10 Things You Need to Know About Annuities Annuities are commonly misunderstood. But they can be useful investment planning tools. In this article, we will go over 10 things you need to know about annuities to be in a better place to utilize them properly. 1. What is an Annuity? An annuity is a [...]
Hedge Against Inflation It is important to hedge against inflation. Inflation is the rate at which the value of currency is falling. This causes prices of goods and services to rise. To hedge against inflation is the process of protecting against decreased purchasing power. In this article, we will go over five strategies you [...]
Beneficial Ownership Information Report Beneficial Ownership Information Report is a new requirement from the Financial Crimes Enforcement Network (FinCEN) that business owners must provide personal identifiable information to the federal government. This report was created under the Corporate Transparency Act (CTA). The purpose of its creation was to prevent anonymous shell companies and to [...]
Home Sales and Taxation Home sales and taxation go hand in hand. Fortunately, there are ways to reduce capital gains on your home sale and reduce taxes. In this article, we will go over secrets to home sales and taxation. Exclusions Under the Taxpayer Relief Act of 1997 there are exclusions that help reduce [...]
Estate Planning and Life Insurance Life insurance can be a helpful estate planning tool. Many use it to help their loved ones cover lost income or pay off debts, but there are more uses for it. In this article, we will discuss 3 ways you can use estate planning and life insurance. 1. Final [...]
Utilizing Traditional and Roth IRAs Utilizing Traditional and Roth IRAs can help you maximize investment benefits to boost retirement savings. In this article, we will go over how you can use Traditional and Roth IRAs for a combined benefit. The Basics The main difference between Traditional IRAs and Roth IRAs is how you fund [...]
8 Steps for a Complete Estate Plan A complete estate plan is vital to protect your assets for your loved ones. In this article, we will go over 8 steps for a complete estate plan. 1. Inventory Your Estate It is important to take an inventory of your estate, which is a list of all [...]
6 Taxes Retirees Face As you age, you need to factor in tax planning. There are forms of taxes you will face in retirement that you did not previously have to worry about. In this article, we will go over 7 taxes retirees face. 1. Social Security Taxes If you are still receiving income [...]
Frequently Asked Questions About Disability Insurance Disability Insurance is a type of insurance policy that will replace a portion of your income if you are unable to work for an extended period due to illness or injury. But it is not a well-known type of insurance, and many know very little about it. In [...]
Benefits of Long-Term Investments Long-term investing involves holding on to stocks for a year or longer. In this article, we will go over the benefits of long-term investments. Avoid Poor Market Timing Most investors are emotional, and this negatively affects the performance of your stock portfolio. The biggest mistakes that people make are selling during [...]
