Tax Planning After the Death of a Spouse

  When a spouse dies, the surviving spouse offer goes through a period of emotional upheaval. Nevertheless, Taxes Remain. Missteps can be costly and ultimately lead to additional stress. Knowledgeable advisors can provide assistance to the new widows and widowers, easing the transition to life without the deceased spouse.   Some of The Important issues to be considered are the following: 1- income tax returns 2- estate taxes 3- portability of...

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Online Advice

Are you looking for advice online ?   Check your sources very carefully. You may see sponsored ads offering free webinars on most any topic that you may have an interest in. If you take one of the free webinars, it will likely lead you to a sales pitch for a costly service offered by the so called expert entrepreneur, coach, or consultant. There are legit experts out there. The problem, for you is that anyone can set up an online advice...

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Investing Vs Saving

Sometimes even BANK ON YOURSELF clients call their life Insurance policy an “Investment.” They know it’s not REALLY an INVESTMENT, but it’s an easy mistake to make. Because of its guarantees and predictability, it’s so much more than any investment could possibly be, which is why, when mentioning BANK ON YOURSELF to your friends or family, it’s wise to call it a “SAVING STRATEGY “ or a safe wealth-building method. You’ll be better able to...

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Investing Vs Saving

  When you put your money into a 401(k) or IRA for your retirement, are you saving or investing?   Is there a difference between saving money and investing money? You can bet your bottom dollar there is!   Are you investing when you should be saving ? Would you like to know the differences between saving and investing?   Think of the money that you are saving for something in your future that will require money. How big a...

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Paper Wealth Vs Real Wealth

Do you get excited when you look at your Balance Sheet (these are your assets minus your liabilities and your Net Worth)? Do you get excited about the current value of Home and realize how much it has increased? Do you feel a knot in your stomach when you see a loss ? Do you understand the difference between PAPER wealth and REAL wealth ? You can’t eat a number of paper !!! Paper wealth is iffy wealth. This is what something would be worth if...

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What’s In Your Financial Pyramid?

What’s in YOUR financial pyramid? Is YOUR financial pyramid upside – UP or upside -DOWN? If you have less SAFE MONEY than you have MONEY AT RISK, your pyramid is upside- DOWN.   Have you built a solid financial foundation to help you weather whatever life throws at you? Are you taking an enormous gamble putting your money at risk in STOCKS, REAL ESTATE , and other volatile investments? Is your financial pyramid designed to expect the...

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