- Pros and Cons of Long-Term Care Annuities
Requiring long-term care later in life can be pricey. According to Genworth Financial, the average annual cost of nursing care in a semi-private room was $94,896 in 2021. Paying that much money could soon exhaust many seniors’ assets. Buying long-term care… read more…
- How to Deal With a Tax Lien on Your Business
If you’re a business owner and you fail to pay taxes, the government could slap your business with a tax lien. That’s a document filed by the Internal Revenue Service placing a legal claim against your business property, including bank accounts,… read more…
- The Black-Litterman Model of Asset Allocation
The Black-Litterman (BL) model is a mathematical technique used to create investment portfolios that maximize return for a given level of risk while also limiting the influence of human bias. It was developed in the 1990s to improve mean-variance optimization (MVO) or modern portfolio theory, a method that was created in the 1950s. This BL… read more…
- How to Retire on a $200,000 Inheritance
An inheritance may help boost your retirement savings. But whether or not it’s enough to live off of in retirement is a very personal question. If you’ve received about $200,000 and you’re wondering if your windfall makes you ready to retire today, you should consider fully assessing the math behind what you’ll need in retirement. There… read more…
- Combining Life and Long-Term Care Insurance
Having the right insurance coverage is an important part of financial planning. Life insurance, for example, can help your loved ones have peace of mind if you pass away. Long-term care insurance can cover costs related to nursing care so you… read more…
- The Best Small Business Tax Software
Picking tax preparation software for your small business is still easier than picking your tax deductions. But there are a growing number of options. And it can be hard to figure out which is best. Here are the small business… read more…
- States With the Largest Tax Bills – 2020 Edition
If you’re expecting a big refund, tax season can be a pleasant time of the year. There is always a chance, though, that you could end up actually owing the government money. Some taxpayers are able to cover those costs, while others have to turn to alternatives like payment via installment plan. With taxpayers meeting with… read more…
- New Mexico Inheritance Laws: What You Should Know
New Mexico does not have a state inheritance or estate tax. However, inheritance laws can still get complicated, especially if the deceased dies without a valid will. In this guide, we’ll take an in-depth look at New Mexico’s inheritance laws,… read more…
- Missouri Inheritance Laws: What You Should Know
Missouri inheritance laws are fairly tax-friendly, as the state doesn’t have an inheritance or estate tax. You will, however, be responsible for federal inheritance taxes should the inherited estate be over a certain threshold. In this guide we’ll take an… read more…
- Alternatives to Long-Term Care Insurance
Anticipating long-term care needs is an important part of retirement planning, as long-term care can quickly eat into your savings. The average yearly cost of nursing home care in a semi-private room was $90,155 in 2019, according to Genworth Financial,… read more…
- What Is a Unified Managed Account?
For certain investors, a unified managed account (UMA) could help streamline investment management. It is professionally managed, and can hold a variety of different investments. However, you might prefer this option if you have a high net worth and substantial… read more…
- How to Retire in 10 Years: A Step-by-Step Plan
After spending years anticipating retirement, you’ve decided to figure out how to retire in 10 years. All of your hard work and savings are about to pay off. However, you’re unsure of what steps you need to take with your… read more…
- What Is Treasury Stock?
Companies of all sizes repurchase outstanding shares of their stock for a variety of reasons. It can help boost share prices or save some shares as incentives for a company’s employees. Repurchased shares are known as treasury stock. Here’s how… read more…
- What Is a Private Foundation?
Not every charitable organization qualifies as a public charity according to government standards. However, a private foundation earns that distinction. A private foundation is a non-governmental, nonprofit organization set up for charitable purposes. Here’s how it works and what types… read more…
- What Is Reinsurance?
You buy insurance to protect yourself and your things. So how do insurance issuers protect themselves? Well, reinsurance is insurance for insurance companies. It minimizes the risk of any single event, disaster or another emergency. Here’s a breakdown of how… read more…
- Co-ops vs. Condos
Housing co-operatives and condominiums seem similar, but there are reasons for weighing a co op vs condos. You can rent them or use them as single-family homes. As a result, co-ops and condos are most popular in older, larger cities.… read more…
- How to Retire at 40: Is It Really Possible?
The FIRE movement, short for “financial independence, retire early,” has many people dreaming of an early retirement. But while some people think “early retirement” means calling it a career at 55, some have far more ambitious retirement goals, aiming to… read more…
- How to Retire With No Money
Many Americans are retiring with little to no savings due to a combination of economic, social and policy-driven factors. The 2022 Survey of Consumer Finances (SCF)1 found that nearly 40% of Americans have no retirement savings at all, and among those who do, the median savings is only $86,900—far from sufficient to support even a… read more…
- Hybrid Securities: Definition and Examples
A hybrid security is a single financial product that combines different types of financial securities, or has features of multiple kinds of securities. Typically, this means that the security has aspects of both debt (bonds) and equity (stocks). In this… read more…
- Economic Shocks: Definition and Examples
An economic shock, also known as a macroeconomic shock, is any unexpected event that has a large-scale, unexpected impact on the economy. Many, but not all, economists also say that a shock has to be “exogenous,” meaning that it comes… read more…
- How to Read and Respond to Earnings Guidance
Many publicly traded corporations periodically release statements about how they think they will do in the coming months. These statements, which typically come out every quarter, are known as earnings guidance. Wall Street pays close attention to these statements, which… read more…
- A Guide to Nursing Home Insurance Options
Living on a fixed income can present significant challenges, especially when faced with the rising costs of long-term care. According to the Department of Health and Human Services, more than half of Americans turning 65 today will require some form of long-term care, making it essential to plan ahead. This is especially true if nursing… read more…
- Do Medicare Or Medicaid Pay for Nursing Homes?
As you approach retirement, it’s understandable to ask what Medicare and Medicaid cover. There’s good reason for that question, as both Medicare and Medicaid cover quite a few types of healthcare costs. It’s imperative to understand how Medicare and Medicaid… read more…
- All About Cash Flow Planning and Budgeting
Whether you’re an individual or a business owner looking to stay on top of your finances, it’s important to plan out your budget and overall cash flow. Cash flow planning means different things in different contexts. For an individual, it’s… read more…
- Guaranteed Lifetime Withdrawal Benefit (GLWB)
Purchasing a variable annuity is something you may be interested in if you want an additional income stream for retirement. As part of your annuity package, you may have the option to add a guaranteed lifetime withdrawal benefit (GLWB) rider.… read more…