Conducting Due Diligence on a Real Estate Investment Partnership
Wednesday, September 25
Investing in a real estate partnership, whether it's new or existing, can be a profitable venture, but it also comes with risks. Before committing capital, conducting thorough due diligence is crucial to safeguard your interests and ensure the partnership aligns with your financial goals. Here’s...
Building Wealth: Real Estate Investment Strategies
Wednesday, September 18
Building Wealth: A Comprehensive Guide to Real Estate Investment Strategies Real estate investment has long been one of the most reliable and rewarding ways to build wealth. Whether you’re a seasoned investor or just starting out, understanding the various strategies involved is key to maximizing...
Irrevocable Life Insurance Trusts (ILIT)
Wednesday, September 11
An Irrevocable Life Insurance Trust (ILIT) is a type of trust specifically designed to hold a life insurance policy. Here’s a detailed breakdown of how it works, when and why it should be used, and the potential downsides: How It Works: 1. Creation: An ILIT is established by a grantor who trans...
Understanding Tax Lot Methods: An Essential Guide for Investors
Friday, August 23
When managing an investment portfolio, one of the crucial considerations is understanding how your assets are taxed. One of the key concepts in this area is the tax lot method, which determines how the cost basis of your investments is calculated when you sell a security. This has significant imp...
Understanding Rule 72(t) SEPP for Early Access to Your 401(k) or IRA
Tuesday, August 13
Accessing retirement funds before age 59½ can be a challenging decision due to the hefty penalties usually associated with early withdrawals. However, Rule 72(t) offers a way to take distributions from your 401(k) or IRA without facing the usual 10% early withdrawal penalty. How Rule 72(t) works...
Guide to Donor-Advised Funds (DAFs)
Monday, August 05
Donor-Advised Funds (DAFs) have gained popularity among philanthropists for their flexibility, tax advantages, and ease of use. If you're considering setting up a DAF, this guide will walk you through the process, help you determine if a DAF is right for you, and highlight the benefits of this ch...