November 26, 2014 12:58 PM • Log in
   Subscribe to RSS

Search Results for cho

Education Savings Plans

June 15, 2011 by rafael  |  No Comments

IRA Accounts With an IRA, you are permitted to withdraw money for college expenses without paying the 10% early withdrawal penalty; however, you will owe income taxes on the amount you withdraw. Unlike a traditional IRA, a Roth IRA allows withdrawals for college expenses without having to pay either income tax or the 10% early [...]

Continue Reading »

Professional Help

June 15, 2011 by rafael  |  No Comments

Working with a Financial Planner A qualified financial planner can help you put your retirement plan into action and monitor its progress. A planner also can help you stay on track to meet changing financial goals by staying informed about emerging products—such as exchange traded funds—changing products, markets, and tax laws. One way to find [...]

Continue Reading »

Donate

March 9, 2011 by allenj  |  No Comments

Money A charitable gift can be cash, real estate, stock and income from trust funds, or personal belongings, such as artwork, jewelry, or a used car. You can deduct up to 50% of your annual adjusted gross income for gifts of cash to an established charity or foundation. Some giving strategies depend on an organization’s [...]

Continue Reading »

Steps to Starting A Business

March 9, 2011 by allenj  |  No Comments

Starting a business is no easy task, and sustaining a viable business can be even harder. Most startups go belly-up in three years. Here are some steps you can take to start off on the right foot: 1. Do a self-assessment. Analyze your strengths, weaknesses, and professional and personal skills. Is there an unmet market [...]

Continue Reading »

Tax Considerations

March 9, 2011 by allenj  |  No Comments

You’ll need to set up tax strategies that will protect your assets and limit your tax liability when you retire. Make sure you understand the terminology. Tax-exempt. No taxes are owed on the money you earn from an investment—the money is tax-free. Municipal bonds are a prime example. The interest (not capital gains) on these [...]

Continue Reading »

Handling Your Affairs

March 9, 2011 by rafael  |  No Comments

Outline how your wishes will be carried out at the time of your death or should you become incapacitated. This is accomplished through a will, trust, power of attorney, and living will. Finalize a will. A will governs how you want your assets to be distributed. Dying without a will, known as intestate, can be [...]

Continue Reading »

Buying A Home

March 9, 2011 by allenj  |  No Comments

Shopping for your first home can be a time-consuming and mind-boggling process. In fact, the legwork should begin a year before you actually plan to buy your home. The first step is to review your credit report for any errors that may cause you to pay a higher interest rate on your mortgage. What’s more, [...]

Continue Reading »

Principle #2

March 9, 2011 by allenj  |  No Comments

I will maximize my income potential through education and training. Traveling the road to financial independence requires fuel, i.e., your salary and other income you save to invest in order to build wealth. So, as your journey progresses, it’s important to recognize your worth and to take charge of your earning potential. You can control [...]

Continue Reading »

Why Diversify

March 9, 2011 by allenj  |  No Comments

Why Diversify

Imagine that you are riding in an elevator car held by one cable. Suddenly it breaks. What happens to you? No one wants to think about the likely outcome. Now imagine that you are riding in an elevator that is supported by several cables. Suddenly one of them breaks. Because there are other cables still [...]

Continue Reading »

Principle #6

March 4, 2011 by allenj  |  No Comments

Principle #6

I will devise an investment plan for my retirement needs and children’s education. Planning for retirement should begin as early as possible. The sooner you start, the more you’ll be able to benefit from earning compound interest. And let’s be clear, retirement is expensive—whether you plan to travel the globe, or just spend more time [...]

Continue Reading »

© 2014 BLACKENTERPRISE.COM BLACK ENTERPRISE MAGAZINE All rights reserved
BlackEnterprise.com TopHat
  • Home
  • Money
  • Career
  • Small Business
  • Technology
  • Lifestyle
  • News
  • Photos
  • Videos
  • Magazine
  • TV Shows
  • Events