Personal Finance

Learn about building wealth as well as retirement and estate planning.

  • Types of Trusts: Revocable, Irrevocable, Living, and Testamentary

    Many types of trusts are used in estate planning. Common trust aspects include revocable vs. irrevocable, and, living vs. testamentary.

  • The Basics of Trusts in Estate Planning

    Business owners should be familiar with trusts, which are commonly used in estate planning. Trusts provide a great amount of flexibility and are extremely useful in planning to provide for loved ones.

  • The Business and Loved Ones Without You? Good Planning Makes Good Sense

    Planning should be done not only for tax reasons, but also for non-tax reasons. A failure to plan can make a stressful situation even worse for loved ones and family. Getting acquainted with some commonly used documents in estate tax planning can help facilitate discussions with advisers about available options.

  • Saving for the Future Is No Free Lunch

    "I'd Gladly Pay You $105,000 for that Hamburger Today." Learn about the difficulties and the realities of retirement saving for small business owners and the importance of getting started in one of the many tax-favored savings plan currently available, such as IRAs.

  • Plan Ahead to Pass Your Wealth to Your Heirs

    If you die without a will (called "dying intestate"), the appropriate state will apply its probate laws to determine how your property will be split up. Create a will and estate plan that ensure your assets to go the right people or organizations, and with the most tax advantages.

  • Form of Ownership Governs Property Rights

    The way in which you own property determines your rights in the property and your rights to dispose of that property. Learn the keys to passing property to heirs and other secrets of property ownership.

  • What to Do If You Are Drowning in Debt

    A number of solutions can help you rebuild your credit if you are unable to pay your bills. Learn the pros and cons of many debt-reduction methods, including bankruptcy.

  • Building and Keeping Good Credit

    A good credit rating is essential for your financial well-being. In order to develop one, you'll need to learn how to monitor your credit, correct discrepancies and spend wisely.

  • Be Aware of the Costs of Credit

    Credit comes with risk and rewards, just like any financial decision for your business. By understanding the costs of credit, the dangers, the methods to get the best rates and the tips for lowering your credit costs, you can use this important business and personal tool to your advantage.

  • Understanding the Types and Sources of Consumer Credit

    Consumer credit can be a small business owner's best friend. Or it can reek havoc on your personal finances. Learn how to use, and when to avoid, consumer credit options.

  • Protecting Yourself with Insurance

    The function of any type of insurance coverage is to insulate you from some or all of the economic impact of a loss. Health, disability and long-term care insurance can enable you and your business to remain financially solvent during personal and familial hardships.

  • Life Insurance Should Be Included in Your Financial Plan

    Life insurance offers important financial planning advantages if it is properly fitted to your needs and offered at a competitive price. Discover the best type and time to buy this invaluable piece of the financial planning puzzle.

  • Fund Retirement Plans Now To Enjoy Future Income

    If you own a small business, you have a wide variety of retirement plans you can use to save for the future. From traditional employer-provided pension plan, through simplified qualfied plans such as SIMPLE plans all the way through Roth IRAs, explore the options that will help you meet your retirement-funding needs.

  • Social Security Plays Role in Retirement Planning

    While the talk of Social Security's future and solvency is always up for debate, you'll want to familiarize yourself with the program, your retirement benefits and how it will affect your golden years.

  • Building an Investment Fund Helps Ensure Long-term Wealth

    In order to reach your financial goals, you'll want to diversify your investment beyond your investment in your business. Learn how to implement a sound investment strategy that considers the amount of risk you're willing to take.

  • Compensate Yourself Adequately to Build Wealth

    Many business owners fail to compensate themselves for their hard work. Learn what constitutes compensation and which tax-advantaged strategies make sense for your scenario.

  • Build Wealth By Setting Goals and Implementing a Plan

    Few things come to fruition without careful planning and the tenacity to stick to that plan. Learn the ins and outs of goal-setting and -implementing to build your wealth.

  • Building Your Personal Wealth

    Take charge of your finances by developing and implementing a personal budget that tracks both income and expenses on a regular basis.

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