Category: Wealth Management

The Top 5 Insurance Products Every Startup Needs

By Les Brown The fast-paced nature of the startup world means that entrepreneurs often overlook the insurance products necessary to protect a growing company. But simply telling your board “We have insurance” does not mean it is the appropriate insurance for your particular company or that the policy is being properly utilized. Insurance should be viewed as, and maximized like,…


7 Types of Insurance You Need to Protect Your Business

By John Boitnott From the day an entrepreneur starts a business, he exposes himself to certain risks. Even before the first employee is hired, a business is at risk, making it important to have the right insurance in place. One lawsuit or catastrophic event could be enough to wipe out a small business before it even…


7 Must-Know Tips for Buying Life Insurance

Life insurance can be purchased quickly from almost any agent. Getting the best policy for the family requires considering some things before buying. When time is given beforehand to think about the family’s future needs, buyers can end up with a policy that will be more beneficial and offer a greater level of confidence and…


Is Health Insurance the Next Real Estate in Terms of Investment?

By Justin Brock Appreciating assets, renewal income, and capital gains tax rates are all hot topics in the investment and entrepreneur space, but most people’s explorations of where to invest to capitalize on them are tired. One wildly undersung option is in the health insurance and associated Medicare sectors, which are on fire because of a…


SR-22 Insurance: When and Why You Need It

Many of us have never heard of SR-22 auto insurance, but this insurance is important for those who need it to keep or re-instate their driving privileges. An SR-22 is not actually a separate type of insurance, but refers to a document supplied by your insurance company. When a driver has violated some driving law,…


Eight Things to Consider When Buying Life Insurance

Does a 25-year-old, healthy, male need life insurance? His 30-year-old businessman brother has group life insurance; but is shopping for more insurance because he is raising three young children, his wife doesn’t have a job, and they have a mortgage on their home. What key features should their 65-year-old parents look for when choosing a…


How to Reduce Taxes When You Sell Your Home

If your home’s value has soared, congratulations. If you decide to sell, beware. Financial advisor James Guarino says some clients don’t realize that home sale profits are potentially taxable until their returns are prepared—and by that time, they may have spent the windfall or invested the money in another house. “They’re not happy campers when…


Tips for Buying Life Insurance for the Whole Family

Taking care of your children’s needs means more than merely providing for them on a day-to-day basis. Since no one knows what the future holds, preparing for their daily needs in your absence is essential. You can be ready for the possibility of an accident or death with a life insurance policy to provide for…


5 Reasons Entrepreneurs Should Hire Their Children

By Tom Wheelwright As a small business owner, hiring your children can be a win-win for everyone in the family. Here are the five top reasons why entrepreneurs should hire their children. 1. Tax Deduction for Your Company The most obvious reason to hire your children is to have their salary as a tax deduction. The…


Why Is Estate Planning More Important Now Than Ever Before?

By Tom Wheelwright President Biden’s Build Back Better plan has an abundance of tax changes that, if implemented, could significantly decrease the amount of wealth that you can leave to your family. These potential changes are a great reason to begin reevaluating your estate planning now before it’s too late. What’s at Stake? So, why is…