If you want to take control of your finances and prepare for the future, it may be time to hire a financial planner. When you don’t properly plan for future financial needs, it can make your later life a lot difficult and very stressful. Taking the time to think ahead and create a plan will allow you to reach your goals sooner. Financial advisors help individuals of all ages and situations with their money matters.…
If you’re not yet saving for retirement, you need to start as soon as you can. Having a proper plan in place and following it is key to ensuring that you have enough money in the future. Most people don’t want to work forever and it requires a lot of money to be comfortable and happy in your retirement years. Here are the reasons why retirement planning is a must. …
Do you want to get started investing but don’t know where to start? One of the most important things you can do as a new investor is to understand the basic building blocks of traditional investing and what they mean for your portfolio. What are these basics? Here’s a primer for what you need to know.
1. Stocks
Stocks are the most common investing tool people think of when they think of “…
Delaware Statutory Trusts, or DSTs, have become quite a popular way for people to invest in real estate when they are looking to yield a long-term return on their investment. While full of perks, these investments can also have their negative qualities. Take a look at the pros and cons of DST 1031 investments.
Pro: The money contributed to a DST 1031 property is not taxable.
The IRS treats the DST as a real estate investment, which means the money held in a DST is not taxable.…
If your credit score isn’t as good as you’d like it to be and you’re not sure how to improve it, then you might want to work with a credit repair company. This type of company can often help repair bad credit marks and teach you how to improve your credit going forward so your credit score begins an upward climb. You can often start with a free credit repair consultation to learn about the options for improving your credit and how the company can help.…
Is an all-cash diet a great idea for your financial health? An all-cash diet is all about cash. As part of this lifestyle change, you put down your cards and other digital wallet tools and rely solely on cash for all of your financial transactions. Remember, when it comes to meeting your long-term financial goals, it’s all about planning, and an all-cash diet is a great place to begin.
Benefits…
When you open a small business, you make a commitment to become a jack of all trades. Not only are you in charge of the fun tasks such as product acquisition and marketing, but you are also stuck with the less desirable tasks of accounting and tax filing.
If you are knocking it out of the park on social media and your business is quickly growing because everyone loves your products but you are struggling with the bookkeeping side of things, then these tips will help you improve your small business accounting:…
If you’re like many millennials, you haven’t been in the working world for very long — and you may even have just recently started your career. Like most people of your age, retirement seems so far in the distance that you have no immediate plans to begin an individual retirement savings program. Other factors may include heavy student loan debt and the skyrocketing cost of living in many of the nation’s urban areas, and if you’re affected by either or both of these conditions, you’re probably thinking that you need to take care of your immediate needs before stashing anything away for the future.…
If you have long wondered about how you should be managing your finances, you may be considering working with a financial planner. While some people feel discouraged when they discover that financial planners often require contractual payments for ongoing services, the good news is that some financial planners will actually work with you on an hourly basis. Here are a few situations where it could be advantageous to work with an hourly financial planner instead.…
As money begins to accumulate in your bank accounts, you may feel that investing your cash into mutual funds or stocks is important. Before putting money into various investments that don’t perform the way you expect, try these different financial planning suggestions.
Use a Fee-Based Financial Planner
Many first-time investors use commission-based financial planners. This means that a financial planner will earn commission from the various investment tools they recommend to clients.…