You don’t have to be an economist to presume that that recession is most likely imminent. Even the president of the Federal Reserve bank of St Louis warned that
Unemployment may soar to 30% and GDP can crash 50% in Q2.
Almost two years ago, in September of 2017, Equifax, experienced one of the hugest and damaging personal data breaches in the history. Personal information of about 147 million people was exposed. Chances are your private information was exposed too.
After an investigation and scrutiny, the company has agreed to a settlement with the Federal Trade Commission. In accordance with the agreement, Equifax will pay $425 million out of the $700 million settlement to people affected by the breach.[Read more…] about Affected by the Equifax Data Breach? Here’s What You Need to Do
With just under two weeks left in 2017, there is still enough time to reflect on the year, evaluate your financial situation, and be sure that you are off to a good start in 2018.
Let’s take a look at 10 smart financial moves you can still do in 2017 that will reduce your tax liability and save you money. [Read more…] about 10 Smart Financial Year-End Moves
For many people, there is no reason explaining what an IRA account is. We all know it is an individual retirement plan that can be either Traditional or Roth with a maximum contribution limit of $5,500, or $6,500 if 50 or over, for 2016. But in addition to a Traditional or Roth IRA, many of you have probably heard of a so-called Self-Directed IRA (SD IRA). Let’s take a detailed look into a SD IRA and see if it is advantageous to open one.
As a small business owner you, like no other, understand the importance of having a retirement plan for your company. An attractive retirement plan helps your business recruit and retain employees, while allowing you to participate in their retirement future. Aside from that, having a retirement plan allows you to deduct the contributions you make on your business’s tax return. That alone is a very good incentive to have a retirement plan. [Read more…] about A SEP IRA As An Alternative to 401(k)