Month: December 2023

[ad_1] This article, the third of a three-part series on how to implement an effective backdoor Roth strategy, was written by guest contributors Steven Jarvis, CPA, MBA, and Matthew Jarvis, CFP. Once tax-free basis is introduced to any of a taxpayer’s IRA accounts, all distributions will be characterized on a pro rata basis until such… Continue reading With Backdoor Roths, Is It Necessary to Zero Out IRA Accounts?

[ad_1] New year, new me (who is better with money). This is what many Americans hope they can accomplish when they set a financial New Year’s resolution. Some may even set more than one in the hopes of reaching several money milestones in the new year. However, many money-themed New Year’s resolutions just don’t pan… Continue reading I’m a Financial Planning Expert: Here Are 3 Money Resolutions That Usually Fail

[ad_1] Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own. You’ve worked hard all year — if you’re getting a year-end bonus, you deserve it! To avoid a… Continue reading 3 Strategic Ways to Use Your Year-End Bonus From a Financial Planner

[ad_1] HOUSTON (Reuters) -Struggling liquefied natural gas (LNG) developer Tellurian on Thursday said it has hired a financial adviser to assist in balance sheet management. Tellurian ousted its chairman and co-founder Charif Souki, earlier this month weeks after auditors raised doubts about the company’s ability to cover future expenses. Chairman Martin Houston in a letter… Continue reading LNG developer Tellurian hires financial adviser

[ad_1] #479: Ask Paula: Is Mom Getting Ripped Off by Her Investment Advisor?!  Afford Anything [ad_2] Source link

[ad_1] Budgeting 101: Financial Planner Kamila Elliott Outlines Key Steps As the year 2023 comes to a close, financial planning takes center stage. In the realm of personal finance, setting an annual budget is often underscored as a pivotal step towards achieving financial goals. Kamila Elliott, a certified financial planner at Collective Wealth Partners and… Continue reading Budgeting 101: Financial Planner Kamila Elliott Outlines Key Steps

[ad_1] We’re in the midst of the “great wealth transfer” — over the next 20 years, baby boomers are expected to pass approximately $72 billion in wealth to heirs that are members of Gen X, millennials and Gen Z. Passing along generational wealth can be a nuanced process, especially for those who have a lot… Continue reading I’m a Financial Advisor: 3 Mistakes Rich Boomers Make When Passing on Wealth

[ad_1] Ask an Advisor: ‘Prove Me Wrong.’ I Think Investing in CDs Is a Better Deal Than Working With an Advisor Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts… Continue reading ‘Prove Me Wrong.’ I Think Investing in CDs Is a Better Deal Than Working With an Advisor

[ad_1] Open a Business Bank Account Keep your business and personal finances separate. Here’s how to choose a business checking account—and why separate business accounts are essential. When you open a business bank account, you’ll need to provide your business name and your business tax identification number (EIN). This business bank account can be used… Continue reading How To Start A Business In 11 Steps (2023 Guide) – Forbes Advisor