Great article yesterday in the Detroit News about some things to do (and not do) regarding your finances and your child’s education. This is exactly what I need to read, as I just had a little baby girl seven weeks ago. I must remember that I’m not getting any younger and need to put cash away for my retirement, while making sure that my little baby girl will have some duckets to attend college.
Most retirees need to start using new tax forms to take advantage of special deductions. Income often decreases enough to put seniors into new tax brackets. If you are near retirement age, these tax tips can help you save time and money:
If you are self-employed, there are several options available in which you can save for retirement similar to the ways employees with company plans do across the country. Here’s more information about the SEP-IRA, Keogh, Defined Benefit Plan, SIMPLE IRA and Solo-401(k).
There are different types of power of attorney. Main types include: general, limited, health care, durable, and springing, all of which will be explained here. However, there are other types of powers of attorney, including: financial, care and custody of children, sale of real property, and sale of automobile or other vehicle.
A power of attorney form allows you to choose a person or organization to handle your legal, financial, or health care matters if you’re unable to take care of them yourself. Here, we’ll cover the basics of power of attorney, what it is, how it works and how it could benefit you.
If you’re a young professional and effectively managing your money, beef up your funds by consulting an advisor! Here are a few tips to get you started.
What is a living trust? It can help you avoid probate court and give you peace of mind that your assets will be handled properly if you die or are incapacitated.
Whether you’ve had a will for quite some time or are thinking about drafting one soon, it’s important to understand the legal terms involved with your will.
What’s the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy? We’ll review the court process and what you can expect if you declare bankruptcy.
Think you’re too young to start planning for retirement? Think again! Check out the many reasons why (and how) you should start saving now!