Don't Wait for Disaster to Hit. Business Insurance is a Must for Every Business.
You think it will never happen until it happens to you. That's exactly what happened to small businesses in five states this week. More than 150 tornadoes devastated people's homes and personal lives as well as ... Views: 681
Want Smooth Sailing for Your Tax Planning? Get Your CPA On Board.
Taxes, tax planning, estimated tax payments, your CPA. Feeling nauseous yet? Need a brown paper bag?
It doesn’t have to be this way. Like most people, you are not wired to deal with this tax stuff. You are not supposed to be ... Views: 677
More of the same equals more of the same. You want a different financial life for 2013? Shake it up a bit.
Shake that booty. Stir the pot. Seriously, let’s get this pahtay started right now, Pirate’s Booty style. Check that. Gangnam style.
Different actions could yield different ... Views: 654
You May Be Subject To Alternative Minimum Tax and Not Even Know The Consequences
The Alternative Minimum Tax was introduced by the IRS in 1969 and instituted for wealthy people who were eligible for special tax benefits – and thus owed little or no taxes. Based on a number of factors, more ... Views: 652
You want to pay down your debt. But you’ve been making the same money for the past 2 years. You know that something has to change. Or it’s just going to be same sh** different day.
You totally want to upgrade your website, hire an employee, get a MacBook Pro, and invest in social media. ... Views: 642
Your portfolio is about risk tolerance
We all want to make money when we invest. We start out investing as long term investors and think we can ride out the crazy stock market. Sometimes we think we are more aggressive risk takers than we actually are. We are prepared to take risk and make ... Views: 639
When it comes to investing, many of us are so concerned about losing money that we forget why we are investing in the first place. We are investing to reach some goal, some goal that we set in today’s dollars in our minds. When we plan for a goal that is far away, say 10, 15 years in the future, ... Views: 630
Most of us think that our portfolio, home equity or business is our largest asset. But what about our ability to produce income?
Assume you and/or your business earns $200,000 per year:
The present value of making $200,000 a year for the next 5 years is $890,364. In other words, if you ... Views: 626
If you work at a public company, chances are that your company offers you a way to buy stock in your company at a discount. It’s a way of saving and investing automatically where your investment gets deducted from your paycheck. There is no tax deduction – you are using after tax money to buy ... Views: 616
Each time my kids achieve something for the first time that they have been trying to do for a while, they become proud of themselves and gain confidence. Whether it's tying their shoes or writing their names for the very first time, they see that they can overcome an obstacle and succeed at ... Views: 571
4 Reasons Why Bonds May Fit In Your Portfolio
We’re going to take a peek at how bonds could fit into your portfolio and why you would want to buy them.
1. Your portfolio lost over 30% in 2008. You are approaching retirement and you don’t have the earnings power to make up huge losses ... Views: 556
For most of us, when we think of the word risk, we think of losing money. We think of the unknown and what could go wrong.
Have you ever heard of the term standard deviation? It may be the measure that you are looking for to assess the overall volatility of your portfolio and your financial ... Views: 553
Philanthropy is Full-Anthropy
Has anyone ever asked you what you would do if you had all of the money in the world? Most commonly, people respond with, "I'd buy a bigger house or travel." This is often followed by, "I'd donate more money to charity."
People who are charitably inclined ... Views: 541
9 Key Points to Better Understand Bonds
Out of all of the investment conversations I have with my clients, it seems that most of them don’t understand what bonds are and how they could fit into their portfolio.
Do You “Get” Bonds?
1. A bond is debt. When you buy a bond, you lend your ... Views: 491
Has the volatility of the stock market got you thinking about what to do? Now may be the right time to make your own lemonade stand. Consider doing some tax loss harvesting.
So how does this work? Selling securities at a loss can offset your capital gains tax liability. At the end of the ... Views: 488
Learn from the Weight Watchers program: 6 Ways to Get What You Want With Your Personal Finances
1. The point system keeps you in check and provides flexibility. You can eat some foods that you love just as long as you don't go over the allotted points per day.
Develop a saving and spending ... Views: 467