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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 Sep 21, 2021

While ordinarily inheriting a home is a financial windfall, for someone receiving Supplemental Security Income (SSI) payments it can present a problem and potentially a serious financial negative. This is due to the fact that there is a cap on the financial resources SSI recipients can have. Inheriting a home can easily put an SSI recipient over that limit. That may mean an end to getting payments from SSI. However, there are ways around this that can allow an SSI recipient to inherit a home and still qualify for benefits. Keep in mind that a financial advisor can help you sort through your options as you decide how to handle a residential inheritance. Read more

by Mark Henricks Dec 30, 2020

When a marriage ends in divorce in Florida, assets are likely to be divided approximately 50-50 according to the prevailing practice of equitable distribution. Florida couples wanting a more active role in deciding how marital property will be divided in the event of divorce can use a prenuptial agreement to give their wishes force. Prenuptial agreements can also describe how matters will go in the event of separation or the death of one of the partners and can cover alimony as well as the division of debts and other matters. Consider enlisting the services of a trusted financial advisor to help you create a prenup that best fits your needs. Read more

by Mark Henricks Dec 30, 2020

Texas is a community property state, which means that all assets and property either partner in a marriage acquires during the marriage is jointly owned by both spouses. Anything a partner brings to the marriage is generally considered separate property as long as the assets are not commingled. A prenuptial agreement – called a premarital agreement in Texas law – is a legal document used to manage these potential issues by keeping as separate property what would otherwise be jointly owned or, in some cases, vice versa. Read more

by Mark Henricks Sep 14, 2022

If you receive an inheritance while you are getting federal Supplemental Security Income (SSI) benefits, it could make you ineligible to receive any more benefits. Federal law requires you to report… Read more

by Mark Henricks Apr 08, 2022

Assets inherited by one partner in a marriage can be considered separate and owned only by that partner. However, inheritances can be ruled as marital property jointly owned by both partners and,… Read more

by Mark Henricks Sep 01, 2022

Inheriting valuable property such as a home, securities, bank accounts and retirement accounts from a deceased relative can be a major financial windfall. But converting inherited property such as a… Read more

by Mark Henricks Mar 18, 2022

Inheriting a residential property like a house marks the end of a life and the beginning of deciding what to do with the property and implementing that plan. The considerations in handling a house… Read more

by Mark Henricks Nov 18, 2022

Buying commercial real estate can diversify an investment portfolio and provide potentially greater returns than residential properties. Commercial buildings, including office, retail, warehouse and… Read more

by Mark Henricks Oct 21, 2022

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… 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… 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 Oct 12, 2022

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