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Insurance
What is Term Life Insurance?
Once you have determined that you need life insurance, and calculated how much coverage you require, you will have to choose between several types of life insurance [...]
What is Permanent Life Insurance?
Once you have determined that you need life insurance, and calculated how much coverage you require, you will have to choose between several types of life insurance. [...]
The Basics of Homeowners Insurance
Your home and the things in it generally represent the largest asset your family will ever have. For this reason it is very important to have your [...]
Health Insurance – How It Works
Without health insurance, a single illness can cause serious, and often irrevocable, financial hardship. Insurance of any kind is intended to transfer financial risk to an insurance [...]
Do You Really Need Private Mortgage Insurance?
If you purchased your home paying less than 20% down, chances are you had to purchase “mortgage insurance” in order to qualify for your loan. A mortgage [...]
Determining Your Life Insurance Coverage Needs
Like auto insurance coverage, it is sometimes difficult to see the true value of life insurance coverage until you actually need it. In the meantime, the only [...]
Auto Insurance – How It Works
Anyone who has ever owned a car knows that automobile insurance is expensive. A survey conducted by the National Association of Insurance Commissioners found that the average [...]
Estate Planning
Use of Living Trusts
A revocable living trust provides financial protection in the event you are no longer able to manage your financial affairs yourself. You can be trustee while you [...]
Gift Giving Strategies
The federal government imposes a substantial tax on gifts of money or property above certain levels. Without such a tax someone with a sizable estate could give [...]
Charitable Remainder Trusts
A Charitable Remainder Trust normally is used as a strategy for converting highly appreciated assets into income producing assets, without income tax liability. The Charitable Remainder Trust [...]
A Will That Meets Your Needs
A will is a legal document that transfers what you own to your beneficiaries upon your death. It also names an executor to carry out the terms [...]
A Living Will
You may recall that during the final weeks of his life, former President Richard Nixon refused "heroic measures" and received only palliative (comfort-easing) care at his home. [...]
Business
Loss of a Key Employee
Business owners accept without question the wisdom of insuring the firm against the loss of its property values. We take care to insure the physical assets against [...]
Implementing a Cafeteria Plan
Internal Revenue Code 125 allows an employer to implement an employee benefit plan which allows employees to se1ect the benefit programs they prefer. The plan offers two [...]
Choosing a Business Continuation Plan
The death of a major shareholder in a closely-held corporation can seriously interrupt continuity and profitability of the business. Surviving shareholders must struggle with how to continue [...]
Finances
Your Personal Financial Statements
Personal financial statements are the roadmap that guides us from where we are today, to where we want to be tomorrow. They also provide fixed points of [...]
Year End Financial Planning
The best financial decisions are made with the benefit of time, thoughtful consideration and trusted professional advice. As tax time once again approaches, there are many things [...]
The Time Value of Money
One well-known fact of economic life is that a dollar received today is worth more than a dollar received a year from now. Time and Money The [...]
Selling Your Home
Once you have decided to try to sell your home, the next big decision you will face is whether you want to sell it yourself of go [...]
Life Cycle Planning
Financial planning means something different to everyone. For some, it's about getting by on their paycheck, for others it's about watching the stock market each day. Unfortunately, [...]
An Introduction to Budgeting
Budgeting is the systematic allocation of one's limited resources (income) to a potentially unlimited number of needs and wants (expenses.) Budgeting your income, though oftentimes tedious and [...]
Tax
Taxation on the Sale of a Home
For most of us, our home represents our largest asset. Over time, the management of this asset can make a big difference in our overall financial outlook. [...]
Tax Aspects of Working at Home
How much of their home office expenses can be deducted is one of the most misjudged tax questions faced by home workers. The reality of home office [...]
Taking the Mystery Out of Capital Gains
Under the recently enacted Jobs and Growth Tax Relief Reconciliation Act of 2003, generating long term capital gains or acquiring dividend income could be two of your [...]
Gift Tax Fundamentals
The federal government imposes a substantial tax on gifts of money or property above certain levels. Without such a tax someone with a sizable estate could give [...]
Determine your life insurance coverage needs by following this link:
