If you are one of the millions of Americans that is dealing with financial challenges, it might seem like there is no hope of relief. The truth is, sometimes the most basic option is the best first step. Below you will find information that will hopefully give you a better understanding of your financial situation and what to do about it.
The First Step of Financial Management is Make a Record of Your Expenses
It might seem simple, but one of the best first steps to take when trying to asses your financial assets and Continue Reading
Selling fixed annuities can be a hassle, but before you begin to think about selling, you need to fully understand what an annuity is. Annuities are an insurance product that pay income at a fixed rate, and are a popular choice for investors who want to receive a steady income stream in retirement.
The income you receive from an annuity can be doled out monthly, quarterly, annually or even in a lump sum payment. While annuities can be useful retirement planning tools, they can also be a poor investment choice for certain people because of their high expenses. For this reason, many people try to sell their annuities. If you’ve decided to sell your annuity, here are two ways to go about it.
Annuity holders who are looking to sell should be aware that due to trans
For many business owners, their only exit strategy is a sale of the company, either because they have no heirs or they don’t have employees who can take over the business. A business owner getting out of the business is going to want to get as much as possible for the business, which is why it is important to employ business evaluation services to come up with a business valuation that is at the high end of what the market will pay.
There are more than 26 million businesses in the U.S., and the vast majority of those are small businesses. About 21 million of those businesses have no employees at all, and 99.7 percent have fewer than 500 employees. With very tiny businesses, it can be hard to set a value, because much of the intangible part of the business can be tied up with the owner.
Recently, as I was standing in line at the bank, I overheard the employees chattering excitedly regarding the upcoming lottery. Apparently it was going for a lot of money this time and people were hopeful. Everyone was talking about having a secure financial future and how it would be even better if it came so easily. They were all going to go in on some tickets so that in the event that they won, they would split the winnings. However, what happens if they do win? There are a few things that they probably hadn’t thought of in the excitement of the large pool. Payout options are the first thing that they should think about and decide before hand.
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How do you create a secure financial future? Some would say it’s saving up your money bit by bit in a piggy bank, only cracking it open in case of an emergency. Others would say it’s spending your money wisely and avoiding temptation. Yet more would note that it’s difficult to save money without a concrete, long-term plan in place. With annuity settlements and lump sum payment options, a secure financial future can be more than a distant dream — it can be your reality. An annuity involves creating a long-term financial plan to put an active dent in your debt and redirect your funds where you need it most, whether i