KEY POINTS Operating a small business offers numerous tax-saving opportunities. Small business owners have the advantage of deducting a wider range of expenses than salaried employees. Those who are self-employed can often allocate and deduct costs used for both personal and business purposes. Operating a small business often means juggling various responsibilities, with tax optimization …

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412(e)(3) plans are fully insured retirement plans. This type of plan is not dependent on market performance, it is based on the guarantees of whole life insurance and annuities. Not only does this take the guesswork and market dangers out of retirement planning, it can also save you a lot on taxes today. But 412(e)(3) …

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OUTLINE: Understanding 412(e)(3) Plans Tax Advantages of 412(e)(3) Plans Enhanced Retirement Benefits Customization and Flexibility Estate Planning Benefits Conclusion In the realm of retirement planning, 412(e)(3) plans have become an attractive option for individuals and businesses seeking tax-efficient strategies. These plans, named after the section of the Internal Revenue Code that governs them, offer a …

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OUTLINE: Why Start with Saving? Saving vs Investing Strategies Finding the Right Balance Investing for Beginners Investments for Beginners Investing for Retirement Conclusion Many articles about investing for beginners will start by encouraging you to identify risk tolerance and then invest small amounts in High-Yield Savings, CDs, a 401(k), Mutual Funds, ETFs, and/or Individual Stocks. …

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Permanent life insurance is a type of life insurance policy that provides coverage for the insured’s entire life, as long as required premiums are paid. Permanent life insurance provides a death benefit that is guaranteed to be paid out to the beneficiary(ies) named in the policy upon the death of the insured.  Unlike term insurance, …

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Why do you go to work? Why do you help other people? Why do you save money for the future? Do you work only to finance a lifestyle, or establish a comfortable retirement?  Do you help people only because you are “giving back”? What is the force which drives you? What is your why? New …

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Many people aren’t aware they can get a higher social security payment in retirement. Depending how you file, you may be able to increase your social security benefits by 8% a year (up to 32%/year overall) when you delay taking benefits beyond full retirement age. But as they say, the devil is in the details. …

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Making a smart and thoughtful decision in choosing your life insurance can help you and your family big time as you continue through life. But when you’re shopping for life insurance, you may be uncertain of where to start and what features to seek. Consider this guide, a quick overview of how to buy life …

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Life insurance is an important part of planning for your future, growing, and protecting your wealth. Despite its significance, many people question if it’s really worth it. Although life insurance may seem like an unnecessary expense, having the proper coverage in the case of disaster is widely considered best practice. To help you make a …

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It’s been said that positive advice (recommendations), as opposed to negative advice (things to avoid or NOT do), is the realm of the charlatan. In our opinion, this saying holds true when it comes to the question of how or where to invest 5k. Experts and novices alike can write beautiful articles on where people …

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