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Asset Protection: 5 Things You Probably Haven't Considered

by Fred Leamnson on Dec 14, 2017

Property

Business owners who have acquired a lot of personal assets face the possibility of having their assets targeted by creditors who want to resolve a business liability. This is especially true in the case of a business owner who guarantees a debt of the business with his personal assets. Although many business owners go through the process of protecting their assets from business liabilities, there are some aspects of asset protection that they may not have considered which could put their assets at risk.

An Estate Planning Primer for Business Owners

by Fred Leamnson on Nov 21, 2017

As if business owners didn’t have enough to contend in managing their business and personal finances, there is one particular aspect of their financial lives that is often neglected until it’s too late, and that is the management of their estate. Yet, it is the one area of their financial picture that, if not thoroughly planned and managed, could have the most devastating consequences for their family and their business.

Retained Life Estate: Open the Door to Tax Charitable Deductions

by Fred Leamnson on Nov 14, 2017

A home is a place to rest your head, to create memories, and to cook dinner. It’s where your pets are—your family. What people most often forget about their home is that it’s also your most valuable financial asset. And, if one of your financial goals includes a testamentary gift to charity, while also receiving substantive income tax deductions, this asset is important.

Insuring Lifetime Income Sufficiency with a Split Annuity

by Fred Leamnson on Nov 7, 2017

Annuities have provided retirees with a safe and secure retirement solution for generations.  Deferred annuities have been a solid way to accumulate retirement assets on a tax deferred basis, and immediate annuities are still considered to be the soundest way to generate a dependable, guaranteed income for life, or for a specified period.

Is a Fixed Annuity Right for You?

by Fred Leamnson on Oct 31, 2017

One of the principal tenets of investing is that no one single investment is right for everyone. Every investment has specific characteristics, risks, and objectives that must match those of the investor, and fixed annuities are no different. Although fixed annuities have become more popular in light of the recent financial turmoil and the carnage it has left behind in retirement accounts, investors should still take care in considering whether they are best suited for them.

Get In shape - Financial Fitness 101

by Fred Leamnson on Oct 24, 2017

We’re all familiar with fitness fanatics, raving about life changing workouts guaranteed to get you into tip top shape. While there is a new fitness craze in the air, it’s time to exercise your wallet. Financial Fitness is a set of goals or programs to help you identify your financial goals, and how to get in the best financial shape of your life.

Smart Taxes: Roth IRA

by Fred Leamnson on Oct 10, 2017

Without fail as Tax Day approaches every year, the mind whirls while you check boxes and fill in numbers about everything you could have, should have, would have done to save more money on taxes. Could you have saved more? Invested better? Been smarter at charitable giving? Probably.

Why Young People Still Need Financial Professionals

by Fred Leamnson on Oct 3, 2017

It’s that time again - the end of a fiscal year and that means tax season is just around the corner. With each passing filing, it seems as though young professionals are turning their backs on financial professionals such as accountants, investors, and advisors, and turning to the technological solutions. But the friendly neighborhood accountant shouldn’t hang up their calculator just yet - young people still need financial professionals.