• Why Financial Planning Is Important For Young, Single Adults

    When you're young and single, you may not think much about financial planning. You might think that's for when you're established and have kids and a spouse relying on your income. However, financial planning is important for singles too, and in some ways, it's even more important. Here's a look at why. You Don't Have A Spouse's Income To Fall Back On Building up an emergency fund should be a top priority when you're single. [Read More]

  • 3 "Extras" You May Want To Budget For When Planning Your Retirement

    When planning for your retirement, you'll first want to make sure that you're prepared to keep a roof over your head, to buy food and to cover your medical expenses. These are the most important things to focus on, but there are some "extras" that you might want to plan for when planning your retirement, too. These extras will be different for everyone, but these are a few that you may want to think ahead about. [Read More]

  • Is Your Small Business Bringing In Big Income? What To Know Now

    When your small business takes off and becomes more profitable than you knew it would be, it's important that you find the right financial expert to help you with wealth management planning. There are many things that you want to do with the money to ensure your financial future and to keep your business profitable and growing. Here are some of the things that you want to do to make sure that you are on the right financial track. [Read More]

  • No 401(K) At Work? 4 Other Retirement Planning Options To Keep You On Target

    If you don't have access to a 401(k) account through your employer, saving for retirement may seem more difficult. And while it can be somewhat complicated, you can meet the challenge. Here are 4 alternative retirement planning options anyone can take advantage of.  Traditional IRA. Individual Retirement Arrangements, or IRAs, are available to just about any person under the age of 70 1/2. You can typically open an account with your bank or a brokerage company, and you can choose from a variety of different investment options to invest without paying taxes on your contributions. [Read More]

  • Thinking Of Investing In A Local Sports Franchise? What To Know

    If you are looking to purchase a sports franchise, or to go in with other investors in a sports franchise, there are a few things that you want to do. You want to talk with the others that are considering this business venture, and with a lawyer, so you can get the right assessments that are needed before you make any moves. Here are some of the things that you want to do right away to get the decision making process started. [Read More]

  • How Can Small Business Owners Make Estimated Taxes Less Painful?

    If you've been in business for more than a year or two, you may find yourself dreading four distinct dates each year--the days your required estimated taxes are due. Unfortunately, even for businesses that withhold FICA deductions from employee wages, estimated tax payments can be a part of life; and if you're relying on your monthly cash flow to meet your overhead expenses, it can be easy to find yourself in a tax hole and struggling to pay your existing obligations. [Read More]

  • How To Check Your Net Worth To Determine Your Financial Progress

    One of the best things you can do to measure your financial progress is perform tests to determine if your financial state is improving. While there are numerous ways to do this, one good method is by periodically checking your net worth. Your net worth is a number you can easily calculate, and you can use it as a measurement of your financial growth. What Is Net worth? Net worth is an amount that represents how much you are worth. [Read More]

  • Funding An IRA For The Nonworking Spouse Of A 401(K) Participant

    A nonworking spouse in a married couple may perform years of unpaid work carrying out household and family duties. Most retirement accounts can be held in the name of only one individual, so the working spouse is usually the registered owner of any 401(k) funds. As a practical matter, a married 401(k) owner is likely to view the account as a joint asset. However, a participant in a 401(k) plan may also fund an individual retirement account for a nonworking spouse. [Read More]

  • 4 Ways A Financial Planner Can Help You

    If you're not fully satisfied with your current financial situation or how you handle your own financial affairs, it may be time to consider getting professional help. There are financial planners who are able to help you with a variety of financial needs. Keep reading to better understand the many ways in which a financial planner can help you. Handle Your Taxes Correctly Many people find taxes to be confusing. They don't understand which forms to use or don't know the best ways to get the best possible tax breaks. [Read More]

  • IRA Fiduciary Duty For Brokers, Planners, And Investors

    Annual investments in an IRA help set a course for the future that may lead to a more comfortable retirement. An IRA operates much like a mutual fund, but with a few differences. Mainly, IRA deductions are tax deductible and money cannot be withdrawn without penalty until a set retirement age is reached. Those planning for retirement a little late in life do need to be very careful how their funds are invested. [Read More]