First-Time Home Buyers: Take Advantage of These Tax Benefits

  First-time home buyers often feel overwhelmed because of the expenses that need to be paid to buy a home. But, it is important that you don’t overlook some of the financial benefits that are available for the purchase of your first home. With the guidance of an experienced real estate agent, lender, and accountant, […]

You Are A Sole Proprietor: How About A Solo 401(k)

I am seeing more and more people quit the corporate America lifestyle and venture into becoming their own business owner.  This shape of a business owner can be a freelancer, consultant, or someone who actually starts up a ‘brick and mortar’ operation.    Many of these folks will ask questions about whether they should incorporate their business, which I have discussed in other articles.    Once they become profitable, they often ask which kind of retirement plan would suit them the best.   For someone who is a sole business owner, the Solo 401(k) has been around for about a decade and provides a great alternative to helping maximize your retirement contributions.   Here’s a little history on the Solo 401(k) and how it can be a smart money move for your business. The Solo 401k came about in 2002 after Congress passed Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). EGTRRA added some small paragraphs to the tax code that put forward the solo 401(k) as the preferred retirement vehicle for…

The Solo 401(k)- For A Decade A Good Option For The Self-Employed

In the Gen X and Gen Y arena, I am seeing more and more people quit the corporate America lifestyle and venture into becoming their own business owner.  This shape of a business owner can …

Top 10 Ways To Tighten Up Expenses For Business Owners

Top 10 Ways To Tighten Up Expenses For Business Owners
By: Cindy Buie
Sometimes thinking small is the best way to achieve big results. Such is the case for closely-held businesses looking for unique ways …

Top 10 Blunders that could cost you when purchasing a home.

Blunder #1 – Trying to time the market to buy or refuse to buy. There no accurate prediction when it is the right time to buy a home. If you got lender approval and ready for home ownership, then do it. All the time waiting to time the market, you could be building equity, getting […]