There are many advantages of a small business LLC. One is limited liability of members. Who wants to be personally liable for the debts of a sole proprietorship or partnership? LLC members and partners aren’t personally liable for the debts of the business, and that’s why many join in the first place. That means if […]
Archives for February 2012
How to Read the Numbers on a Check
You may think that reading a check has got to be about the most boring exercise you could think of. If so I’d have to agree with you. Just the same, there is a lot of information on your checks, so learning how to read the numbers on a check is a smart move. This […]
How to Calculate Cost Basis
If you are an investor, you need to know how to calculate cost basis. That’s not because cost basis is relevant to your investment decisions – it isn’t, as you’ll see below. Cost basis is critical for investors because you need to track it in order to prepare your tax returns. In a nutshell, cost […]
5 Rewards Credit Card Tricks and Gimmicks You Didn’t See Coming
This is a guest post about credit card tricks. Laura Edgar is a personal finance specialist at NerdWallet, an unbiased credit card comparison website dedicated to helping you find the best credit cards. In many ways, a rewards credit card is fairly straightforward and it’s not tough to maximize your credit card reward points. You’ll […]
An Amortization Definition You Can Understand and Use
Amortization is a key concept in your financial life. If you don’t have a clear amortization definition, you’ll find it difficult to understand how a mortgage works. And amortization is also critical if you want to budget effectively (much more on that shortly). Can you think of any more important financial concept? There aren’t many. […]
Roth vs. Traditional IRA: Once You Retire, Which Is Best?
How does a retired person approach the issue of Roth vs. Traditional IRA? Dave sent an e-mail asking this very question: Why should I assume I will be in a higher tax bracket in retirement? I am planning (with luck!) to have minimal expenses in retirement (hoping to pay off mortgage, etc by then) so […]