This review is an excerpt of Michael Pellechia's monthly BookPage business and finance book round-up.

Keep What You Earn

Practical Strategies to Protect Your Assets
from Taxes, Lawsuits and Financial Predators

By Terry Coxon
Times Business, $25

ISBN 0812928288

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Review by Michael Pellecchia

Terry Coxon plumbs the principles and pragmatics behind the limits of the tax system. Planning to avoid taxes depends on knowing the world according to the IRS and the world as it really is, with all the gaps so implied. You should understand basically where tax rules come from and how they are enforced and changed.

Investing is another activity where you can get easily sidetracked. You may think that the identity of a particular investment or strategy is of paramount importance. In reality, the only thing important in your portfolio is results. Successful investors act on this instinctually. Others tend to get caught up in minutiae.

Coxon also emphasizes protecting yourself against invasions of privacy and lawsuits. His brand of advice is refreshing and will hit different people different ways. On balance, this book is a good first line of defense for people with net worth they want to protect.

Michael Pellecchia writes about business and finance books for this publication. He can be reached at michael_pellecchia@bookpage.com.

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