Is the Sale of Your Dental Practice Your Retirement Future?
If you are planning the sale of your medical practice to finance your retirement, you may need to increase the value of your practice.
U.S. Savings Bonds—Series EE Bonds
Series EE bonds are Savings bonds are issued by the United States Treasury Department, and are reliable, low-risk products that you can use toward financing education.
Pension Protection Act of 2006
The Pension Protection Act of 2006 was aimed at increasing retirement savings. Most notably, employers were allowed to automatically enroll employees in the company’s 401(k) plan.
Dividend Reinvestment Plans (DRIPs)
Many new investors look for a way to invest a small amount of cash into the stock market without paying huge commissions. To meet this increasing demand, more companies are offering dividend reinvestment plans, also known as DRIPs. DRIPs are offered by a corporation and allow investors to reinvest their cash dividends by purchasing additional shares or fractional shares of some of the most well known publicly-traded companies for as little as $10 at a time. As a result, DRIPs have become heavily promoted as viable solutions to new investors entering the stock market
Don’t Put All Your Eggs in One Basket
Many sectors are negatively correlated, so by diversifying your portfolio you may be able to better weather a market downturn.
How Do You Choose a Consultant?
A consultant can help you identify your problem, devise a solution, and then implements it or train you to do so. In order to get the most benefit out of a consultant, you must know how to seek out the best fit for you.
Seeking Unbiased Advice from Your Financial Planner
If you are seeking to develop a long-term relationship with a financial adviser, we suggest you understand the motivation behind the advice you are given.
Do-It-Yourself Financial Planning
If you intend to create your own financial plan, we suggest consulting an insurance agent, a tax adviser and an estate planning attorney in addition to establishing your savings plan.
Tax Breaks for Home Mortgage Interest
Home mortgage interest can provide a very large tax deduction. You also may be able to transform nondeductible expenses into fully deductible interest by using your home as collateral for the loan.
Taxpayers Become Victims of E-mail Scam
The U.S. Treasury Department’s Electronic Federal Tax Payment System is a safe and convenient way to file and pay your taxes online. However, beware of email scams claiming your credit card has been enrolled to pay taxes due.