Phil discusses the importance of multiple income sources for business owners and employees, emphasizing the need to manage income taxes and deductions effectively. He shares insights from his father, who worked in various trades and real estate to ensure financial stability. Phil highlights his own diverse investments, including limited partnerships, real estate, and alternative investments, which provide significant deductions and financial security. He advises maximizing 401(k) plans and preparing for a longer lifespan. Upcoming episodes will feature Joe Wabick, who specializes in commercial workouts, mezzanine financing, and mergers and acquisitions.Connect with Philip: Website: https://www.fornarolaw.com/ Podcast Website: https://lbmpodcast.com/ "X": https://x.com/FornaroLaw Pinterest: https://www.pinterest.com/philipfornaro/ YouTube: https://www.youtube.com/@fornarolaw3002 LinkedIn: https://www.linkedin.com/in/fornarolaw Instagram: https://www.instagram.com/fornarolaw/ Facebook: https://www.facebook.com/FornaroLaw https://www.facebook.com/philip.fornaro.3/ 

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