What Is an Annuity? An annuity is an insurance-based product that is a powerful retirement planning tool. Typically, you fund an annuity with a lump sum and promise not to touch that sum for a set amount of time. In return for this, the insurance company provides you with a guaranteed interest rate and [...]
Achieving a Successful Retirement Everyone hopes for a successful retirement. It takes a lot of planning and hard work to achieve it. In this article, we will go over six tips that will help you to achieve your successful retirement. Set Goals Goals are the foundation of a successful retirement. They give you the [...]
What is a Non-Profit Corporation? A non-profit corporation is a special type of corporation that is typically created for charitable purposes. This type of business puts out that they are creating themselves for a purpose other than generating a profit. In this article, we will go over how to create a non-profit corporation in [...]
2018 Business Tax Changes The Tax Cuts and Jobs Act, which became law in December of 2017, cause a major overhaul of previous tax law. This change affects both business and personal taxes. In this article, we will go over 4 of the biggest 2018 business tax changes. 1. Corporate Tax Rates In previous [...]
Factors to Consider When Purchasing Long Term Care Insurance Long term care refers to the type of care for those with chronic illnesses or disabilities. Is is when you need care on a daily basis for an extended period of time. This could vary from assistance with basic daily activities to skilled nursing care. [...]
Annual Review An annual review of your financials is vital. It is important because the information your advisor has should be as accurate as possible. This will help your plan to stay on track. A lot can change over the course of a year and your advisor needs to be updated on it. In this [...]
Schedule C Schedule C is an attachment to the federal Form 1040. You use this form to report profit or loss from a business that is a sole proprietorship or an LLC that is set up as a disregarded entity with the IRS. Additionally, if you receive a 1099-MISC you will need to file [...]
Estate planning is a complex area. This confusion can lead to misconceptions being widely spread as the truth. In this article, we will go over 10 common estate planning misconceptions. This will give you some of the knowledge necessary to properly navigate estate planning. 1. A Will Avoids Probate The most widespread of the [...]
Medicare Versus Medicaid Many people confuse Medicare and Medicaid. Though they both help cover medical expenses, they are two very different government programs. In this article, we will compare Medicare versus Medicaid. We will go over what they cover and how to qualify for one or both. Medicare Medicare is for people over the [...]
5 Ways to Be More Financially Responsible The lack of financial education can lead to a build-up of debt or chronic financial instability. But even just small changes can make a big difference. These small changes add up over time. To help you better your financial situation we will go over 5 ways to [...]
