7 Steps to Prepare for Retirement Retirement is a significant life event that requires years of preparation and planning. As you go along you will need to continuously evaluate your plans and adjust. We want to be here to help you with your retirement plan. In this article, we will go over 7 steps [...]
Life Insurance for Seniors Life insurance for seniors can provide many benefits, like the ability to cover funeral costs or provide for the loved ones you leave behind. However, it is important to note that most insurance companies have age restrictions on how old you can be for them to issue a policy. This [...]
10 Steps to Start a Business in Arizona Starting a business is different in every state. In this article, we will hone in on the 10 steps to start a business in Arizona. 1. Choose a Name The first step in starting a business is to choose a name. You will want to come [...]
Schedule K-1 Basics A Schedule K-1 is an IRS form that reports your share of an income or loss from a pass-through entity. It prevents double taxation by avoiding taxes at the entity level and shifting the liability to the owners/beneficiaries who will report income or loss on their personal tax return. In this [...]
Types of Mutual Funds Instead of buying individual stocks, bonds, or other securities, you can buy shares of a mutual fund. This will allow you to become a partial owner of their variety of financial holdings. Professionals research securities and monitor the funds performance to try and give you the best return possible. Mutual [...]
Life Insurance Verses Annuity Life insurance verses annuity, which is best for your financial situation? Read on to find out how life insurance and annuities work, their differences, and what they can do for you. Life Insurance Basics Life insurance is an agreement between you and an insurance company. In exchanged for premiums the [...]
Limited Liability Company Frequently Asked Questions A limited liability company is a business structure that millions of businesses use. In this article, we will answer 8 limited liability company frequently asked questions. 1. What is an LLC? A limited liability company, or LLC is a popular type of business structure. It creates an entity [...]
Kiddie Tax Basics The kiddie tax was introduced by The Tax Reform Act of 1986. It was set up to prevent parents from transferring wealth into their children’s names for the sake of reducing tax liability. In this article, we will go over the basics of how the kiddie tax works. The Basics Kiddie [...]
UTMA and UGMA Accounts UTMA and UGMA accounts allow you to provide a minor with financial savings and a head start. UTMA stands for Uniform Transfer to Minors Act. UGMA stands for Uniform Gift to Minors Act. These accounts can give adults an opportunity to transfer assets to a minor without setting up a [...]
Indexed Universal Life Insurance Myths Indexed universal life insurance is a type of permanent life insurance. It offers both a death benefit and a cash value. The growth of the cash value is directly tied to an index. It is a bit more complex than a traditional whole life policy, so there are some [...]
