Market volatility. A change in your time horizon. Different goals. All these things can affect the amount of risk you feel comfortable taking with your investments. Your ability to tolerate risk influences the investment choices you make and may have a significant impact on your success in achieving your financial objectives. Periodically revisiting your risk […]
Is the Price Right?
Pricing products or services to maximize profits is a challenge — often part art and part science. To do so effectively requires research, an understanding of your market, and an intuitive feel for what will work. Getting it right, however, is critical if your business is to be profitable. There are several important issues that […]
Choosing a Retirement Plan That Maximizes Benefits for Owners and Key Employees
With the various restrictions and limitations on retirement plan contributions and benefits, small business owners and professionals may wonder whether it is possible to fund adequate retirement benefits for themselves using a tax-qualified plan. In many cases, it is — if the most appropriate plan design is chosen. Why So Many Restrictions? Many of the […]
7 Tax Credits for Your Small Business
Let’s talk about tax credits – what they are, how they differ from deductions, and which can benefit your small business. What are tax credits? A tax credit is a dollar-for-dollar reduction of one’s tax liability, reducing the amount of tax owed. So, a tax credit of $300 lowers your bill by $300. Tax deductions […]
Refinancing a Mortgage — What Is Deductible?
Many homeowners are looking at the historically low interest rates on home mortgages and are refinancing their mortgages before rates start creeping back up. If you recently refinanced your mortgage or are considering doing so, you’ll want to understand the general tax rules for deducting the costs associated with refinancing. Interest Assuming you refinance debt […]
Is a Living Trust Right for You?
You may have seen advertisements touting the creation of a revocable living trust as a good way to avoid probate. And for some people it is. However, it may not be appropriate for everyone or for every situation. Probate is a court-supervised proceeding that can be time consuming and expensive. That’s why a big advantage […]