Category: Wealth Management

Is Long Term Care Insurance Right for You?

Purchasing any type of insurance can be seen as a gamble. Am I going to need it? How much do I need? Am I just throwing my money away if I don’t use it? These questions are valid for any type of insurance, but the answers are particularly important when it comes to long-term care…


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…


Homeowner Insurance: Are You Sure You Have Enough?

Homeowner insurance policies differ as much as homes—they are all different. Although the basic coverage will likely be very similar, many options are available. You may have gotten a good deal on your insurance policy from an agent, but it may not give you the coverage you need. When it comes down to it, it…


Non-Qualified Deferred Compensation: Retirement Savior or Risky Strategy?

When it comes to taxes, the higher your income, the more you pay. If you’re employed and you are provided with the option of deferred compensation, the best option is to weigh the pros and cons to decide if it will work for you or not. Qualified Versus Non-qualified Deferred Compensation A deferred compensation plan…


Beyond the Bank Teller: Today’s Options for Check Cashing

Technology has revolutionized all industries, including the financial sector. However, even in this day and age, some employers still pay via check. You don’t want to hold on to checks when you could be using the cash to buy something that you’ve been dreaming of. If you have never cashed a check, you may find…


What Homeowners Need to Know About Property Taxes

When you purchase your first home, you become aware that you are required to pay for the privilege of owning a home. That payment comes in the form of property taxes. Property taxes are a revenue source for most local governments. Whether you live in a city, a town, a village, or a parish, you…


Are You Rich and Don’t Even Know It

What does it mean to be “rich?” Does it mean an ability to afford basic needs like a home, clothing, and food? Is it an arbitrary earning rate, like $100,000 per year or $1 million per year? Is richness measured by how much money you have in the bank? While there may not be a…


Tax Reduction Strategies to Help Your Portfolio During a Crisis

When events such as COVID-19 occur, investors often feel at the mercy of wildly fluctuating portfolios. Investing in the market involves risk—your portfolio will go down. And according to the math of percentages, the more significant your losses, the more returns you’ll need to break even. If you lose 10 percent, you’ll need to gain…


Tax Credits for Your 2022 Tax Return (The One You File in 2023)

The mistake many taxpayers make when considering tax credits is they don’t think about tax credits from the previous year until they are filing their taxes. Start planning early. Whether they are credits new for the tax year 2022, or old ones that have changed, you need to know what is available to you so…


Last-Minute Tax Tips for U.S. Crypto Investors

NEW YORK—When accountant Zach Gordon gets calls from clients about how to handle cryptocurrency on their taxes, there is a common theme. “They have absolutely no idea,” says Gordon, a principal with Grassi Advisors & Accountants in Westchester, New York. It is not entirely their fault. The whole arena of cryptocurrencies like bitcoin is so…