals from such changes in Roth IRA conversions beginning in 2018.

“Electing a conversion [is] an irreversible event … so you want to be more certain about your decision now,” Bronnenkant says.

Qualified business income

Speiss notes that investors should take advantage of the retirement plan’s contribution limits and also keep in mind that business owners can benefit from a new deduction. The qualified business income deduction can be claimed by some self-employed individuals and is limited to the lesser of 20% of qualified business income or 50% of the total wages paid by the business.

How to protect a retirement plan in a down market

 (AP Photo/Damian Dovarganes)

Market corrections are a worry for all investors, but they can pose a particularly big problem for people who have just retired and are starting to dip into savings.

Each time retirees sell stock, it digs a hole out of which their portfolio must climb to keep producing the same amount of income over time. The more they sell — and the earlier — the deeper the hole.

This doesn’t mean it’s always bad for a retiree to sell stock. Selling when the market is strong can be not only profitable but responsible, especially as a way of keeping portfolio allocations in line with investment goals. Selling during a correction, however, when stock prices may have fallen to a fraction of their recent market value, not only might yield a lot less return per share, it could cause a retiree to run low on resources sooner than expected.

“If you get off course at the beginning, it could be very difficult to recover,” says Dan Keady, chief financial planning strategist at New York-based financial services firm TIAA.

Despite recurring volatility, most retirees must hold some stocks to keep pace with inflation. For those investors in particular, it’s important to have a Plan B to cover ongoing financial needs so that if stocks crater, the retiree can avoid being forced to sell shares at depressed levels.

Mr. Keady recommends being proactive and taking steps ahead of retirement, like projecting spending needs, matching them against expected income and creating a reserve with something other than equities to help cover shortfalls. Being better prepared also might include planning ways to cut spending.

Here are some thoughts and suggestions from advisers and planners on how to minimize the risk:

1. First do the math. A good place to start is to estimate how much of your monthly budget would not be covered by fixed sources of income, such as dividends, interest, pensions and Social Security. Most people mistakenly think this involves the tedious process of adding up a year’s worth of receipts, says Joe Lucey, who heads Secured Retirement Advisors LLC in St. Louis Park, Minn. The much easier method, Mr. Lucey says, is to tally all the money taken from bank accounts in 12 months that hasn’t been stashed away somewhere else. Next, calculate the income expected regularly from Social Security, pensions or other sources.

Once you know what the gap between expenses and income will be, set aside a cash reserve or other fixed-income asset big enough to spin off cash to cover that gap until the market recovers. This provides a buffer, says Jim Barnash, an adviser at SGL Financial, Buffalo Grove, Ill. A retiree’s regular flow of income often covers as much as two-thirds of their total spending. But it’s that uncovered third that represents how much a person has to withdraw from savings to maintain a certain level of spending.

There is no way of knowing with any certainty how long a downturn will last, and thus how big that reserve needs to be exactly. But most corrections, Mr. Barnash says, with the exception of the 2008-09 crisis, last three to nine months.

2. Balance with safer stuff. The non-equities part of a portfolio should be a mix of cash and bank certificates of deposit or highly rated short-term bonds, experts say.

Money-market yields have been rising as the Federal Reserve raises short-term interest rates. Some federally insured money-market accounts now pay 1.75% to 2% a year.

Because certificates of deposit and bonds with slightly longer maturities offer better rates than cash, advisers often create a basket of CDs or individual bonds with sequential annual maturities — a so-called ladder — to ensure a steady replenishment of cash in a portfolio.

Buying individual bonds can be challenging for nonprofessionals, but investors could also consider an ETF that invests in short-term government bonds, says Nikolaas Schuurmans, founder of advisory firm Pure Portfolios in Portland, Ore.

While the share price will fluctuate with shifts in market sentiment, such ETFs pose relatively little risk and could easily be sold to raise more cash, he says. Mr. Schuurmans uses Schwab Short-Term U.S. Treasury (SCHO), which charges 0.06% annually in expenses. A similar option, Vanguard Short-Term Treasury ETF (VGSH), has an expense ratio of 0.07%.

3. Watch the equity allocation. Although it’s important to own some stocks, after about nine years of rising markets, many people may own more stocks than they think. Some also may be out of the habit of rebalancing a portfolio periodically and staying well-diversified, says Spuds Powell, managing director of the Los Angeles-based advisory firm Kayne Anderson Rudnick.

