Financial Planning Insights

Most parents want more for their children than they had. This includes a good college education. However, as the cost of a college education continues to rise, it becomes more out of reach. For this reason, it is important to plan and save for college so that you can afford to help your children reach their goals. Planning financially for college..

The 1031 Exchange is a valuable tool that real estate investors can use to defer capital gains taxes. It takes its name from the section of the IRS Code where it is defined, Section 1031. The basic concept is that of "like-kind" exchange of investment or business property. At its heart, a 1031 Exchange is a trade, but it can be a very complicated..

The world of health insurance is a complicated, often frustrating place. Many companies are interested in offering better, more affordable plans for their employees, but most plans are very similar. The cost of health insurance is prohibitive, the benefits limited, and copays, deductibles, and co-insurance expensive. However, one option to explore..

One of the most important yet often overlooked tasks is estate planning. It isn't pleasant to think about dying and people sometimes think they have plenty of time. However, that can change in a minute and the last thing you want to do is to leave your survivors to deal with all of it. Many people don't prepare because they really don't know where..

The past few months have taken a toll on many of us—whether through the loss of a job, a loved one, building anxiety and concern for finances, or the future of our world—we are all feeling it. There are very few people who haven't felt the effects of the current environment. Perhaps the most concerning is those who are nearing retirement age but..

The coronavirus has wreaked havoc on the economy and particularly on small businesses. The CARES Act was enacted and signed into law on March 27, 2020. The PPP program is being implemented by the Small Business Administration supported by the Department of the Treasury. The program was designed to help small businesses (as defined by the Small..

COVID-19 has changed the way we live and work. For most people, our lives have gotten more 

COVID-19 has affected everyone. We miss our loved ones, many have lost their job, or had a reduction in pay or hours. Parents are making tough choices about schooling options. The demand and price of certain items have us all scratching our heads as to why it is happening. Most of all, the future seems uncertain and we need some advice on where to..

COVID-19 has changed the way many small businesses operate. Depending on the type of business you have, you may have had to shut down while the country was in lockdown. If you operate an essential business, you have been able to stay open, but not without significant operational changes—which can affect your cash flow in COVID-19 times. Having..

COVID-19 has negatively impacted most people. There are very few of us who can say their financial situation has improved in the face of this pandemic. Whether it is a loss of a job, stock market investments, or the loss of a loved one, we are all feeling it in one way or another. So we are all asking the question of how to recover from financial..