If you qualify, you should strongly consider launching your business as a professional limited liability company (Professional LLC). If you love being self-employed, you’ll love the benefits of being a corporation and being a partnership. What are the advantages of being a professional limited liability company? They are much simpler and less expensive than corporations […]
Old 401k? Your Best Tactic Now
If you have an old 401k, you have an important decision to make. Should you leave it with your former employer, roll it over to an IRA or roll it over to a new employer plan or should you do a rollover to Roth 401k or Roth IRA?. (Actually, we’ll ignore this last question since […]
Choosing a School – How Smart People Do It
Choosing a school is important for your future, but not for the reasons most people think. You see, if you go to the wrong school, get the wrong degree, spend the wrong amount of money or end up with the wrong amount of debt, you’ll waste a good chunk of your working career making up […]
Is a Reverse Mortgage Annuity a Good Deal?
If you are looking for some extra retirement income, you’re probably intrigued by the idea of a reverse mortgage annuity. It’s a way for you to tap into the equity of your home. You’ll receive that money for as long as you’re able to live in your home, and you won’t have to repay the […]
Beneficiary Forms -How To File Them Out Correctly
Your beneficiary forms are one of the building blocks of your estate plan. You might understand all the IRA beneficiary rules but if you make a mistake filing out your forms, you’re in for a world of hurt. And this goes for your other money as well. Your non-retirement accounts (called “non-qualified” accounts) are also […]
“I Want to Make More Money” — Here’s How You Can
A buddy I know from the music scene called me up yesterday. After we exchanged a few pleasantries, he got down to brass tacks. He told me he was happy but needed to bring in more Benjamins. While I’m not the answer man, I did have a few ideas for my pal. The first order […]