Retirement Tips for Late Starters The longer you put off saving for retirement, the less time your assets have to grow. But it is never too late to start. In this article, learn 5 retirement tips for late starters. Speaking With a Financial Advisor You should not try and go alone. If you are [...]
Estate Planning Pitfalls for Business Owners When you have a business, you need a plan about who will take control of it and who will profit from it if you are incapacitated or deceased. It adds an extra layer of complexity to estate planning. In this article, we will go over 5 common estate [...]
Disability Insurance Claim Denials and How to Avoid Them When you apply with your disability insurance to receive benefits, there is always the chance they will deny your claim. This could be for various reasons. In this article, we will go over disability insurance claim denials and how to avoid them. 1. You Provided [...]
Standard Deduction vs. Itemized Deductions A deduction is something the IRS offers to help maximize your refund or reduce your liability. It is an amount you can subtract from your Adjusted Gross Income to reduce the overall income subject to taxation. There are two types of deductions, the standard deduction and itemized deductions. In [...]
Fixed Annuity vs. CD A fixed annuity and a CD can both serve as conservative ways to earn a fixed rate of return. In this article, we will go over the difference between a fixed annuity vs. CD. Similarities There are a few similarities when it comes to a fixed annuity vs. CD. First, [...]
Planning for Incapacity For many people, estate planning is focused on distributing assets after death. But you also need to plan for incapacity due to injury, illness, or aging. Incapacity means you are unable to make decisions and cannot manage financial, personal, and health care matters. In this article, we will go over what [...]
Above-the-Line Deductions There are both itemized and above-the-line deductions. They will affect your Adjusted Gross Income in different ways. In this article, we will go over the basics of above-the-line deductions. Adjusted Gross Income Before you can understand above-the-line deductions, you must understand Adjusted Gross Income. Your AGI includes your combined income from wages, [...]
Dealing With Market Crashes During Retirement Throughout history markets have recovered from crashes given enough time. However, if you are in retirement, you may not have time to wait for the market to recover. You may be forced to sell at lower price to fund your retirement. But a downturn is manageable with adequate [...]
Variable Life Insurance A variable life insurance policy is a contract between you and an insurance company. In exchange for a premium the insurance company promises to pay specified amount to your beneficiaries upon your death. In this article, we will go over the basics of variable life insurance. The Basics Variable insurance differs [...]
What Information is Needed to Set Up a Trust? Now that you have decided that a living trust is the right estate planning tool for you, what do you do now? What information do you need to set up a trust? In this article, we will go over what you need to set up [...]
