The Resolute Investor

What is a Health Care Proxy & How to Choose Your Health Care Agent?

February 13, 2021 By Vitaly Leave a Comment

Estate planning is far from being a pleasant topic to talk about – I admit this and totally get it. No one wants to even think, yet alone talk, about being incapacitated or terminally ill. Take some of my clients, for example. Every time I bring this topic up, I can see and sense how annoyed they become and want to switch the conversation. But we all need to understand that this is part of life, and in many ways, there are situations that are beyond our control. And that is exactly why we need to plan NOW for whatever unfortunate situations can be. Because if we don’t – the cost of inaction can be dangerously high.

What is a Living Will and 2 Vital Reasons Why You Need to Have One

February 4, 2021 By Vitaly Leave a Comment

When someone thinks of a living will, the very first association that comes to mind is that it’s the same thing as a last will and testament. Even though a living will is a type of a last will and testament, it has a completely opposite intended use.

In this post, you will learn about a living will and why you need to have one.

7 Types of Wills: Which is Best For You?

February 1, 2021 By Vitaly Leave a Comment

Last week, I talked about a will and provided 7 fundamental reasons why it is important to have one. In this post, you will learn about different types of wills that you need to be aware of before you draft your own one.

Last Will and Testament: What Is It & 7 Crucial Reasons You Need to Have One

January 25, 2021 By Vitaly Leave a Comment

Since estate planning is a very sensitive topic and often raises more questions than answers, in this and my next posts, I decided to talk in more detail about each estate document that I mentioned in my last post. My goal is to provide more reasons that will support a real wake-up call for you to stop putting off dealing with estate planning, thereby taking on an unnecessary risk.

Five Most Important Estate Planning Documents Every Adult Must Have in Place

January 19, 2021 By Vitaly Leave a Comment

In this video, I am talking about estate planning and 5 most important estate documents that every adult must have in place. These documents can protect you, your loved ones, and your assets from an unnecessary risk. Putting off adopting these documents can result in taking on additional risk and irreversible negative consequences for you and loved ones.

Second Stimulus Check is on the Way

December 23, 2020 By Vitaly Leave a Comment

Finally, after months of negotiations and partisan disputes, Congress passed on Monday the new, $900 billion, Coronavirus Relief package. The second stimulus relief package is a part of a ~$2.4 trillion spending bill to fund the federal government through the end of September 30, 2021 and is supposed to be signed by President Trump as soon as it gets to the White House. In addition to new provisions, the new bill has kept some provisions of the CARES Act that was passed earlier this year. However, there were some significant changes you need to be aware of. Let’s look at important highlights of the new bill for individuals and small business owners.

Joe Biden’s Economic Plan: What Does it Mean for America?

November 8, 2020 By Vitaly Leave a Comment

On Saturday, the Associated Press and major TV networks called the presidential race and declared Joe Biden as the winner. Joe Biden has won 290 electoral votes and leads in Georgia, which can add additional 16 votes to his arsenal.

Despite the race being called, it seems that for the President Trump it isn’t over yet. Seeing and reading his personal and campaign’s tweets and comments, there is a chance of some lawsuits and a potential vote recount in some states. I don’t believe that this will change anything and thus, also “declare” Joe Biden as the 46th president of the USA. Given that, I’d like to briefly summarize Joe Biden’s economic plan key points and what we can expect going forward.

Should You Participate in a Payroll Tax Relief Program? Most Likely Not!

September 16, 2020 By Vitaly Leave a Comment

About a month ago, President Trump signed an executive order that expanded economic relief to taxpayers. Starting September 1, 2020 and through December 31, 2020 employees can defer payroll taxes. [Read more…] about Should You Participate in a Payroll Tax Relief Program? Most Likely Not!

$6,000 Second Stimulus Check – House Passed the HEROES Act

May 16, 2020 By Vitaly Leave a Comment

In this video, I provide a quick summary of the HEROES Act, a new $3 trillion stimulus package aimed to provide additional assistance and reliefs to individuals, businesses, and government entities. The bill was passed by the House of Representatives on Friday. Also, I talk about the second stimulus check and other keys provisions of the new stimulus package, including student loan forgiveness and housing assistance.

9 Reasons to Always Use Credit Cards Over Debit Cards

May 1, 2020 By Vitaly Leave a Comment

I recently got a new client and due to the COVID-19 lockdown we had to go through a lot of things virtually. When I have a new client, I always go through a pre-determined process that outlines specific steps and actions both the client and I need to take. One of the very first steps is to send the client a questionnaire to get some basic information about the client and get some insights into the client’s current financial situation and overall life philosophy. One of the questions in my questionnaire asks the client about his or her top five bucket list goals. Usually people list buying a house, travel to an exotic place, upgrading a car, saving for a college and some other things. But this lady mentioned that she wanted to stop using credit cards. It came as a little shocker to me. Of course, she is not alone in that attitude. I am hearing and seeing that many people, especially millennials, opt out from using credit cards in favor of debit cards. But are credit cards indeed as black as they are painted? Let’s find out.