6 Tax Moves To Make Before December 31st

New Year’s Eve is almost here, but don’t let that stop you from making some important money moves now, before Dec. 31, so you can reap the benefits to your personal finance in 2011 Check your paycheck Did you get a raise, a promotion, or tie the knot? If you were lucky enough to increase your income as a result of these or other benefits, you may need to adjust your withholding for December... Continue reading

Financial Planning 101: Essential Tips for Beginners

Financial planning is unique to each person because everyone has different priorities in life. While some may gain enjoyment for seeing how much wealth they can attain, many people aren't focused on making the list of wealthiest individuals: after all, the person who dies with the most toys is still dead. Continue reading

Budgeting Tips for Generation Y

Photo credit: Dominic's Pics Too many twenty-somethings are beginning their adult lives unprepared to make sensible financial decisions. But that doesn't have to be your story. Although you've got a built-in disadvantage if you weren't taught the basics of personal finance or how to budget in school, that doesn't mean you can't learn how to do it. So here's an approach to managing a home budget... Continue reading

Understanding the Investment Risk Pyramid

Draw a pyramid on a scrap of paper, then look at the image. You'll see that your pyramid is large at its base, smaller in the middle and very small at the summit. This model, which has been around for thousands of years, can also be used when it comes to assessing your investments. When you use the investment risk pyramid strategy to decide how to invest money, you're building a portfolio that... Continue reading
Estate Planning Tips for People Under 40

Estate Planning Tips for People Under 40

But I'm too young to worry about a will or life insurance!" Every attorney who works in estate planning has heard these words more than once from clients still in the first half of their lives. But the future is unpredictable and younger couples — especially those who are starting families — have the same need to set up a basic estate plan as older people. Here's what you need to think about to... Continue reading

Money Market Accounts vs. CDs

If you have a few thousand dollars that need a safe home, either a certificate of deposit (CD) or a money market account (MMA) could work well for you. Which one to choose depends on your financial goals and requirements, as well as your investment time frame. Certificates of Deposit A CD is a term investment in a bank account. You agree to leave the money in the account for a certain term for a... Continue reading
Investment Loans for Rental Property

Investment Property Loans: Know Before You Owe

All loans are not created equal. Expect to pay more for investment loans for rental property than you would for a home. Qualifying for a loan to buy rental property is generally a more difficult proposition. Adapt the investor's hang-onto-your-hat-and-enjoy-the-ride philosophy that helps make your first investment in commercial real estate fun. But you can also profit from these solid tips on how... Continue reading

Investing 101: What Is Asset Allocation?

Date: August 4, 2016 Asset allocation sounds like a highbrow finance term, but it's a pretty simple concept in reality. Most people want to earn the highest possible return when they invest their hard-earned money, while taking the least amount of risk. Asset allocation tries to achieve this balance by using statistical models of historical risk and return. The "correct" formula can vary from... Continue reading

Investment Ideas for Busy People

One of the most convenient byproducts of the growth of the Internet is easy access to financial information. Data that used to be only in the hands of stockbrokers can now be downloaded from the comfort of your own home with just a click of the mouse. But when it comes to investments, facts and figures are only part of the story. Successfully mastering a portfolio of investments can take an... Continue reading

Pros and Cons of Using Robo-Advisors

  If you're looking to get an edge in your investment portfolio without paying expensive fees, you may want to consider robo-advisors, the latest innovation in online investing. Before you decide, compare the pros and cons — while robo-advisors certainly have their advantages, they may not be right for everyone. Let's take a closer look to see if they are the right choice for you.   How Do Robo-... Continue reading