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Mark Henricks

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:

by Mark Henricks Dec 21, 2020

Buying commercial real estate can diversify an investment portfolio and provide potentially greater returns than residential properties. Commercial buildings, including office, retail, warehouse and industrial factories, commonly carry higher prices and require more ongoing costs to manage than residential properties. However, commercial landlords are usually dealing with businesses, which avoids most of the late-night and weekend annoyances of dealing with residential tenants.  To buy commercial real estate, investors should follow these steps. Read more

by Mark Henricks Dec 17, 2020

Fiduciary deeds are just one of several types of deeds used in property transfers. This type is used to transfer property such as real estate when the owner can’t sign a deed for legal or other reasons. Fiduciary deeds are commonly employed when settling estates and the original owner of the property is deceased. Anytime a fiduciary deed is used, it is being granted by a fiduciary, such as an executor, who has the authority to sign in place of the owner. Learn what using this type of document can accomplish and its limitations. Read more

by Mark Henricks Dec 17, 2020

A 401(k) retirement plan fiduciary is a person who has the responsibility of managing the plan to the best interests of its participants. Federal law recognizes three types of 401(k) fiduciaries, 3(16), 3(21) and 3(38) fiduciaries. The names refer to the sections of the law describing their functions, with 3(16) fiduciaries overseeing administration of the plan, 3(21) fiduciaries making investment recommendations and 3(38) fiduciaries actually managing investments. Learn what each of these fiduciaries does. Read more

by Mark Henricks Jan 05, 2021

Financial professionals who recommend clients buy a security or financial product are held to ethical standards that can be enforced by law. One such standard is known as the suitability rule, which… Read more

by Mark Henricks Mar 22, 2022

Finding the best investment advisor for your needs will depend on many factors. Two key terms that retail investors are likely to run across when looking for an investment expert are “fiduciary” and … Read more

by Mark Henricks Dec 03, 2020

The self-employment (SE) tax is the equivalent of the tax regular employees and their employers pay. It’s the way self-employed people, freelancers and independent contractors contribute to the… Read more

by Mark Henricks Nov 20, 2020

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… Read more

by Mark Henricks Apr 01, 2022

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… Read more

by Mark Henricks Nov 18, 2020

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… Read more

by Mark Henricks Nov 18, 2020

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

by Mark Henricks Nov 18, 2020

Access to credit lets small business owners acquire inventory and equipment, hire new employees, weather seasonal fluctuations and expand. Establishing and building business credit is an important… Read more

by Mark Henricks Nov 11, 2020

Controlling costs is a central task for all businesses, and the job starts with tracking and reporting expenses. A plethora of well-designed expense report apps can help with this essential task. The… Read more

by Mark Henricks Nov 11, 2020

Financial planning and analysis (FP&A) is the process businesses use to prepare budgets, generate forecasts, analyze profitability and otherwise inform senior management decisions of how to implement… Read more

by Mark Henricks Nov 04, 2020

Financing the purchase of essential equipment lets businesses preserve cash for working capital, hiring staff, expanding marketing efforts or other purposes. Equipment financing can be done with term… Read more

by Mark Henricks Nov 04, 2020

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

by Mark Henricks Nov 04, 2020

Women-owned businesses have more difficulty getting loans than companies that are majority-owned by men. Female-led firms applying for loans are more likely to get turned down and less likely to get… Read more

by Mark Henricks Jul 08, 2021

It takes money to make money and virtually any small business will require some startup capital to get up and running. While the personal savings of the founders is likely the most common source of… Read more

by Mark Henricks Apr 25, 2022

While a company’s sales, also known as revenue, often get a great deal of attention from the public, business owners, managers, investors and lenders pay particularly close attention to another key… Read more

by Mark Henricks Oct 30, 2020

The number of times a business sells and replaces its stock over a given time period is its inventory turnover ratio. The inventory turnover ratio, also sometimes called stock turns or inventory… Read more

by Mark Henricks Oct 30, 2020

Current liabilities are short-term business debts that are due to be paid before the end of the current fiscal year. These upcoming charges are reported on a company’s balance sheet. Current… Read more

by Mark Henricks Oct 30, 2020

Private label products are purchased by a retailer from a manufacturer and sold under the retailer’s own brand. Private label brands, also known as store brands, compete with national name brand… Read more

by Mark Henricks Oct 01, 2022

The term “entrepreneur” is essentially synonymous with being a business owner. However, a serial entrepreneur takes things to the next level, as they often start many businesses in a row, regardless… Read more

by Mark Henricks Oct 29, 2020

If you need working capital for your small business over a period of three years or less, a short-term business loan could be right for you. Short-term loans help businesses acquire needed equipment,… Read more

by Mark Henricks Oct 27, 2020

Prenuptial and postnuptial agreements are both legal documents that address what will happen to marital assets if a married couple divorces or one of them dies. Both agreements describe similar… Read more

by Mark Henricks Oct 14, 2020

Real estate investors often consider the after-repair value, or ARV, of a piece of real estate when deciding whether a deal is worth pursuing. The ARV is an estimate of what the property will be… Read more