When to Begin Taking Social Security Benefits For many people, social security plays a big part in their retirement. But it is important to know when to begin taking social security benefits. In this article, we will go over the basics of how beginning your social security works. Full Retirement Age Full retirement age is [...]
4 Retirement Pitfalls and How to Avoid Them Retirement pitfalls can throw a wrench in your plans and cause distress during retirement. In this article, we will review what 4 of these retirement pitfalls are and how you can avoid them. 1. Not Planning for Long Term Care Many people do not realize that [...]
Tax Identification Number Basics A tax identification number, or TIN, is an avenue the IRS uses for tracking. They are all 9 digits long. Except for social security numbers, they are all issued by the IRS. In this article, we will go over the basics of tax identification numbers. Who Needs One Individuals, businesses, [...]
Non-Profit Corporation A non-profit corporation is a business that does not operate for profit purposes. There are tax advantages to receiving such a qualification. In this article, we will go over how non-profit corporations work and how to set one up. Creating the Corporation The first step in creating a non-profit corporation is creating [...]
Life Insurance FAQs Before purchasing life insurance there are questions many people have. These usually cover the basics of how life insurance works. In this article, we will go over 10 life insurance FAQs. 1. How Much Life Insurance Do I Need? For your life insurance policy to be successful it is important that you33 [...]
Retirement Planning Frequently Asked Questions Retirement planning is on the minds of many. But you may not be sure when to start. In this article, we will answer 6 frequently asked retirement planning questions. How Much Money Do I Need? The amount of money you need to have accessible for retirement varies on many [...]
10 Common Tax Questions Answered Taxes are confusing and seem clouded with complex rules and constantly changing laws. It can be hard to find a straight answer to basic questions. In this article, we will answer 10 common tax questions. 1. Where Can I Find Free Help? Tax preparation fees can add up very [...]
Generation Skipping Trust A generation skipping trust is a type of irrevocable trust. It can be a useful estate planning tool for those with large estate. In this article, we will go over the basics of how a generation skipping trust works. How It Works A generation skipping trust allows you to bypass your children [...]
Immediate Annuities Immediate annuities are policies purchased with a lump sum contribution. This is then converted into a guaranteed income stream that can last for a set period of time or a lifetime. These income payments begin immediately after the deposit of the initial funds. In this article, we will go over the different [...]
US Savings Bond US savings bonds are investment vehicles that the federal government offers to the public. In this article, we will go over the basics of what you need to know before investing in US savings bonds. The Basics The government offers US savings bonds to the public as a way to fund [...]