One thing to do right away: If the equity allocation has surged much above 60% — a common benchmark for how much to keep in stocks — consider paring it back, advisers say.

4. Plan to tighten the belt. Many people believe they will spend less in retirement than when they were working, says SGL Financial’s Mr. Barnash. Actually, the opposite can be true, at least in the first few years. New retirees have more time to spend money and may indulge in expensive luxuries, such as traveling abroad.

Retirees often don’t react well to suggestions that they spend less, but “realistically, you might have to cut spending some if there is a market downturn,” says Mr. Keady of TIAA. One way he suggests of imposing self-discipline on spending is to keep annual withdrawals from savings at a constant rate, which might be around 4% a year. Thus, if a portfolio’s principal value fell during a market correction, an investor would be withdrawing less while stock prices were lower, reducing sequence-of-return risk.

Advisers also sometimes suggest that people delay taking Social Security for a few years, because that can mean getting larger future Social Security payments, building in a higher level of dependable income.

5. Be wary of borrowing. Many people have substantial equity tied up in a home, and there are multiple ways of tapping it. A retiree could create a contingency reserve by taking out a home-equity loan or a line of credit and drawing against it, if necessary, during a market correction.

But in most cases, advisers caution against that. The strategy could backfire if a correction proved much deeper or longer than usual, leaving a borrower with a hefty debt burden.

“For people who have retired, whether they are taking regular withdrawals from savings or not, borrowing usually doesn’t make sense because it tends to increase risk,” says Mr. Powell of Kayne Anderson Rudnick.

WHO WANTS TO BE A BILLIONAIRE? The IRS is holding onto $1-BILLION that  belongs to estimated 1-million taxpayers.

Is this for YOU, howard?


The IRS is holding onto $1-BILLION that 
belongs to estimated 1-million taxpayers.


The money is owed to people who have 
not filed their 2014 tax returns to claim 
their refunds. BTW, there’s no penalty for 
filing tax returns late (even 3 years late!) 
if a refund is owed to you.

By law, any refunds NOT claimed within
3 YEARS of the original filing deadline, 
becomes permanent property of the 
Department of Treasury.

The DEADLINE for filing 2014 returns 
to receive refunds belonging to you, is


Here’s a shocker: both Democrats and
Republicans agree on something:
There’s a need to modernize the IRS and
to make it more “taxpayer-friendly.” It’s
clear to most everyone that the IRS has
forgotten its last name: SERVICE.


Discussions are at a very early stage, but
ideas being tossed around include giving
the taxpayer access to their own IRS case
files before their appeal hearing, and even
changing the title of the head of the IRS
from Commissioner to Administrator.

Those “softballs” are not Tax Reform.
It’s easy for both parties to “agree” on a
concept that’s publicly popular, like
overhauling the IRS. The fighting will
begin when attention shifts to the question
HOW are we going to DO that?

Don’t hold your breath expecting anything
definitive anytime soon. Especially not
before the midterm elections next Nov.


The #1 cause of lost deductions in audits
is lack of proper records.

As I said in a Tax Tips a few days ago, if you
have lost, missing or incomplete records for
ANY of your deductions, your choices are to:
(a) Claim the deduction, but knowing if you
are audited, you will lose the deduction
AND be slapped with interest and penalties.
(b) Not claim the deduction, and lose the tax-
savings value it could have meant
(c) Claim your rightful deductions, and
     RECONSTRUCT your missing records.

IRS has authorized several ways for you to 
“reconstruct” incomplete or missing records.

It is true that in order to claim ANY business
deductions, you must have records to back-
up each deduction. But it is also true that 
some of the records can be reconstructed
if you did not keep, or later lost, your records.

is an immediate-download; get it NOW at


The “2018 Tax Cuts Act” is fill of opportunities
to pay a lot LESS taxes this year than you
did in 2017.

I’ll take you through several of them in a
series of Tax Tips I’ll put out AFTER the
Tuesday tax filing deadline.

That’s it for today’s Tax Tips You Can Bank On.
If you got value from it, tell others. Subscriptions
are still FREE at

   Ronald R. ‘Ron’ Mueller, MBA, Ph.D.
by Creating Tax-Smart Home-Business Owners
      Author, Speaker and Tax Educator 

Did you know that “Home Business Tax-
Savings, Made Easy” has a NEW TITLE?
New name is “WINDFALL Tax-Savings 
APPROVED for Small Business Owners”

New newest version (just weeks old) includes
all small-biz tax changes in the new 2018
“Tax Cuts & Jobs Act” – there were a LOT!
Check it out NOW at

The IRS has issued a warning to taxpayers  who are tempted to falsely inflate deductions  or expenses or tax credits on tax returns.

