1031 Exchange
Are you looking to trade in an investment property for another one? If you are, a 1031 exchange is a powerful strategy that allows an investor to defer paying …
Encyclopedia
529s
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans, legally known as 'qualified tuition plans,' are sponsored by states, state …
Aesthetics and Appearance
Some may view maintaining a polished physical appearance as merely a matter of personal interest, but it might surprise you to learn that physical appearance has been researched and …
Backdoor Roth
Everyone who can afford to should contribute to a Roth IRA. If you’re married, both you and your spouse should do this, as you’re each entitled to an individual …
Bankruptcy
*Note: This page is under construction. Please check back later for updated content.*
Bonds Overview
When it comes to investing, bonds are often viewed as a safe, reliable option that can be boring and less attractive than other investment options.
Budgeting Methods
Budgeting is essential for managing your finances effectively. This seems apparent, but only 24% of millennials possess even basic budgeting knowledge.
Cars
Many of our readers are in the fortunate position where you may want to buy a car for your child. If you wish to finance the purchase because you …
Charitable Trusts
We hope that we have communicated to you, our reader, that wealth is a great tool. This website focuses on increasing and retaining wealth with the goal of going …
College
Choosing the right school for your child involves balancing many things like extracurricular opportunities and the overall general school environment.
Compensation
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Corporate Bankruptcy
Corporate bankruptcy is a legal process that allows businesses to liquidate or reorganize their assets when they are unable to pay their debt.
Corporate P&C Overview
Corporate insurance mitigates risk by protecting businesses from financial losses, lawsuits, and operational risks.
ESG Investing
When you invest your money, you are not only choosing where there will be the most growth, but you are inherently supporting the company and its practices.
Estate Planning
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Financial Statements Overview
Similar to how a report card shows how a student is doing in school, a financial statement conveys an overview of the economic status of a business.
Introduction to ETFs
ETFs (exchange-traded funds) are pooled investment securities that are bought and sold, similar to an individual stock. They generally track a specific index such as the S&P 500, but …
Introspection and Personal Philosophy
Personal finance is, at its core, personal. Although there are some moves that many might consider more advisable than others, in the end, one’s decisions aren’t always “right” or …
Key Ratios
Oftentimes investors and managers need to look beyond raw data on financial statements to understand a company’s financial health.
MAGI
The IRS uses your modified adjusted gross income (MAGI) to determine whether you qualify for certain tax deductions, credits, and benefits.
Navigating the Financial Implications of Divorce
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Pay Yourself First
A simple shift in strategy can radically improve your financial future: pay yourself first.
Personal Bankruptcy
Bankruptcy is a legal process designed to help individuals who are unable to repay their debts.
Personal Tax Strategies for High Income Earners
Earning a higher income may result in paying more taxes at both the federal and state levels. If you're in a high tax bracket, you'll be relieved to know …
Secondary Residence
A second residence is a property you plan to live in for part of the year, separate from your primary residence. Let’s look at some of the more …
Tax Strategies Overview for U.S. Business Entities
The United States has a complicated tax system, with multiple layers of taxation at the federal, state, and sometimes even local levels.
Time Value of Money
A dollar today is worth more than a dollar in the future because money has the potential to grow over time.