Retirement Planning for Small Business Owners Retirement planning for small business owners can be more difficult than for the average person. But successful planning is not impossible. In this article, we will give details on the keys to successful retirement planning for small business owners. The Challenges Small business owners face a unique set [...]
Payroll for the Self-Employed Payroll for the self-employed can be complex. It is important to understand how it works. It can greatly reduce your tax burden. In this article, you will learn how payroll for the self-employed works and how you can implement it. Self-Employment Tax If you make more than $400 through your [...]
Avoiding Guardianship Avoiding guardianship is what most people hope to achieve in their lifetimes. A guardianship is someone who has been court appointed to care for the financial and health care interests of another person. Many people find themselves needing to file for guardianship to help care for an aging parent. Why does this happen [...]
Variable Universal Life Insurance Variable universal life insurance is a type of permanent life insurance policy. Depending on your financial situation it can be a helpful financial planning tool. In this article, we will explain how variable universal life insurance works and what it can do for your portfolio. The Basics With a variable [...]
10 Tips for Securing Your Finances Before 30 Securing your finances before 30 may seem like an impossible task, especially in the current economic climate. In this article, we will go over 10 tips for securing your finances before 30. 1. Track Spending It is important to know how much you spend and what [...]
Foreign Earned Income Exclusion The foreign earned income exclusion is a tax exclusion to help prevent US citizens and resident aliens from being subject to double taxation. In this article, we will go over the basics of what the foreign earned income exclusion covers. Foreign Earned Income First, it is important to understand what foreign [...]
Celebrity Estate Planning Mistakes Celebrity estate planning mistakes are entertaining, but they can also teach us valuable lessons. In the fourth installment of our celebrity estate planning mistakes series, we will examine the estates of Howard Hughes, Doris Duke, Aretha Franklin, Barry White, and Michael Crichton. Howard Hughes Died: April 5, 1976 Estimated Worth: [...]
Strategies to Help Pay for Long Term Care Implementing strategies to help pay for long term care can help you to prevent a lot of stress and trouble. It also can help to preserve funds for the benefit of your spouse or other loved ones. In this article, we will review 4 strategies to [...]
403b Plan Basics A 403b plan is a type of retirement plan. It is available to only certain types of employees and is similar to 401k plans. In this article, we will go over the basics of how a 403b plan works and what one can do for you. Who Qualifies A 403b plan [...]
Taxation for Resident and Nonresident Aliens Taxation for resident and nonresident aliens differs from that of U.S. citizens. In this article, we will go over the basics of taxation for resident and nonresident aliens. Resident vs. Nonresident A resident alien is someone who is not a U.S. citizen but has a green card that [...]
