Have you had “the talk” with your parents yet? I’m talking about the conversation that will help you help them manage their financial future most securely.
The millennial’s retirement Pot of Gold might be held in Roth investment accounts and/or a less popular account that can help mitigate their long-term care risk while maintaining flexibility and liquidity of the assets designed to address care. Let us take a look at that less popular account here.
There’s an old story about a king who, while indebted to a sorcerer, is given the choice of paying cash in 30,000 talents of silver to the sorcerer, or paying the sorcerer one talent on day one, and doubling the payment each day. This payment would continue for each square on a checkerboard (64 squares).
Americans are not saving enough. Despite low levels of unemployment and what looks to be one of the longest economic expansions in US history, many still lose sleep at night over a lack of emergency funding.
Recently I have noticed a lot of news stories about ridesharing that went wrong. Anyone who uses the apps Uber and Lyft have probably had their fair share of strange drivers, but it ended in them arriving at their destination safely. Because these are a relatively new service provided to the public, there really isn’t much of a protocol for best practices when using a rideshar
Home improvement projects are very popular, especially when the economy and the housing market are doing as well as they are now. When remodeling, many people use general contractors, while some choose to manage the project themselves. But one factor that many people fail to consider is the fact that no matter who manages the project, everyone involved in it, from the homeowner to t
What I expect from myself:
I have always believed that it is a rare occasion that insurance should be used for more than insuring something you can’t afford to lose. When considering life insurance, this means using term policies to cover income that your family can’t do without. Sure, on a rare occasion we will find a cash value policy useful for estate planning with tax issues.
Most people would not complain if they got a big tax refund. After all, who doesn’t love free money?! It’s easy to think about a check from the IRS as “found” money and plan a shopping trip accordingly. However, getting a rather large check is not actually as beneficial as you might think.
Big tax refund = LOSING money
Taxes are complicated. That is why there are people whose entire job revolves around helping individuals pay the government what they owe. There are so many different variables that can affect the amount you are required to pay that it helps to have a professional assist you. To make it even more complicated, some folks who aren’t experts by any means spread misinformati
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