Facing New Decisions as a Business Owner (Post-Pandemic Discussion)
Tuesday, June 15
My sister and I co-founded our company (an IRA Custodian) in 2004. As a business owner, I’ve been through my share of challenges, market changes, and uncertain times. Even so, the pandemic’s impact was and still is unlike anything I’ve seen before. Besides the traumatic challenges many faced as t...
Real Estate Cycles Explained: Seller’s vs Buyer’s Market
Friday, October 30
The real estate market, like any other market, is cyclical. At different points in the cycle, it can be more financially beneficial for buyers than sellers or visa versa. The idea is to be out before the big drop (i.e. sell when the real estate market is peaking) and in before the big jump (buyin...
Giving Your Kids (or Grandkids) an Earned Income & IRA Contributions
Monday, October 05
Did you know that you can set up a Traditional or Roth IRA in your child’s name (or even in your grandchild’s name)? You can also do the same with education savings accounts (ESAs) and health savings accounts (HSAs). Many investors utilize this strategy to build their family’s legacy, while setti...
How Do 2020 Tax Law Changes Affect Your Retirement?
Friday, September 04
It’s no secret that 2020 has been a year to reckon with so far. It has also been a big year for tax law changes. In their efforts to help businesses and taxpayers cope with economic disruptions, Congress and the IRS have passed a veritable blizzard of new rules and deadline changes, many of them ...
12 Creative Ways to Fund a Real Estate Investment
Monday, August 17
Each investor has their unique criteria when they look for a real estate investment. But in certain real estate markets, competition can be stiff. Plus, due to Covid-19, demand for single family residential real estate properties is on the rise, especially compared to commercial or industrial pro...
Making Sense of Tax-Free Retirement Accounts
Friday, July 24
Throughout my life, I’ve used every type of retirement plan out there, including traditional and Roth accounts. Traditional accounts are often contributed to with pre-tax dollars, and then you are taxed when you take the money out. For Roth or “tax-free” accounts, you contribute with post-tax dol...