My last post discussed how I recently made partner and how this has given me additional income, expenses, risk, and personal financial complexity. In this post, we'll discuss the ways becoming a part...
This post gives you ten steps that, if followed, will guarantee financial success and independence.
Financial conflicts of interest are omnipresent, especially when it comes to financial advice. There are a number of finance-related tasks that need to be done to manage your finances, and there are...
Congratulations! You've made it to the far end of a very long pipeline. You've hit the light at the end of the tunnel, and discovered it wasn't a train there waiting for you. This is an exciting ti...
As a general rule, annuities are an inferior investment vehicle. You ought to have a really good reason before you purchase one (and the usual one used to market these to physicians, tax avoidance, i...
A Qualified Personal Residence Trust (QPRT) is an estate-planning tool. It's purpose is to reduce your assets below the estate tax limit, currently $5 Million for single individuals and $10 Million f...
Some very wealthy folks (or probably their lawyers) figured out that if each generation leaves its money to its grandkids or great-grand kids instead of their children, then much estate tax can be avo...
There are many different kinds of trusts. One of the most popular is called a credit shelter trust. The point of this trust is primarily to avoid paying estate taxes. Remember that under current law w...
[Update 2020: The SECURE Act limited the Stretch IRA to just 10 years.] The stretch IRA is not really an investing, or even a retirement topic, but more of an estate planning tool. To understand how i...