by ccordell12 | Dec 30, 2013 | Asset Management, Financial Planning, Planning for Retirement, Retirement Planning, Tools for Growing Families
Go out into your yard and dig a big hole. Every month, throw $50 into it, but don’t take any money out until you’re ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn’t it? But that’s what investing...
by ccordell12 | Dec 30, 2013 | Estate Planning, Resources for Retirees, Tax Planning
If you give away money or property during your life, those transfers may be subject to federal gift and estate tax and perhaps state gift tax. The money and property you own when you die (i.e., your estate) may also be subject to federal gift and estate tax and...
by ccordell12 | Dec 30, 2013 | Insurance, Planning for Retirement, Resources for Retirees, Tax Planning
Your chances of requiring some sort of long-term care increase as you age, and long-term care insurance (LTCI) can help you cover your long-term care expenses. Although tax issues are probably not foremost in your mind when you buy LTCI, it still pays to consider...
by ccordell12 | Dec 30, 2013 | Asset Management, Planning for Retirement, Resources for Retirees, Small Business Owners, Tax Planning, Tools for Growing Families
It’s nice to own stocks, bonds, and other investments. Nice, that is, until it’s time to fill out your federal income tax return. At that point, you may be left scratching your head. Just how do you report your investments and how are they taxed? IS IT...
by ccordell12 | Dec 30, 2013 | Asset Management
What would you do with an extra $10,000? Maybe you’d pay off some debt, get rid of some college loans, or take a much-needed vacation. What if you suddenly had an extra million or 10 million or more? Whether you picked the right six numbers in your state’s...
