A penny saved is a penny earned, right? Not necessarily. Thanks to inflation, over time that penny could be worth less than when it was first dropped into the piggy bank. That's why if you're investing -- especially for major goals years away, such as retirement -- you can't afford to ignore the corrosive effect rising prices can have on the value of your assets.
Successful entrepreneurs invest a great deal of time and effort building their companies. With the day-to-day demands, it is often difficult to imagine selling or stepping down from your business. But in order to help build financial security for your future, minimize estate taxes, and ensure business continuation, it is important to plan ahead.
There are two great reasons for buying a vacation home: You want one and you can afford to buy it. Buying a vacation home as an investment, however, should not be your primary motivation.
Some vacation properties can also be good investments. Others aren't. As recent history has shown, real estate prices can go down as well as up, and there are no guarantees.
Most business that desire to help their owners and employees, find their budgets strained by spiraling medical insurance premiums. One solution, the Health Savings Account (HSA), which was created as part of the 2003 Medicare Act, is a relatively affordable—and tax efficient—alternative to traditional managed-care group plans.
The Bipartisan Budget Act of 2015 created several changes to claiming strategies for Social Security benefits. After April 29, 2016, the option, where one spouse delays benefits while the other collects benefits based on the first spouse’s record, will be gone. You have a limited window in which to take advantage of a special grandfathering of the new law.
Most people think estate planning is only for the wealthiest of people. Certainly, the 55% of Americans who died without a will thought so, even though all of their estates ended up in probate court subject to the laws of the state. Sadly, the surviving families were thrust into a situation that resulted in unnecessary distress, expense and, for many of them, devastating financial c