Advanced Planning Opportunities Created by the CARES Act
The COVID-19 pandemic of 2020 has affected the United States and the world in profound ways. In an attempt to inhibit the spread of the virus from increasing exponentially and overwhelming our hospital capacity and medical system and to save lives, the majority of states have shut down all but essential businesses and asked the majority of Americans to observe recommendations to shelter-in-place and self-isolate with their immediate families.
8 Advanced Strategies to Generate Passive Income In Retirement
In our Part One article on passive income strategies, we discussed 7 Basic Strategies to Generate Passive Income In Retirement. That discussion was the first of our two part series on retirement income strategies.
7 Strategies to Generate Passive Income for Your Retirement Golden Years
Most people work continuously to earn income. Some even live paycheck to paycheck which causes stress and leaves no margin of error in case of an unexpected disruption to their employment or paycheck
Defined Benefit Plans for High-Income Professionals and Business Owners
Most high-income professionals and business owners get hit with significant income tax bills each year. Of course, professionals in this category such as many physicians, law firm partners, engineers, consultants and business founders or high-level business executives are the fortunate minority to be in such a high-income category in the first place. Still, no one likes to pay more taxes than necessary.
This Unknown Man Became a Billionaire From Just One Great Investment Idea
Many people dream of becoming wealthy. For most this might mean having a net worth in the millions or perhaps even in the tens of millions someday.
In the history of humanity, however, very few have successfully achieved wealth so vast that they are billionaires.
What Do Financial Advisors like Ridgewood Investments Do?
Unfortunately, sometimes people pose as competent advisors, but really aren’t even real advisors at all – sometimes they call themselves advisors but are just glorified product peddlers.
How Wealthy Families Use Trusts to Protect and Grow Their Wealth and Pay Less Taxes
Perhaps you have heard a bit about Trusts and know that wealthy families and their highly paid advisors know when and how to set up trusts to protect and grow their wealth and save on taxes. If you are curious about how trusts work and how they might benefit you and your own family read on as we reveal a lot of the “inside baseball” on how trusts work and some key ideas related to their pros and cons and situations in which using them can be beneficial.
Tips for Saving for Retirement if You Started Late
With the demise of traditional defined-benefit pension plans over the last few decades, the burden of retirement security increasingly falls on us as individuals to make sure we have saved enough for our own golden years.
How to Leverage Your Charitable Giving With Smart Tax and Investment Strategies
“To whom much is given, much is expected” is a famous quote that has been used by presidents and preachers as a reminder that the most successful in our society also have a duty to give back to the benefit of others.
Savvy End-Of-The-Year Tax Moves
If you are like the vast majority of people, the thought of paying more taxes than legally necessary is troubling. Unfortunately with our busy lives pulling us in all directions, it is easy to get distracted and not have the time to focus on potential sources of tax savings throughout the year.
What You Need to Know About Annuities (Secret Pitfalls You’ll Never Figure Out Until It Is Too Late)
Perhaps you’ve been contacted by an insurance sales representative urging you to consider buying an annuity. You’re not quite up to speed on these annuities, but the pitch sounds good: You get regular monthly payments for the rest of your life. All you have to do is sign on the proverbial dotted line.
True Wealth Is Far More Than Just Financial Success
Today, many people are wondering if they should be investing in cannabis related companies. Although it is still illegal as of late 2019 to produce or use marijuana at the federal level, over half the states in the U.S. have approved medical marijuana, and eight states, including trendsetter California, have made recreational cannabis legal.