Usually, when you take money out of your IRA account before retirement, you would be subject to various penalty or tax. This being an extraordinary year, you may be able to roll over your 2020 IRA distribution to another IRA by August 31 without taking a tax hit. Here is what you need to know.
To Convert or Not Convert
Do You Know Why Succession Planning is Essential?
Preserve Your Own Retirement Nest Egg While Providing Care for a Loved One
Care and Costs are two sides of a coin when it comes to taking care of your loved one. Increasing expenses may cause pressure even to the ones with a strong financial background. You may need help from a few expertly approaches to restructure and balance the scenario, in order to avoid depleting your own retirement fund.
10 Ways to Increase the Money Your Business Makes & Keeps
Is Homeownership a Feasible Saving Tool?
3 Ways to Make the Most of Your Banking Relationships
The COVID-19 pandemic has highlighted the importance of having an established relationship with a lending institution if your business needs a quick infusion of cash. Here are some tips for either establishing a banking relationship if you don't currently have one or expanding an existing relationship you do have:
Help For Business Owners Who Provide Employees With COVID-19 Paid Leave
5 Ways to Recession-proof Your Business
Business America is slowly re-opening. Given the dismal economic numbers we have seen, the market reality mirrors that of the last recession.
There was a survey done to businesses that survived the 2008 recession by Trends, and the below are 5 key takeaways from business owners on how to cope with the economic fallout. We might like to borrow them for the fallout from the recent COVID-19 pandemic.
Losses that Offer Tax Savings
Capital loss, casualty loss, net operating loss — a loss by any name causes a financial setback. It's something no one likes to think about, much less experience. But if you do suffer a loss, tax laws may provide a measure of relief in the form of a refund or lower taxable income. Here are examples of common losses you may experience, along with possible tax savings
Million Dollar Monday FAQs
The idea is to inspire entrepreneurs, especially those who are solopreneurs, sole proprietors or self employed, to ask themselves what small steps they can take each week to march closer to their goals, by outlining their ideal progress and implementing new actions.
Join us on Instagram, Facebook and Linkedin to take part in this powerful year long challenge!
4 Smart Tactics to Manage Student Debt
The Importance of a CEO Succession Strategy
Preserve Your Own Retirement Nest Egg While Providing Care for a Loved One
Care and Costs are two sides of a coin when it comes to taking care of your loved one. Increasing expenses may cause pressure even to the ones with strong financial background. You may need help from a few expertly approaches to restructure and balance the scenario, in order to avoid depleting your own retirement fund.