- Gold ETFs vs. Physical Gold: Pros and Cons of Each
Investing in gold has long been considered a reliable hedge against inflation and economic uncertainty. Modern investors interested in using gold as a hedge can choose between purchasing physical gold or investing in gold ETFs (Exchange-Traded Funds). Both options offer exposure to this precious metal, but each comes with distinct advantages and disadvantages that can… read more…
- 5 Popular Investment Types and Strategies for Young Adults
Choosing the best investments for young adults can feel overwhelming for those just starting their financial journey. Yet, the earlier you begin, the more time your money has to grow. Today’s investment landscape offers everything from traditional options like stocks and bonds to newer alternatives such as cryptocurrency. Whether you’re saving for retirement, planning to… read more…
- 5 Roth IRA Investments for Young Adults to Consider
For young adults looking to build wealth over time, a Roth IRA is a smart choice. It offers a powerful vehicle with unique tax advantages that can help them throughout their lives. Unlike traditional retirement accounts, Roth IRAs allow your investments to grow tax-free. Qualified withdrawals in retirement also come with no tax obligations. This… read more…
- Can You Retire at Age 53?
Dreaming of an early exit from the workforce? Many Americans wonder if they can retire at age 53, which is well before the traditional retirement age of 65 or even the earliest Social Security eligibility at 62. While retiring in your early fifties is certainly possible, it requires careful planning and consideration of several key… read more…
- Tangible Assets: Definition, Classifications and Examples
Tangible assets are physical items with concrete worth that can be touched, seen and quantified on a balance sheet. Unlike their intangible counterparts, such as patents or goodwill, tangible assets have material substance and typically play key roles in a company’s day-to-day operations. From the buildings that house businesses to the equipment that powers production,… read more…
- Types of Long-Term Care Insurance: Traditional vs. Hybrid
Long-term care insurance helps cover costs associated with extended medical care that aren’t typically covered by health insurance, Medicare or Medicaid. As healthcare costs continue to rise, these policies have become increasingly important components of comprehensive retirement planning. Each type has distinct advantages and potential drawbacks depending on your financial situation, health status and long-term… read more…
- What Are Investment Account Options for Your Kids?
As parents, we have several investment account options to help our kids build wealth. These investment accounts for kids provide financial benefits and powerful teaching tools about saving, investing and financial responsibility. The choices can seem overwhelming, from custodial accounts that transfer to your child at adulthood to education-specific savings plans like 529s. Each option… read more…
- Ask an Advisor: Should My Wife Convert her $350k-$400k to a Roth IRA? She’s 65 But Isn’t Retiring Anytime Soon
My wife is currently working and has a traditional IRA with approximately $350,000 to $400,000. She is almost 65 but not looking to retire anytime soon. Should she roll over her IRA and take a tax hit and open a Roth IRA? I’m not sure if this is a smart move at this time in… read more…
- How Much Do You Need to Retire by 2060?
The year 2060 is a long time off, but now is not too early to start planning for retirement when it rolls around. With evolving economic landscapes, fluctuating inflation rates and changing life expectancy, determining the right amount to save can seem daunting. However, understanding the fundamentals of retirement planning can help demystify this process.… read more…
- How Much Do You Need to Retire by 2070?
Changes to the economic landscape, falling life expectancy and even potential changes to Social Security benefits all mean future retirees face challenges unlike those of past retirees. Even looking as far as 2070, however, some timeless retirement planning recommendations still hold. It remains essential to consider factors such as inflation, healthcare costs and lifestyle expectations… read more…
- What Is the Tax Amortization Benefit and How Does It Work?
Understanding the intricacies of financial strategies can be daunting. One concept that often piques the interest of savvy investors and business owners is the tax amortization benefit. At its core, the tax amortization benefit allows businesses to gradually deduct the cost of intangible assets, such as patents, trademarks, or goodwill, over a specified period. This… read more…
- How Much Do You Need to Retire in Your 50s?
