Here is a step-by-step guide to starting your new business.
1. Meet with an accountant experienced in business tax law to determine what type of business entity would best suit you and your business. (See the article entitled . . .
An invaluable part of any estate plan can be the strategic and systematic use of the annual gift tax exclusion. By properly planning your estate distribution strategy over a number of years, you can successfully lower, or even eliminate, estate shrinkage from administration, death taxes and probate costs.
Eventually, all parents become empty-nesters, whether it’s when the kids leave for college, work, marriage, or other pursuits. Suddenly, your home is no longer the place where your children live. Though it takes some adjusting, patience and creativity, being an empty-nester can be an exciting and rejuvenating time in a person’s life.
Many of us watched Maxwell Smart in the Get Smart television series. Among his antics he would repel through a doorway or to the top of a nearby building. Inevitably, he would crash into the door jam or hit the side of the building and would comment, holding his thumb and forefinger about an inch apart, he missed it by that much.
Similar things can happen in our retirement plan when we over or under estimate how much it costs for us . . .