Getting a divorce is never enjoyable, whether it was initiated by you, your spouse, or both of you. After many years, things can be very tricky because everything must be split up in even proportions. This ranges from money and possessions to children and pets, and these are not easy matters to handle. If you were in a living situation that had you hardly involved with the finances, you may be at a complete loss after the divorce.
10 August 2016
The process of planning for your retirement can seem like a stressful and overwhelming task. This can be particularly true for those with a limited understanding about financial topics. To help you be better prepared to make smart choices about this essential topic, you may benefit from having the following questions about annuities answered so that you can be better able to make informed choices about incorporating this into your retirement plan.
19 July 2016
As you plan for your retirement, there are a number of ways you can invest for your future. Annuities are a type of insurance, and an annuity gives you a stream of income during your retirement years. You invest in the annuity as part of your retirement plan, and you can choose how the annuity will pay out to you in the future. You can choose to receive monthly payments, quarterly payments, payments once a year, or you can receive your entire annuity payout at one time.
8 February 2016
Shark Tank is a television show where entrepreneurs compete for private equity bids from "sharks," private investors who have a lot of money to invest in budding businesses and a possible monetary interest if the businesses succeed. If you have never watched this show, you may want to. There are several things you can learn about private equity that you probably never knew before, and what you learn may help your own entrepreneurial endeavors.
20 November 2015
If you have an individual retirement plan such as an IRA, you are going to need to make sure that you make the most of it by the time you are ready to retire in order to ensure that you can stop working and still live comfortably. Here are some tips for making the most out of your IRA and saving as much money as possible. 1. Put Funds Directly Into Your IRA From Your Paycheck
13 October 2015
Some employer-sponsored 401(k) retirement plans allow participants to contribute more than the amount eligible for tax-deferral. Although income tax is paid on the additional contribution, interest earned is not taxed until withdrawn. Starting in 2015, individuals with both pretax and after-tax 401(k) contributions have increased incentive to roll their 401(k) over to an IRA. Many 401(k) account holders choose to roll their funds over to an individual retirement account because the IRA has a wider array of investment choices.
31 August 2015
Many tax filers assume that receiving an income tax refund is better than paying a balance due. Although a refund is preferable in the short run, it is effectively an interest-free loan granted to the government. In the longer run, tax filers can possess more money to spend throughout the year by recognizing the financial drawbacks of a tax refund. The government pays no interest on tax refunds. The funds are tied up and inaccessible until you file a tax return to request the refund.
24 July 2015