A bond is essentially an IOU. It’s sold by a company or federal, state or local government. It’s a promise you are going to lend your money by purchasing a bond and they’re going to use the money either to finance a deficit, finance a project, etc. While they are using your money, they promise…Read More
Did you know that over 60 million Americans are living in a home with either grandparent, grandchildren, or with two or more adult generations? That’s nearly 20% of America.
Whether it was planned or not, you may at one time be living in a multi-generational household. Kids may need to move back in after college. In fact, over 36% of 18-31year olds are living at home. Forty-seven percent of adults aged 40-50 have a parent 65 or older and are still raising or have adult children with financial needs. Whether it’s the cost of living increases, childcare needs, health issues, or a job loss, the trend of moving into a multi-generational family home has been on the rise since 1980, hitting a high point during the 2007-9 recession. Whatever the case, living in a multi-family household can be an enriching and positive experience. This article will go over some ways to streamline the process so that it is beneficial to everyone.Read More
Life insurance, when you pass away, is going to pay what’s called a death benefit to the beneficiaries that are indicated. Typically this death benefit is free of tax. Now some people do use life insurance as a way to leverage their wealth. You know, one dollar in life insurance premium payments can generate a…Read More
Equity in an ownership investment. If you own your home outright you own 100 percent of the equity in your home. But if you have a mortgage, part of your home’s value is pledged to the bank as collateral and part of it is yours. Stocks are equities. A share of stock represents ownership in…Read More
Security is just designating that is a type of investment. -A stock is a security. -A bond is debt security. Now with a security you purchase it in the case of a stock, or with a bond you lend your money to someone else. Or you purchase an existing bond from an existing owner. And…Read More
All signs are pointing to higher taxes in the future. The middle class, especially those diligently saving for retirement in their 401(k)s and IRAs, need to be ready for that.
There’s so much political news these days. I can’t turn on any news channel and not hear a constant drumbeat of Trump, Trump, Trump.
But he’s not the only story.Read More