There are many enticing offers that may persuade you to switch credit cards. Sometimes, it makes sense. But other times, it just may not be worth it. Here’s what to consider: When you simply apply for the best credit cards in 2012 (regardless of whether or not the credit card company accepts your application, your [...]
If you have an LLC, it’s important to understand that there are many Limited Liability Company tax advantages and disadvantages. If you are a small business owner, you have the option of running it under many different legal forms. One of those forms is an LLC or Limited Liability Company. This election has a number [...]
You’ve heard this term thrown around for years no doubt. Ever wondered what it really means? What is money management? “Money Management” revolves around one word – risk. In other words, proper money management helps you reduce risk. It helps you avoid the downside pain and that’s why it’s critical you understand it. When I [...]
If you own an Inherited IRA, you have required beneficiary IRA distributions you must take. It doesn’t matter how old you are. And sadly, it doesn’t even matter if you need or want the money. The IRS boys want you to take your distributions starting the year after you inherit the account. (Read “IRA Beneficiary [...]
Forget about the 30 vs. 15-year mortgage question. You can have no more mortgage in a very short time. It will require commitment, work and different financial behavior, but you can get it done if it’s important to you. Here’s how: 1. Commit. Any great financial endeavor needs commitment, and this is no exception. There [...]
You may not believe it, but the courts can and do set aside your 401k beneficiary form under certain circumstances. That’s right. 401k beneficiary rules are vastly different from IRA beneficiary rules. I have to admit that this came as a shock to me but it is actually true. Let me share with you a [...]
Financial resilience is a critical quality to have. We all face financial trouble at one time or another. The important point is to be able to bounce back. But how? It’s not easy to recover — especially when you’ve fallen from great heights. John was the “dentist to the stars.” He treated the biggest names in Hollywood. [...]
People often skip over planning for Social Security benefits eligibility while they are working. That’s because we’re all busy investing for retirement and it’s easy to forget one of the most important elements of retirement planning. Social Security has for decades been one of the primary sources of retirement income for tens of millions of [...]
You can easily start a freelance business from scratch. All you really need are strong entrepreneurial ideas. You won’t need an office or to set up a separate legal entity to get going either. You also don’t need a great deal of start-up capital because as a freelancer, you’re selling your time…not a product. And since you’ll [...]
If you dislike the idea of living with debt you probably find the idea of debt after death even less attractive. Of course one way to solve this problem is by having enough cheap term life insurance. But there are other steps you can take to make sure you don’t leave debt as an inheritance [...]
Do You Have Questions About Your Investments or Retirement Plan?
Subscribe via RSS