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 […]
When it comes to retirement planning for owner-only businesses and self-employed professionals, Solo 401k plan presents an excellent opportunity to speed up retirement savings. According to the IRS, you can contribute up to $59,000 to a Solo k plan in 2016, making it one of the most attractive retirement plans in the market. However, a […]
“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 […]
There are many challenges that new business owners need to prepare for. The initial stage of a business can lay the foundation and set it up for success. However, this stage also requires extra effort from the business owners. What are the considerations that you need to keep in mind to ensure the survival and […]
Small businesses are the backbone of the U.S. economy, accounting for 66% of all new jobs created in the country since the 1970s, according to the U.S. Small Business Administration. Further, it seems that small businesses have been more successful in this area than big businesses, adding 8 million jobs since 1990 compared with 4 […]
“Landlords grow rich in their sleep without working, risking or economising.” ~ John Stuart Mill A majority of the investors would agree with the English philosopher, especially with the positive sentiment growing throughout the US real estate market. With a well-thought strategy, adding real estate to a retirement portfolio could beat wavering stock market returns […]
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 […]
Article by Larell Baldwin There seems to be a prevailing confusion over how to treat the designation of beneficiaries of a life policy where a Revocable Living Trust is in place. The main consideration of avoiding Probate can be achieved in either case whether beneficiaries of the life policy are named in the life policy […]
For many families, it is a given that the children will inherit their parents’ wealth immediately after the parents are gone. Many parents work hard all their lives so that they can accumulate wealth and pass on to their children. It is natural to think that your children can simply take over all the inheritance […]