Category: Estate

The 7 Most Common Estate-Planning Myths

Myths and misunderstandings dominate the public consciousness when it comes to estate planning. Some are the result of incomplete media reports, while others arise from half-truths and exaggerations put forth by “advisors” interested in generating a quick fee or commission. Further, labels such as “death tax” and other politically charged mischaracterizations are given life by…


11 Tips to Help You Protect Your Online Financial Data

Online banking, paying bills remotely, and mobile wallet apps have made it easier for businesses and consumers to interact with their financial services providers. But online banking has also brought consumers’ financial data into the digital space, leading to cybersecurity issues. Saved passcodes, automatic transactions, and devices without passwords can leave your financial data vulnerable…


What It Takes to 10X Your Net Worth from $0 to $100K

When you hear the word wealth, what is the first thing that comes to mind? Mansions? Designer clothing? Luxury cars? Dining out at exclusive restaurants? Growing up, I probably would have had the same answers. After all, I grew up in a house that cost just $8,000. Yes. An eight followed by three zeroes. Also,…


Tips for Creating a Successful Revocable Living Trust and What to Avoid

A revocable living trust helps you pass your assets on to your designated beneficiaries. What makes it attractive is that it can be changed at any time and beneficiaries or assets can be added or subtracted while you are alive. Before setting one up, there are some things you need to know. Reasons to Make…


Why Business Owners Need an Estate Plan

Running a business is not easy nor does it leave a lot of leisure time for business owners. Typically they must work long hours regardless of whether or not they have a family. In fact, some days they may struggle just to keep up with tasks at home and family activities. That makes trying to…


How to Retire Early With Zero Regrets and Extra Cash for Life

Depending on who you ask, early retirement has different definitions. Generally, any time before your 62nd birthday when you are eligible to draw Social Security benefits. Recent years have seen the growth of the “Financial Independence, Retire Early” or FIRE (Financial Independence, Retire Early) movement, which encourages people to retire even in their 30s and…


Tweak Your Tech Settings to Protect Your Privacy

So much of our sensitive personal data is being tracked and sold that trying to protect our privacy can seem like a pointless exercise. We can disable the location tracking on phone apps only to find new apps stalking us the next time we check. We can turn off personalized advertising and still get bombarded…


Why Do You Need a Living Trust

Passing on assets to one’s kin after passing away can be done several ways. Making a will is the most common method. It successfully passes your possessions to the designated individuals, but only after going through probate and estate taxes. A better method for some people is to make a living trust, which also provides…


Top 5 Richest Presidents in US History

What would be considered the most esteemed job in the world? For many, this would be holding the office of President of the United States of America. Although the job has prestige, it doesn’t pay as much as you would assume. While in office, the U.S. president receives an annual salary of $400,000. They also…


If Your Bank Merges, Should You Shop Around or Stay Put

Bank mergers and acquisitions happen regularly and can lead to streamlined services and better offerings for consumers, but they can also sometimes create challenges like less access to branches or customer service difficulties. If your bank is merging or being acquired, it will probably try to make the transition process of moving your account as…