Phantom Stock
Phantom stock is the right to receive a bonus at a specified date based upon the performance of phantom shares. Learn more in this Business Tip.
Cash Value Life Insurance for Education Savings
You should not buy life insurance solely for funding college tuition. Consider it only when you have an insurance need. Read more in this Insurance Tip.
Repeated Warning about Phone Scams
Your first contact with the IRS will not be a phone call, but an official correspondence sent through the mail. We explain in this Tax Tip.
Saving or Investing: Is There a Difference?
The terms “saving” and “investing” may be used interchangeably, but understanding how they are different may help you in working toward financial goals for you and your family. We explain in this Financial Tip.
The Use of Trusts as a Beneficiary for Your Retirement Accounts
A common trend among investors is naming a trust as the beneficiary of their IRAs and then naming their non-spouse heir as beneficiary of the trust.
Consider Long-Term Care Before Gifting Assets to Your Heirs
In today’s @mdjonline, Bil Lako, CFP® explains why you need to consider long-term care needs before gifting assets. Read the Article.
Should I buy an existing business or start from scratch?
For some people, the simplicity of starting out in an established business outweighs the disadvantages. Learn what we mean in this week’s Business Tip.
Do I Have to Pay Taxes When Working Abroad?
The hosts of “Money Talks” discuss the criteria of the Foreign Income Tax Exclusion and the tax consequences of working abroad.
Know the Rules before You Break Open Your Retirement Piggy Bank
Before withdrawing from a retirement plan, carefully consider the resulting decrease in your retirement savings. Read on in this Tax Tip.
Members of the Military: Personal Financial Planning
Military servicemembers have unique sources of income and savings options, making financial planning important. Learn more in this Financial Tip.