I know what it’s like to have financial trouble. Both my parents passed away while I was still in High School. I took a tiny insurance settlement to a financial advisor. Rather than help me grow it safely to help me get through college, he churned and burned the account. It was horrible. But this experience made a deep impact on me and helped me really understand what it’s like to be in a tough situation with limited resources and almost no financial understanding. This motivated me to help others by developing a top-rate financial planning firm offering clients a comprehensive range of investment and financial planning services that are customized to clients’ needs.You might think you don’t have to worry about federal estate taxes anymore. Current laws exclude the first $5 million in your estate for estate tax. And to make it an even sweeter deal, a couple (if both are American citizens) can exclude up to $10 million. Does that mean you don’t have to worry [...]
If you want to run a successful business, you have to come up with a strong business name. And if you run your business under a name that’s not your own, you need a “DBA” (“Doing Business As”). The good news is that if you create a DBA, you can use just about any name [...]
Getting a letter from the IRS is almost never a pleasant experience. Even though I run a pretty tight ship when it comes to my tax return, I’ll admit that I get a little nervous when I see that the Treasury department wants to have a word or two with me. I do my best [...]
A good income-to-debt ratio will help you tremendously in just about all aspects of your financial life. You’ll qualify for credit more easily because you’ll have a good credit score, and you’ll pay a lot less when you borrow money. You’ll also be a more desirable job applicant if you apply for a new job [...]
The Occupy Wall Street people have done us all a great service by forcing us to re-examine our relationship with money and ask the question, “Is greed good?” They are sure that the greedy pursuit of wealth is the root of all evil. While in reality, just the opposite is true, we can only understand [...]
Part of the beauty of having your business in the United States is that you have a great deal of leeway when it comes to selecting retirement accounts for self-employed people. And ever since individual 401k plans became available, more and more business owners have taken advantage of this option. Let’s see if an individual [...]
Betterment is a tool that is designed to help do-it-yourself beginner investors. It helps you save a lot of time and you can get started investing even if you have a small amount to invest. This site actually manages your money for you but let’s take a look at my Betterment review to see if [...]
If you are an investor, you know how difficult it is to tolerate investment volatility. It’s not unusual to experience day after day of multiple 100 point swings in the major indexes – from one direction to the next. That kind of movement can throw you right off your investment horse. More than one person [...]
When you start your small business, one decision you have to make is how to form your entity. Many entrepreneurs find it difficult to decide between the LLC or sole proprietor business structure. The best way to make that decision is to take a few minutes to really understand the differences between the two. Let’s [...]
When will the housing market recover? Is now the time to buy a house or to make an investment in rental real estate? If you are looking for an answer, you may find the situation confusing. On the one hand, people are signing real estate purchase agreements in big numbers compared to 18 months ago. [...]
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