They say the Tax Cuts and Jobs Act is the biggest overhaul of the US tax system in 30 years. The impact will spread far and wide, starting with a significant cut in the corporate rate from 35% to 21% and lower levies on repatriating overseas profits. Yet, like the rest of us, you're probably wondering, "So, what does that have to do with me?" Even with the biggest impact aimed at businesses, there are still several changes to the personal income tax laws, and we highlight them here just for you!
Although parents will never ask for help, at some point they might need it or you'll want to step in to assist them. Helping parents become financially stable can be hard without the right information and knowledge about their current financial situation. Further, getting access to different accounts and making important decision on their behalf will not happen unless you are given the required legal authority to do so.
There are many options when it comes to managing your assets for retirement, but which ones really give you the best security throughout life while you're still growing and saving? Here are just a few of the benefits with for transferring your 401(k) assets into an IRA. Let the real saving and growth begin!
People start their own businesses for many reasons, but most of all because they're ready to be in control of their own lives and work. Yet, the reality is business ownership isn't quite as rosy when first starting out. And without the proper boundaries in place, you can easily find your stress levels going through the roof. Keep things simple and discover how to fix some of the top stressors we're seeing with new business owners.
Many early adopters have made fortunes off their initial investment in digital currency, and now you're wondering if there's any opportunity for you to do the same as well. We continue our series by pointing out the scams we're starting to see as the world increasingly continues to make a mad rush to invest. Don't get caught with your shirt missing. It's ok to invest, but do so with an awareness of your vulnerabilities and form at least a basic education of the technology.
We're getting close to the end of the year, and a major reform to the tax code (the largest we've seen since the 80's) is just on the horizon. While nothing has been finalized yet, there are some similarities in both the House and Senate versions of the reform bill that we can see and begin planning now! The big changes we see to your personal taxes involve mortgages, children, estate exemptions, and the standard deduction itself.
You've been hearing about it more and more over the years, and now you're starting to realize that cryptocurrencies are here to stay. To some, it's the Dotcom bubble all over again. Many early adopters have already made fortunes off their initial investment, and now you're wondering if there's any opportunity for you to do the same as well. Before diving in, take a step back and become aware of the risks as well as the scams that could potentially leave you without your shirt!
A second home can be an investment or act as a regular escape destination for you and the family. However you choose to use it, there are multiple savings opportunities you can take advantage of after buying a second home. Here's some info to get you started.
Most people end up making the wrong decisions when they run into a surplus of cash, regardless of whether they expected it or not. It's generally because they don't know what to do in the first place, and as a result, they make their investment, spending, and gifting choices on their own with no guidance at all. That ends today!