You have worked hard all your life to build your retirement assets. And, you want those assets to work hard for you throughout your working career and your retirement years, and then for your family and heirs after that. IRAs are wonderful products, with lots of benefits and flexibility, but those benefits come with certain rules and regulations you need to keep in mind.
Ask yourself: Are you paddling or floating your canoe down the river of your business life? If you're floating, then you're on the defense. If you're paddling, then you're on the offense.
What happens if you have faithfully paid all of your court-ordered child or spousal support but many years after the fact, your ex brings you back to court claiming you paid nothing at all?
I have been preparing a lot of retirement plans lately for clients. It seems that those who have been coming in for this service are the ones who have adequately prepared financially for their retirement years.
Times may be tough, but the people who are in sales for a living will tell anyone who is listening, "Times are GREAT!" but what they say on the inside and really want to say out loud is, "It sure is tough out there!"
Retirement should be a reward for a life of planning, sacrificing and saving. It should be a time to start a fulfilling new career, explore volunteer services, build a new home and travel to new places. It means getting involved with all those activities that there was never time for before you retired. But every reward seems to come with a challenge. Inflation, market volatility and ever-increasing taxes can erode purchasing power. And continuing good ...
It seems that I'm "banging the drum" a lot about entrepreneurs working from home at their own business, but with the high cost of gas, high food prices and high employee layoffs, it just makes sense.
One of the most common mistakes investors make in dealing with their IRAs is to name or change a beneficiary. In this changing world and with our fast-paced lives, many people overlook the important feature of passing on one of your most important assets. The IRA beneficiary designation form serves as an important estate planning document.
In today's housing market, many people are upside-down with their mortgages. Not to mention, many homeowners have an adjustable rate mortgage that has the payment skyrocketing.
Fire season: Are you prepared in the event of a disaster? Most people would not be able to remember everything they own if they were asked to list them all out from memory. What would happen if they were destroyed by a fire? Now is the time to prepare an up-to-date home inventory. The inventory will help you get the back-up information for your income tax return, the processing and settling of your insurance claim ...
After 90 days or so on a new job, I pointedly asked my not-so-new boss, "I've been here for just about three months, how am I doing?"
To be a successful entrepreneur you must have patience, perseverance, honesty, fidelity and the personality of a self-starter. There are many who have fine staying qualities, but poor starting qualities.
In California, where spouses are concerned, property rights are determined by looking at the basic principle of "yours, mine and ours" - what's yours is yours, and what's mine is mine (separate property).
The most important decision to make in establishing a trust may be the selection of the trustee. The trustee's role is to carry out the terms of the trust and fulfill its objectives. While there are several different types of trusts, this column will focus on the most common type, the revocable living trust, and the selection of a successor trustee.
Keeping a handle on our lives and time are key to being able to succeed. Many of us make "to-do" lists, but few of us take the time to weigh the things on that list for their relative importance, both professionally and personally.
It's the start of the final quarter of the calendar year. Your company is falling behind the plan you set at the beginning of the year and even though you revised the numbers at midyear, the company is still falling short.
Businesses, like people and products, go through what is called the life cycle. The four stages are birth, growth, maturity and decline.
M ost people are familiar with the term "Cottage Industry". It came from the 16th century phenomena of distributed production where workers produced and sold individual products (or portions of products) from their homes.
The decade ending on Dec. 31, 2009 was considered by many in the media as "The Lost Decade."
This week began the National Football League's season. In a few weeks patterns will emerge and the contenders and pretenders will emerge.
There are many ways that employers can go about looking for employees to fill their job openings. However, not all approaches are created equal. When looking for new employees, there are three best approaches, if you want a good return on your investment of time and money, and not all of them have a related cost. Here they are in no particular order: