Fixed Annuities and Retirement As retirement draws closer, having sources of guaranteed income becomes vital. A fixed annuity can prove to be a steady income stream that supplements other retirement resources. In this article, we will go over the basics of how fixed annuities work, and how you can incorporate one into your retirement [...]
7 Things to Know About Inherited IRAs Inheriting an IRA is an intersection of estate planning, financial planning, and tax planning. What is an inherited IRA? It is when you inherit an account with tax advantages after the death of the owner. You will need to move the assets from the original owner’s name [...]
7 Estate Planning Misconceptions Estate planning can be complicated. There are many estate planning misconceptions that make it seem even more complex. In this article, we will clear up 7 estate planning misconceptions. 1. If You Die Without a Will, the State Gets Your Assets One of the common estate planning misconceptions is that [...]
7 Reasons Why Your Tax Refund May Be Delayed How long does it take to get a tax refund? If you efiled and requested a direct deposit you should receive your refund within 21 days. When you efile and request a check it can take up to a month. If you paper file, it [...]
Common Disability Insurance Terms Disability insurance is a type of insurance that will help to replace part of your income in the case you become disabled and unable to work. In this article, we will go over common disability insurance terms that you should be familiar with before purchasing a policy. Extent of Disability [...]
Common vs. Preferred Stock Stock represents a piece of ownership in a company. Typically, they trade on a public exchange like the New York Stock Exchange or NASDAQ. There are two types of stock, common and preferred. In this article, we will go over the differences in common vs. preferred stock. Voting Rights Stock [...]
12 Estate Planning Steps to Take Before You Die While you may not have a large or complex estate it is still important to be prepared. Estate planning is the process of putting your affairs in order to help your loved ones deal smoothly with incapacity or death. In this article, we will go over [...]
Are Teen Subject to Income Taxes? Are teens subject to income taxes? It will depend on their income level and dependency status. It is important to know when they are expected to pay income taxes and how to do so. In this article, we will cover the basics of whether or not teens are [...]
IRA vs. Annuity What is the difference between an IRS vs. annuity? They both are a tax advantaged way to save for retirement. On one hand, an IRA is a vehicle that holds assets like stocks, bonds, and mutual funds. Whereas an annuity is an insurance asset designed to produce income. In this article, we [...]
Benefits of Holding Stocks for the Long Term Holding stocks for the long term means holding on to those investments for a year or more. It requires patience and disciple to do long term investing. It is proven to be a keyway to grow wealth over time. In this article, we will go over [...]
