If you have a Solo 401(k) that is worth more than $250k or was terminated make sure to file your 5500-EZ with the IRS or face fines of $250/day!!!
Financial Literacy,
Risk Reduction
- January 8, 2024
- by Angela
The secret to investing is to get started early and make it automatic. It doesn’t have to be much. Once you get in the habit it begins to snowball. But where can you invest money …
Financial Literacy,
Net Worth
- November 21, 2023
- by Michael
In the beginning, social networks were used for communication between friends and expressing personal opinions. Today, social networks are increasingly about brands, marketing, and influencers. A popular topic on social media is finance.
Financial Literacy,
Risk Reduction
- November 12, 2023
- by Angela
Lack of savings can be from a small income or because they simply don't know how to budget. No matter your income you need to understand the psychology of money in order to save and …
Financial Literacy,
Budgeting
You might want to check if your income puts you on a bubble where a tax credit that is valuable to you phases out, or a tax hike phases in Figures have been updated for …
Financial Literacy
7 common investing mistakes explained: comparing yourself to others, being emotional, timing the market, ignoring cashflow, not rolling over employer 401k, missing employer matches, not contributing!
Financial Literacy,
Net Worth
Barter is the exchange of goods and services without using money. It has been around since 6000 B.C. but still has its place in society today. One huge advantage is there are no taxes on …
Financial Literacy
Can people make ridiculous financial mistakes? Of course, it is a daily occurrence all across the world. Some of these can actually look pretty funny to those who have mastered their personal finances.
Financial Literacy
- December 21, 2022
- by Michael
If you have a comprehensive business plan but lack the finances to acquire high-quality equipment to execute it, opting for a hire purchase / rent-to-own scheme can be a solid solution.
Financial Literacy
- November 8, 2022
- by Angela
One way to lose a bunch of money is to invest in just one thing, hoping to make a big profit in a short amount of time. The secret to investing is to spread it …
Financial Literacy,
Net Worth
- October 9, 2022
- by Michael
US Treasuries can sometimes offer a better rate of return vs conventional CDs or money market funds. Here is how they work.
Financial Literacy,
Net Worth
- September 20, 2022
- by Angela
When it comes to investing in Bonds or CDs there are a few things to consider. Both are fixed income investment vehicles with relatively low risk but there are important differences.
Financial Literacy,
Net Worth