[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fWWD3-9SB2nYzmDPs14LXo6fuO2yLRZhXZAf4wNuQsek":3,"$fKN_18kHRLZBMEI_iDhvXjPTcAuebLo_WlmY7KXXXg9U":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},171133,"Tom Ochsenschlager","T",5,null,"tom-ochsenschlager",[],{"quotes":13,"pagination":72},[14,27,38,49,61],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},2179664,"It makes a lot of sense particularly if you're younger and not at your peak earning years. A high-income individual might want to think twice about enrolling in a Roth 401(k).",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},5164343,{"id":25,"tag_name":26},12153,"earning",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":9},2179654,"They do have a business reputation they want to protect, because their sweet spot is returning clients. They might make a quick killing to sell the information once, then they basically will be out of business the next year.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},5164331,{"id":36,"tag_name":37},12826,"basically",{"id":39,"quote_text":40,"author_id":5,"source_id":17,"has_image":18,"author":41,"source":42,"quote_tag":43,"commentary":9},2179637,"The debate surrounding Social Security reform brings to the forefront philosophical differences, varying opinions, and the age old trade-offs between fairness, simplicity, economic growth and social policy. We strongly urge policymakers and the public to thoroughly understand the issues surrounding Social Security reform before taking a position.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[44],{"id":45,"tag":46},5164316,{"id":47,"tag_name":48},290345,"age-and-aging",{"id":50,"quote_text":51,"author_id":5,"source_id":17,"has_image":18,"author":52,"source":53,"quote_tag":54,"commentary":60},2179620,"When the $500,000 exclusion rule came into the law, a lot of people figured they'd never have that much gain, so they stopped keeping records of the improvements they made to the house. That could mean they'll wind up paying more tax than they should have.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[55],{"id":56,"tag":57},5164305,{"id":58,"tag_name":59},15501,"came","**The Backstory**\nThis quote is likely from Tom Ochsenschlager, a renowned expert in taxation, and was mentioned in one of his publications or seminars. During this time, the US tax code was undergoing significant changes, and individuals were struggling to navigate the complex rules. The $500,000 exclusion rule, in particular, was a source of confusion for many homeowners.\n\n**The Hidden Insight**\nThe quote reveals a counter-intuitive truth: people often assume they won't accumulate significant wealth, so they become complacent and fail to take proactive steps to manage their finances. This mindset leads to a lack of preparedness and potentially costly mistakes down the line.\n\n**How to Use This**\nIn today's fast-paced professional environment, individuals often underestimate their potential for financial growth. To avoid this trap, it's essential to adopt a mindset of proactive financial planning, regularly reviewing and updating your financial records, and seeking expert advice when needed. By doing so, you can ensure you're not caught off guard by unexpected tax obligations or financial setbacks.",{"id":62,"quote_text":63,"author_id":5,"source_id":17,"has_image":18,"author":64,"source":65,"quote_tag":66,"commentary":9},2179603,"For most people, if you pay at least as much as your liability was the previous year, you're protected from any penalties or interest.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[67],{"id":68,"tag":69},5164285,{"id":70,"tag_name":71},10746,"liability",{"currentPage":73,"totalPages":73,"totalItems":8,"itemsPerPage":74},1,10]