The Importance of a Living Trust: Tips, Tricks, Do's and Don’ts: The importance of a living trust can be overwhelming. Many people have heard of a Living Trust, but few actually know what it is, or why it's important to have one. In this blog, we're going to discuss the importance of forming [...]
Understanding Your Required Minimum Distributions The phrase RMD, or Required Minimum Distributions, refers to the amount that you are required to withdraw from any traditional IRAs or employer-sponsored retirement plans each year after you reach age 70 ½. You can take more than the required minimum, but you are not allowed to take less. [...]
Every investor wants to maximize their gains while minimizing their losses. Unfortunately, you can never be certain that you will be successful with all of your investments all of the time. These 6 tips will help you to make your investment portfolio more successful and minimize the effect of any losses. Compounding Compounding refers to [...]
An individual health insurance plan is a great option if you are not covered by an Employed Plan, Medicare, TRIcare, or Medicaid. The Affordable Care Act marketplace offers high-quality coverage for Individuals and Families that are unable to obtain affordable coverage elsewhere. The categories to choose from are: Bronze: The insurer pays 60 percent and you pay 40 [...]
What is a Certified Legal Document Preparer (CLDP)? The Arizona Supreme Court certifies non-attorney legal document preparers in Arizona who provide document preparation assistance and services to individuals and entities not represented by an attorney. What can a CLDP do? Legal document preparers may: provide general legal information as to the procedural requirements of [...]
Being self-employed definitely has its perks; you get to be your own boss, set your own hours, and have total control over your work. However, it also means being subject to more in taxes, in addition to possible headaches when it comes time to prepare your tax return each year. If this is your [...]
It's never too early to buy life insurance, especially if you want to make sure your family and loved ones are taken care of in the event that something happens to you. Specifically, a life insurance policy can help to cover funeral costs and related expenses while also providing financial stability for your loved [...]
Who Can Establish an HSA? Any individual with a high deductible health insurance plan can establish an HSA. In 2015, you have to have an annual deductible of at least $1,300 for an individual or $2,600 for a family. Your plan must also limit your annual out of pocket expenses to $6,450 for individuals [...]
Financial planning is an obvious necessity. Without our ability to plan our own finances, we wouldn't be able to save, invest and improve our situation. While we all know and understand its importance, we often fail to meet our own financial planning needs. This leads to a feeling of hopeless as if we are [...]
As the year comes to a close, it is important to look at the options that are still available to help you reduce your tax liability. This article will help give you a few ideas about tax planning strategies you can implement before the end of the year. Withholding One of the simplest ways [...]