Head’s up howard,

The IRS has issued a warning to taxpayers 
who are tempted to falsely inflate deductions
or expenses or tax credits on tax returns.

Common areas targeted include charitable
contributions, padding business expenses
or including credits that they are not entitled
to receive – like the Earned Income Tax Credit
or Child Tax Credit, in hopes of getting a larger
refund or paying less than what is owed.
The IRS reminds taxpayers to be careful when
claiming these deductions or credits. Even if a
tax pro preparers your tax return, YOU and you
ALONE are as responsible as if you had filled
out the forms yourself.


Submitting an accurate tax return is your best
way to avoid triggering an audit. Be aware,
who file incorrect returns include:

• 20% penalty on disallowed amount for
filing erroneous refunds or tax credits.

• PLUS $5,000 if the IRS determines a
taxpayer has filed a “frivolous tax return.”
A frivolous tax return is one that does
not include enough information to figure
the correct tax or that contains information
clearly showing that the tax reported is
substantially incorrect.

• PLUS an additional penalty of 75 percent
of the amount owed, if the underpayment
on the tax return resulted from tax fraud.


Cheatin’ ain’t worth the risk!


Taxpayers may be subject to criminal 
prosecution and be brought to trial for
actions such as (a) willful failure to file
a return or supply information or pay
any tax due; (b) false statements; (c)
preparing and filing a fraudulent
return and (d) identity theft.

● Prepare and e-file federal taxes free
with IRS Free File (see

● Taxpayers with income of $66,000 or
less can file using free brand-name tax

● Those who earned more than $66K, can
use Free File Fillable Forms, the electronic
version of IRS paper forms (

● If you are a SMALL-BUSINESS owner
I strongly recommend you use a CPA, EA,
or tax attorney tax who is a seasoned expert
in small-business tax law. Click Here

responsible for what is on your tax return,
even if it is prepared by someone else.

RECOMMENDATION: As soon as your
tax preparer sends you your forms to sign,
schedule a phone consultation to review
everything on your tax returns BEFORE
you sign it.

FINAL REMINDER: Your tax professional’s
job is NOT to save you as much taxes as
possible. It is to file an accurate tax return
based on information YOU provide them.

Ronald R. Ron Mueller, MBA, Ph.D.
by Creating Tax-Smart Home-Business Owners
Speaker, Educator and Author

The law requires you to have adequate
records to document every tax deduction
you claim. If yOu have any lost, missing
or incomplete tax deduction records,
Click HERE  for help.

What do you think, howard, are business  meals still 50% deductible under the “2018  Tax Cuts & Jobs Act?”

What do you think, howard, are business
meals still 50% deductible under the “2018
Tax Cuts & Jobs Act?”

“Expert opinions” about this are all over the
board, ranging from “absolutely not” to
“absolutely,” plus everything in between.

Which “Expert” is CORRECT? 
The Act states “all Business Entertainment
deductions are SUSPENDED,” but the big
question is: “Was that the actual INTENT
of Congress, or was it careless wording?”

For now, you cannot safely rely on any
“expert” because we are just expressing
our opinions. The only fact is the wording
in the Tax Act is unclear.

When and How will we Know for CERTAIN?
There are two possibilities:
 (a) Congress will pass a bill called a
“technical correction,” which will
clarify what the intent of Congress
was and is. Or…
 (b) After conferring with Congressional
tax-writers, the IRS will publish a
definitive written “clarification” to
spell out what Congress intended,
and how they (IRS) will enforce it.

What do we do for now?
My advice is to treat every expense as if it
IS (or WILL be) deductible. That may result in
keeping records that, in the end, you would
not be able to use; BUT it ALSO MEANS if
the deduction IS approved, you will be ready
with all required documentation in hand.

As soon as a “Technical Correction” is
passed by Congress or an “Official
Clarification” is issued by the IRS, you
will immediately be alerted in “Tax Tips
You Can Bank On.”

Ronald R. Ron  Mueller, MBA, Ph.D.
by Creating Tax-Smart Home-Business Owners
       Author, Speaker and Educator

P.S. – To learn more about what is in the
massive “2018 Tax Cuts & Jobs Act,”
Click HERE.