Reading Time: 3 minutes The process of transferring wealth from one generation to another is a delicate and impactful decision, and there are several strategies that you can pick from to do so. Research shows that 70% of family wealth is lost by the second generation,...
Reading Time: 3 minutes Most can acknowledge that the world of finance and investments can sometimes seem very confusing. However, if we look closer, patterns, especially in areas like inflation, stocks, bonds, and global events, can come up. It’s crucial for...
Reading Time: 3 minutes As people look ahead to retirement, they often picture relaxing days, trips, and special times with family and friends. However, a financial issue is not always so obvious, and it can significantly impact how secure your retirement is....
Reading Time: 3 minutes The 2017 Tax Cuts and Jobs Act (TCJA) increased almost twice the lifetime estate and gift tax exemption. It elevated the individual exemption from $5.6 million to $11.18 million. It raised the exemption for couples from $11.18 million to $22.36...
Reading Time: 3 minutes When a person dies, their estate is responsible for paying their debts and taxes. However, the heirs of the estate may also be liable for these obligations. This is because the heirs are essentially taking on the assets and liabilities of the...
Reading Time: 3 minutes Retirement plans are crucial considerations for business owners. The SEP IRA and Solo 401(k) are two popular options to explore. It is essential to compare the advantages and disadvantages of each retirement plan. The ideal plan depends on...
