by Vital Living | Investing, Credit & Retirement, Retirement
Small businesses have been steadily increasing over the past years. It is amazing, considering the fact that many have a high chance of failure. Small businesses – those with 500 employees or less – remain an essential piston of America’s economic growth. After the...
by admin | Investing, Credit & Retirement, Retirement
When an individual dies, the executor is faced with an important decision that has the potential to impact the taxes owed by the estate and its heirs.¹ The executor will have the option of valuing the estate on the date of death, or on the six-month anniversary of...
by admin | Investing, Credit & Retirement, Retirement
Tip: Regardless of your net worth, it’s critical to understand your choices when developing an estate strategy. Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded. In 1797, Congress instituted a system of...
by admin | Investing, Credit & Retirement, Retirement
Financial Documents What does it do? Enables you to own property jointly with another person Authorizes someone to handle legal and financial decisions if you become incapacitated Holds your belongings until your death Can it authorize someone to handle your financial...
by admin | Investing, Credit & Retirement, Retirement
Tip: Average Benefit. In 2016, the average monthly Social Security benefit for a retired worker was about $1,345. Source: Social Security Administration, 2016 Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone...
by admin | Investing, Credit & Retirement, Retirement
Tip: Not Quite Anything. IRAs are free to invest in just about anything, except collectibles such as artwork, rugs, antiques, gems, stamps, and coins, for example. Traditional IRAs, which were created in 1974, are owned by roughly 31.1 million U.S. households. And...
