“Mistakes are the portals of discovery.” ~ James Joyce Mistakes are undeniably the true predecessors of great discoveries, and making mistakes indicates that you’re trying to better your life. However, some mistakes are costlier than others. For an instance, launching a product that didn’t get the necessary traction adds to your learning, but a financial […]
Real estate has once again claimed its spot in the average investment portfolio, as the markets are close to their pre-recession levels. According to the U.S. Census Bureau, the median sales prices of houses in the country were down 1.8% in the year for the data available until June 2015 to $281,800, indicating an excellent […]
“Investing” is a simple concept under which, you use your existing money to create more money and so on. However, the art of investing is difficult to come by and you will encounter an army of amateur investors that didn’t make it. But it is rare to find a bank that had a similar opinion […]
The IRS allows termination of a retirement plan along with the option to rollover funds into a new retirement account. The key is to follow IRS guidelines, plan amendments, which protect the tax-favored status of your retirement plan during termination and ensure that plan participants can, further, rollover the funds to other qualified retirement plans. […]
Real estate is making its comeback in the investment portfolio of average investors, as indicated by an independent survey conducted by Bankrate.com. It diversifies the portfolio while hedging investments against inflation and sudden market movements. If you are a small business owner or self-employed professional with a Roth Solo 401k account, you can invest in […]
“Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised.” ~ Russell Sage According to a recent survey conducted by the Association of Foreign Investors in Real Estate, focusing its members that hold real estate worth in excess of $2 trillion globally, U.S. remains one of […]
Real estate is one of the most tried and tested recipes of generating sustainable wealth. What is even better is the tax shelter it offers, especially for high-income individuals. Working with real estate investors as our primary clientele, we hear some terrific investment strategies. One of our clients, Bill, bought an organic Mango farm in […]
“Retirement is wonderful if you have two essentials- much to live on and much to live for.” ~Unknown We work hard our whole life to enjoy the relaxing days of retirement, but the key to healthy retirement is to have a large retirement fund, along with someone to spend it on. For regular professionals, their […]
For self-employed professionals planning to add a tax lien in their Solo 401k retirement portfolio, it is important to understand the lien sale process in their target county. The best way is to contact the county tax office or treasury department, as some counties conduct tax lien auctions whereas others prefer an online auction model. […]
“In this world nothing can be said to be certain, except death and taxes.” ~ Benjamin Franklin “Diversification is not just about investing across asset allocation but also across tax-advantaged investments.” ~ Joel Bruckenstein Benjamin Franklin was able to summarize one of the biggest financial realties in a single quote, whereas Joel Bruckenstein emphasized over […]
