1. Develop three or four suggestions that could help Brad reduce his income tax exposure.
2. Would any of your recommendations in questions 1 through 3 change if Brad were 45? If he were 60? Why or why not?
3. After you informed Brad of his negative monthly net cash flow, Brad indicated that he may delay paying his credit card bills for a couple of months to reduce his cash outflows. What is your response to his idea?