Lending money to family is rotten idea. If you can find a way NOT to do it, don’t. Of all the financial mistakes I’ve ever seen, loaning money to family or friends is probably the biggest. When your brother in law comes to you looking for a bail out, point them in enlighten them about […]
Why You Pay Tax ON Mutual Funds Even If You Make No WIthdrawals
The tax treatment of mutual funds is confusing. It’s very possible to make a ton of money on your funds and pay no tax. But it’s just as easy to watch your account values drop and still face a painful tax liability at the end of the year. It has nothing to do with whether […]
How To Use Online Financial Calculators
If you are intimidated by the idea of using an online calculator to create a few financial projections you won’t feel that way after you go through this post. We’re going to explore this exciting world together! We’ll look at how you can use these puppies to get a quick snapshot of where you stand […]
How To Plan For The Future When You Don’t Have A Crystal Ball
How are you supposed to create a financial or retirement plan if you have no idea what the future holds? Sounds impossible. Everything changes….right? Where you be living 10 years from now? Where will you be working 10 years from now? What will your health be like? How much will it cost you to live? […]
Should You Buy Investments From Your CPA or Tax Preparer?
In just a short time you’ll probably be sitting down with your CPA to prepare your tax return. I get that you trust your CPA. She is smart, conservative and honest. But should you take investment advice from her? Even if they are good at doing taxes, are they they best investment advisor for you? […]
What Is a Master Limited Partnership?
As investors become more and more desperate to earn higher yields on their investments (especially those looking for more retirement income), they become more and more interested in MLPs – master limited partnerships. But what is a master limited partnership and is it a safe investment? The Definition MLPs are securities that are traded on […]