There are many reasons why it is important to obtain an appraisal for each item of value among your possessions. Appraisals provide you the necessary documented proof of ownership and value, in the event that the information is needed for tax and/or insurance purposes. You may not be able to put a price on your antique clock, but an independent appraiser can.
The deductions individual business owners can take advantage of and the value of these tax breaks will vary considerably depending on the nature of their business activities, their income levels, and other factors that they may be able to adjust to maximize their tax benefits.
Handling the death of a loved one is never easy. However, an updated inventory of vital financial information can help you make this process easier for those you leave behind.
Have you every wondered how estate planning might fit into your overall, future plans? Even if you are just starting to build your estate and do not need complex estate planning, here’s a quick look at some steps you should consider taking immediately in order to protect your family and to reduce potential expenses in the event of your death.
You might be tempted to pull out of the market after a big loss or start buying in when the market has a huge run-up. Keeping you disciplined is quite often the major benefit of having a financial advisor, who can help you maintain the proper longterm perspective of your investment allocation and not let emotions rule the actions.
If you are a number of years away from retirement, or if you are approaching it fairly soon, you may choose to consider purchasing the amount of insurance necessary to cover a retirement contingency.
If you have a blueprint in place that addresses with these five concerns -- a plan that's amendable as times change so you stay on the right track -- you have the greater potential to enjoy retirement.
When we put together a comprehensive retirement plan for our clients, the starting place is always with your retirement wish list. A good adviser will want to learn all about you: what you want to accomplish in retirement, what kind of lifestyle you hope to have and what you worry about most.
If you are shopping for a financial advisor, you need a good checklist of questions to ask. What you are looking for is someone who handles clients like you, who can relate to you and who is financially astute.
A financial planner is supposed to help you keep your financial planning on track, but that is not always the case. Knowing how to properly vet a planner will save you time, money and stress.
