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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 Feb 26, 2021

When conventional married couples go through divorce or the death of one of the spouses, it can be complicated to sort out the financial and tax issues. Same-sex couples who are not married do not enjoy many of the protections given to married couples, so dealing with financial and tax issues is even more uncertain. A person equipped with a designation as an Accredited Domestic Partnership Advisor (ADPA) has specialized training to help unmarried LGBTQ partners ensure that the interests of both partners are protected in the event the partnership ends in death or divorce. One of the best ways to preempt problems related to a partnership ending is also to consult a financial advisor. Read more

by Mark Henricks Feb 05, 2021

Making the transition from working life to retirement presents a number of challenges ranging from how you’ll pay your living expenses to how you’ll occupy your time. The Certified Professional Retirement Coach is a professional designation that indicates a retirement advisor has been trained to identify and help clients figure out ways to overcome these challenges.  The CPRC designation is overseen by The Retirement Project, an organization created by financial planner and writer Robert Laura. In addition to the CPRC certificate, The Retirement Project offers workshops, guides and other resources that help people plan financial and other issues as they relate to retirement.    Read more

by Mark Henricks Feb 05, 2021

Estate planners help people figure out how to pass assets to their heirs without losing too much to taxes, while also planning charitable bequests and addressing other matters relating to estates. It’s a complex task, involving a labyrinth of Internal Revenue Service regulations, court rulings and federal and state laws. Financial professionals who work with estates are often accountants, attorneys and financial planners, and many add specialized credentials as estate planners. One of these is the Certified Specialist in Estate Planning (CSEP) designation.   Read more

by Mark Henricks Jan 13, 2021

Salespeople and marketers working in the financial services profession, as well as college students, can earn the Accredited Retirement Plan Consultant (ARPC) certificate to show they have… Read more

by Mark Henricks Jan 13, 2021

When families are wrestling with the challenge of paying the costs of higher education, a certified college financial consultant (CCFC) can help. CCFCs have gotten specialized training in education… Read more

by Mark Henricks Jan 13, 2021

New insurance agents can get a grounding in the basic skills, such as underwriting, needed to succeed in the field by becoming a Life Underwriter Training Council Fellow (LUTCF). After completing the… Read more

by Mark Henricks Jan 13, 2021

Insurance agents who want to be more successful can acquire the knowledge they need while earning the Certified Professional Insurance Agent (CPIA) designation. This professional certificate program… Read more

by Mark Henricks Jan 13, 2021

When owners of privately held companies are considering how to transition out of their businesses due to planned retirement, health concerns or other reasons, they often get expert help with the… Read more

by Mark Henricks Dec 30, 2020

It’s not uncommon for people to receive sizable inheritances, but it’s less common for them to make the most financially advantageous decisions about what to do with their newly acquired assets. If… Read more

by Mark Henricks Dec 30, 2020

If you inherit an individual retirement account (IRA) from a spouse, you can treat it like your own IRA or roll it over into a traditional IRA you already have. If you are the beneficiary of an IRA… Read more

by Mark Henricks Dec 30, 2020

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.… 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… 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… Read more

by Mark Henricks Dec 21, 2020

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 Dec 21, 2020

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 Dec 21, 2020

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 Dec 21, 2020

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 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… 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… 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 Dec 09, 2020

Finding the best investment advisor depends on understanding a few terms of art. Two particularly key terms retail investors are likely to run across when looking for an expert to help with… 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 Mar 25, 2021

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