“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 […]
“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 […]
“Growing old is not an option. We don’t have a choice. But we do have choices that will greatly affect our quality of life for the rest of our life.” —Henry K. Hebeler Small businesses are the largest private sector job creators in our country, creating at least two out of every three jobs in […]
Real estate investing is awesome. Buying a tangible asset that you can drive by, walk through, modify, and be proud of is quite satisfying. Of course, the major downside is that real estate investing requires capital. If you don’t have capital available, you will be forced to save after-tax dollars in hopes of one day […]
The IRS Form 5500-EZ filing due date is July 31 for most plans (without extension). Accordingly, at this time of year, we see increased activity relative to Form 5500-EZ preparation and filing. Close review of the Form 5500-EZ is advised to ensure it is properly prepared and does not unnecessarily raise red flags to the […]
When you hit your 30s, you may start thinking about your major life goals, both personal and financial. Although you may be able to defer some of your personal life decisions, such as career changes, starting a family or moving to a new place, some major financial decisions should not wait any longer. Many financial […]
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