Most of us have insured our houses, possessions, cars, and lives. However, have you insured something that might be even more important: your ability to earn an income consistently? This may be the most important asset you have. Consider the following: if you currently earn $50,000 a year and you’re 35 years old, from now… Continue reading Do You Need Disability Insurance?
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Should I Get A Payday Loan or Use a Credit Card Cash Advance?
A bill is due tomorrow, your bank account is low, and you need cash fast. What can you do? Many turn to the payday loan option. This option has several pros and cons. Payday Loans The Pros of a payday loan: o You can get cash in less than an hour. o You can make… Continue reading Should I Get A Payday Loan or Use a Credit Card Cash Advance?
Tax Advantaged Medical Plan Basics
Do you have medical expenses that you incur every single year? Do you always use up your entire medical insurance deductible on co-pays? If so, a couple of medical saving plans available would allow you to use tax-free money to pay for your medical expenses. That is an automatic 28%+ savings! Every time you pay… Continue reading Tax Advantaged Medical Plan Basics
1031 Exchange FAQ’s
After years of conducting tens of thousands of successful 1031 exchanges, we found that there are several frequently asked questions related to this type of transaction… Equity and Gain Is my tax based on my equity or my taxable gain? Tax is calculated upon the taxable gain. Gain and equity are two separate and distinct… Continue reading 1031 Exchange FAQ’s
8 Tips To Using Credit Cards The Right Way
Credit cards can be a great financial tool when used correctly. They can also create a lot of havoc when misused. Credit cards make it easy, but potentially expensive, to buy nearly anything. They’re also a great way to improve your credit, as long as the balances stay low. Learn how to use them wisely… Continue reading 8 Tips To Using Credit Cards The Right Way
10 Tips For Always Being On Time
While everyone is occasionally late, some of us couldn’t be on time if our lives depended on it. You can’t be consistently on time if it’s not a priority. It would be best if you first decided to be punctual before you can change. Being on time reduces stress, builds trust, and shows respect for others. You’ll… Continue reading 10 Tips For Always Being On Time
Should I Take Standard Mileage Deduction Or Actual Expenses for My Vehicle?
Folks who use their vehicles for business or have vehicles dedicated to the business can deduct the mileage for business travel. A standard mileage deduction can be claimed on your tax return, as well as an actual expense option. Which is better? Read on to decide for yourself. If you use a car, truck, van,… Continue reading Should I Take Standard Mileage Deduction Or Actual Expenses for My Vehicle?
1031 Exchange Capital Gains Tax Deferral
With the booming property prices of recent years, more and more people are facing large tax bill when they come to selling their investment properties. However, did you realize there is a perfectly legal way of deferring payment of such taxes by utilizing the advantageous 1031 tax code that the IRS introduced in the early… Continue reading 1031 Exchange Capital Gains Tax Deferral
10 Key Disability Insurance Policy Features to Understand
What will happen to your family if you’re in an accident or injury? Disability insurance provides an income, so financial issues aren’t a burden. Choosing the right type of insurance is essential for protecting your earnings. Social Security payments are limited, so disability income insurance is essential. Consider these options when choosing a plan that’s… Continue reading 10 Key Disability Insurance Policy Features to Understand
6 Tips To Cut Credit Card Debt
Are you challenged with excessive credit card debt? Don’t despair! While credit card debt can feel challenging, it can be overcome with work and planning. You can take action today and achieve mastery over your finances! Try these easy ways to reduce and eliminate your credit card debt: Always pay more than the minimum. You… Continue reading 6 Tips To Cut Credit Card Debt