Archive for June, 2016
Annuities and debt can often be hard concepts to understand and address, but paying off your debt doesn’t have to be a struggle. Understanding the definition and purpose of an annuity and ways to reduce debt are the first steps to becoming financially smarter.
What is an Annuity?
An annuity is a financial product sold by insurance companies that allows you to put aside money, have it increase each year without paying taxes, and then trigger a stream of future payments on a timeline that you may control. Those payments are taxed as ordinary income, but unlike IRAs, there is no income limitation on how much you can place in an annuity.
Who Makes Money on Annuities?
Insurers make money on annuity fees, as well as the management services the
Companies used to be able to turn to accounting firms or other financial institutions to have a business valuation calculated. It only made sense that these number-savvy individuals who spend much of their workday analyzing financial data would be a good resource for a business valuation service. As with most aspects of business, however, specialization has replaced these old financial wizards with specialized business valuation companies. For a business valuation you can trust, it’s always best to consult an expert in the field. The tricky part is: How do you choose among them?
When it comes to selecting a business valuation company, there are a number of things to keep in mind. Cost and experience are, of course, relevant, bu
What to do when you win the lottery? First of all, of course, you should celebrate! Break out the champagne, throw a party, start looking at brochures for a cruise or your dream home. But quite early on, maybe even in the first week or so, you should make a financial plan. It might seem like a lot of money, even more than you think you could ever spend in your lifetime. You’d be surprised at how fast it goes. One of the first things you should also consider is if you should sell your structured settlements.
Plan your financial future
Of course, you’ll fine-tune your plan as you move ahead, and get advice from financial experts. But if you plan ahead and decide how you’re going to use the money –
Commercial real estate is an industry that is undoubtedly booming — a fact that is made even more remarkable by the fact that a few years ago, real estate seemed to have an uncertain future. If you’re wondering about how to buy commercial real estate, or for that matter how to get into the industry in the first place, you’re not alone. Furthermore, you shouldn’t feel as if you have to have a deep history in real estate investing to become involved in the industry. What you will need, however, is a lot of advance research and at the very least an experience mentor to help guide you through the real estate investment field. While there is m