Retiring in your 50s requires careful financial planning and, first and foremost, a clear understanding of how much you need to retire comfortably. The amount necessary to retire in your 50s can vary significantly based on lifestyle choices, healthcare needs and the cost of living in your desired location. It’s also crucial to consider factors… read more…
- Cash-on-Cash Return in Real Estate: Definition and Calculation
Investing in real estate can be a lucrative venture, but understanding the metrics that gauge profitability is crucial for success. One such metric is the cash-on-cash return, a tool for real estate investors to evaluate the performance of their investments. It provides insight into the annual return an investor can expect on their cash investment.… read more…
- RIA vs. Financial Advisor: Which Should You Choose?
Registered investment advisors (RIAs) and other financial advisors offer services like investment advice, wealth management and retirement planning. However, there are important differences in how they are regulated, how they earn their fees and the specific services that they can offer. Whether you’re beginning to invest, preparing for retirement or managing a complex portfolio, knowing… read more…
- How to Find a Financial Advisor for Retirees
Retirement is a major life change and it often raises questions about managing money during this stage. Some people feel comfortable handling their finances on their own, but others may find value in working with a financial advisor. The right advisor can help you create a plan to and support your financial needs and make… read more…
- Form 1045: How to Apply for a Quick Tax Refund
Form 1045 is a tax form that can allow taxpayers in certain situations to apply for a quicker refund of taxes paid in prior years. The form, officially known as the Application for Tentative Refund, can be used by filers who have unused general business credits, net Section 1256 contract losses or carryback of a… read more…
- Form 144: What Is It, Who Files It and Who Gets It?
Form 144 is a document filed with the SEC to notify the agency of an insider’s intention to sell restricted or control securities of a public company. These are securities acquired through unregistered, private sales from the issuing company or an affiliate. It’s necessary to submit Form 144 before the sale to ensure compliance with… read more…
- Form 4797: How to Report Gains From Business Property Sales
Selling business property—whether it’s real estate, equipment or other depreciable assets—can trigger a tax event. The IRS requires you to report the gain or loss from that sale on Form 4797: Sales of Business Property. This form is specifically used for reporting the sale or exchange of assets used in a trade or business, as… read more…
- Are All Financial Advisors Fiduciaries? How to Tell
Many people assume all financial advisors are fiduciaries, but that is not always the case. Some follow a fiduciary standard, meaning they must act in the best interest of their clients at all times. Others follow a less stringent set of rules and standards known as Regulation Best Interest. Whether a financial advisor is a… read more…
- What Is a Fiduciary Relationship? Definition and Examples
A fiduciary relationship is a legal or ethical bond in which one party must act in the best interests of another. These relationships often involve a high level of trust, such as a financial advisor and a client, or a trustee and a beneficiary. A fiduciary relationship stands out because one party owes the other… read more…
- Guide to Mark to Market: How Do Hedge Funds Use It?
Hedge funds are known for their sophisticated strategies and dynamic approaches to investment. The mark-to-market accounting method is one of the tools that hedge funds employ. This approach involves valuing assets based on their current market price rather than their purchase price. This provides a real-time snapshot of a fund’s financial health. Mark-to-market lets hedge… read more…
- Ask an Advisor: Should I Move Some of My $650k from Stocks to Precious Metals?
My total investment value is approximately $650,000, mostly in stocks. Should I keep a percentage of my portfolio in precious metals? – Rex Investing a portion of a portfolio in precious metals is a common practice. If you keep the allocation modest — around 5% — I think it’s okay to use precious metals for… read more…
- Form 1099-Q: What Is It, Who Files It and Who Gets It?
The Form 1099-Q tax document goes out to taxpayers involved in educational savings plans, such as 529 plans or Coverdell Education Savings Accounts. Financial institutions issue these forms to report distributions made from these accounts. Typically, the financial institution managing the account has the responsibility of filing the form with the IRS. The institution also… read more…
- How Much Do You Need to Retire at 35 Years Old?
Retiring at 35 is a bold financial goal and one that requires a high level of planning, aggressive saving and a lifestyle that aligns with early financial independence. Whether you are drawn to the principles of the FIRE (Financial Independence, Retire Early) movement or simply want more freedom in life, figuring out how much you… read more…
- Risk Appetite vs. Risk Tolerance: What Are the Differences?
Risk appetite and risk tolerance are often used interchangeably, but these financial terms represent distinct concepts. They also play somewhat different roles in shaping investment strategies and financial planning. Risk appetite refers to the level of risk an entity is willing to pursue to achieve its financial goals. It is a strategic choice that aligns… read more…