Businesses spend a lot of money insuring buildings, equipment, and vehicles but their most valuable asset, people, tends to be overlooked. What if a key person or business owner either passes away, is accidentally killed, or falls critically ill, how would the business cope? Their death could be catastrophic, threatening the firm’s survival. A solution
Many people believe that having an estate plan simply means drafting a will or a trust. However, there is much more to include in your estate planning to make certain all of your assets are transferred seamlessly to your heirs upon your death. A successful estate plan also includes provisions allowing your family members to access or
Buying a car can be daunting. There are so many options: make, model, price range, must-have features, things you can compromise on, and of course, getting the best deal. Whether you’re looking to buy new or used, we have some tips for you on budgeting and making a smart purchase. Choose wisely. Choose the make
From when to say “please” and “thank you” to how to drive a car, we learn a lot from our parents. Oftentimes, that includes picking up on their money habits as well. And while some of that financial wisdom consists of worthwhile advice that we’ll turn around and pass along to our own kids, other habits are better off forgotten.
This week’s question comes from Ethan: I’m about to inherit a little bit of money. I’m 45 and have a wife and two kids. This money is not enough to retire, but it’s enough to be life-changing. I was able to pay off my student loans, for example. I will have enough to pay off
Being your own boss can be great. But when you’re self-employed, you also become your own human resources representative, office manager, and accountant. The finances can get complicated—especially come tax time! A little preparation will set you up for financial success. Not sure whether you count as self-employed? According to the IRS, you’re self-employed if