Retirement Myth #2: Mom And Dad Are Leaving Me Their MoneyThe reality is there may not be much money left to inherit.
Retirement Myth #1: I Can Wait Until I’m Earning More Money To Save For RetirementThe reality is if you start later in your working career you will need to save more money than if you had started younger.
All About Getting At Your IRA MoneyIt is your money in that IRA, and you can get at it, but you may have to pay a penalty to get at it.
All About Roth IRAsWith a Roth IRA, you use after-tax dollars to make your contribution and when you withdraw the funds in retirement you will not owe income tax.
All About Spousal IRAsA Spousal IRA is used for an unemployed or underemployed spouse with little or no income.
All About Rollover IRAsA Rollover IRA allows you to receive distributions from qualified retirement plans such as your 401(k), 403(b), 457.
All About Traditional IRAsIRAs were introduced in 1974 and were designed to help individuals not covered by retirement plans at work and to give individuals changing jobs the ability to rollover retirement assets and retain the tax deferred status.
Small Businesses: Disaster PlanningMost small businesses, especially ones run from home, have not given enough thought to planning for disasters, natural or man made.
Small Businesses: Retirement PlansIf you are smart enough to start your own business, you should be smart enough to start a retirement plan as well!
Small Businesses: Section 179 DeductionsNormally if you purchase capital equipment for your business you don’t get to expense the total cost of the equipment the year you buy it, but Congress wrote an exception into the tax code.
Small Businesses: Schedule C - Your Tax DeductionsThere are many tax deductions for the self-employed and to learn more get yourself a good CPA for your team of advisors.
Small Businesses: Getting StartedSmall Businesses are defined as having less than 500 employees and according to the SBA