Mortgage, Retirement and Investing Expert
Mark Henricks has reported on personal finance, investing, retirement, entrepreneurship and other topics for more than 30 years. His freelance byline has appeared on CNBC.com and in The Wall Street Journal, The New York Times, The Washington Post, Kiplinger’s Personal Finance and other leading publications. Mark has written books including, “Not Just A Living: The Complete Guide to Creating a Business That Gives You A Life.” His favorite reporting is the kind that helps ordinary people increase their personal wealth and life satisfaction. A graduate of the University of Texas journalism program, he lives in Austin, Texas. In his spare time he enjoys reading, volunteering, performing in an acoustic music duo, whitewater kayaking, wilderness backpacking and competing in triathlons.
Posts by Mark Henricks:
A prenuptial agreement is a legal document that couples contemplating marriage use to lay out financial and other obligations that would come into play in the event of divorce or the death of one of the partners. Prenups are primarily intended to protect assets that are owned at the time of the marriage. Any property acquired after the ceremony is typically considered jointly owned marital property. The equitable distribution of joint property will be determined during the divorce proceedings. Prenups can also protect assets one of the signers may acquire in the future. However, the prenuptial agreement needs to be carefully written for that to be the case. Consider enlisting the services of a trusted financial advisor to help you create a prenup that best fits your needs. Read more
The satisfaction of receiving a year-end bonus may soon be tempered by the realization that income taxes will have to be paid on the extra money. Bonuses are treated as income and thus subject to taxation, but there are ways to manage and reduce the amount of taxes that will be owed. And as is the case with other income from an employer, the employer is required to withhold taxes from a bonus, reducing your take-home pay from the windfall. Read more
When writing a business plan, it’s important to put together a financial plan that projects future income, cash flow and changes to the balance sheet. The financial plan section often consists mostly of spreadsheets. It’s where the business owner presents a paint-by-numbers case that the business will continue to be profitable or, if it’s a startup, become profitable. The financial section is the part of a business plan that many investors turn to first, so it deserves extra attention. Read more
The 8(a) Business Development program is a Small Business Administration initiative designed to level the federal government contracting playing field for small business owners who are socially and… Read more
One of the most important decisions when starting a business is the business structure. The choice of business entity significantly affects matters like liability, taxes, control, financing and… Read more