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Posts by Rickie Houston:
Estate planning is the part of financial planning that allows you to protect your assets after your death. You’ll have access to a range of options to ensure your assets are legally distributed to your desired heirs, but one of the best ways to do so is through a living trust. With a living trust you’ll be able to control how your assets are managed and distributed of as soon as you create it, not after you die. This article will take a closer look at the process of forming a living trust in Alaska and whether it’s right for you. If you’d like professional assistance in your estate planning process, you may want to consider hiring a financial advisor. SmartAsset’s free financial advisor matching service pairs you with up to three local advisors within five minutes. Read more
Estate planning is a process that allows you to protect your assets in the event of your incapacitation or death. One way to do so is by forming a living trust. Living trusts are legal documents that ensure your assets are given to any beneficiaries you select. This article explores the process of forming a living trust in Montana and whether you should create one. If you’d like expert guidance with estate planning, SmartAsset’s free financial advisor matching tool pairs you with up to three local advisors suitable to your financial needs. Read more
When you sell a depreciated capital asset, you may be able to earn “realized gain” if the asset’s sale price is higher than its value after deduction expenses. You’ll then be able to recapture the difference between the two figures after you report it as income. Depreciation recapture is popular among taxpayers because it allows them to save when it comes to taxes. Instead of accounting for your asset’s entire value at the date of your purchase, you can spread out its cost over time, allowing you to earn tax deductions for its duration. But this process varies for different types of assets. Below, we explore how depreciation recapture works on your taxes. And if you want hands-on guidance when it comes to lowering your tax liability on your investments, consider enlisting the help of a trusted financial advisor in your area. Read more
While many Americans are exploring domestic retirement locations, others are also considering retiring abroad. Why? This is mainly because other countries, like Belize, often offer lower-cost living… Read more
When it comes to investing, there are generally two different approaches you can take if you’re looking to grow your wealth. You can practice either active investing or passive investing. Both styles… Read more
Both annual percentage rate (APR) and annual percentage yield (APY) describe the interest associated with either an investment or loan. Essentially, the difference boils down to this — APR is the… Read more
If you’re interested in retiring abroad, New Zealand could be a great option for you. Geographically, the country offers a wide selection of landscapes. Whether you’re into swimming, hiking or… Read more
With rising retirement costs in the U.S., many Americans are looking for alternatives to living out the post-employment life they’d always dreamed of. Retirees are turning to other countries that… Read more
It’s never too early to start investing. In fact, the earlier you begin, the bigger your potential for long-term financial growth. If you’re a college student and are wondering whether you can afford… Read more
As one of the largest multinational electronic manufacturers in the world, Foxconn (also known as Hon Hai Industry Co.) offers a variety of consumer electronics, component and computer electronic… Read more
Marijuana stocks are becoming more popular as more states legalize the medical and recreational use of the drug. In fact, you can now even invest in marijuana stocks through a normal brokerage… Read more
There are a number of ways to buy Tesla stock, but the simplest are to do it either through a brokerage account or with the help of a financial advisor. Tesla is one of the most popular and… Read more
Apple Inc. is a technology company that specializes in computer software, electronics, media devices and online services. Founded in 1976 by Steve Jobs and Steve Wozniak in Cupertino, California, the… Read more
Amazon (AMZN) is not only one of the most successful online retailers, but it’s also one of the few trillion-dollar U.S. companies that offers stocks. Founded in 1994 by Jeff Bezos, the company… Read more
Scrounging up the money for a standard 20% down payment on a home can be a challenge for some. If you fall short of this prespecified amount, you will likely encounter private mortgage insurance, or… Read more
Buying a home can be both an amazing and stressful process at the same time. But tackling the huge expense of a home in one fell swoop is often difficult for an individual or family to handle. That’s… Read more
Established in 1957, the Arkansas Public Employees Retirement System (APERS) provides pension, retirement and disability benefits for employees who meet its eligibility requirements. While APERS… Read more
The Employees Retirement System of Georgia (ERSGA) provides a range of pension plans that mostly come with lengthy eligibility requirements. While each of its systems and plans serve different… Read more
Though Michigan’s pension fund is only the 18th-largest in U.S., that doesn’t stop it from offering its employees an array of retirement plans from which to select. The state of Michigan’s Office of… Read more
Under its Minnesota State Retirement System (MSRS), Teachers Retirement Association and Public Employees Retirement Association, Minnesota offers retirement benefits through several different pension… Read more
Betterment is a robo-advisor that allows investors to create and manage their investment portfolios online. Whether you’re building wealth for retirement or other financial reasons, Betterment… Read more
Making a down payment for a new home can be expensive, even for those with decent income. If you’re eyeing a particular home but don’t know whether you can afford to make a down payment to secure a… Read more
When it comes to robo-advisors, both SigFig and Betterment offer a range of products and features to help you build your investment portfolio. The company you choose should ultimately align with your… Read more
A mortgage interest rate is the cost of borrowing money. It’s given as a percentage. A mortgage annual percentage rate (APR) is the interest rate plus other costs associated with a mortgage,… Read more
A tax consultant can help you minimize your tax liability, capitalize on tax deductions and manage your tax situation. With more expertise than standard tax preparers, tax consultants can help with… Read more
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