You may want to keep your business in the family, as opposed to selling it to an outside party or another business. If this is your plan, you should be aware of some of the issues that can contribute to the success or the failure of the business as it is transferred to the successor generation. Some [...]
You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child's education at the same time can be a challenge. But take heart — you may be able to reach both goals if you make [...]
An annuity is a contract between you, the purchaser or owner, and an insurance company, the annuity issuer. In its simplest form, you pay money to an annuity issuer, and the issuer pays out the principal and earnings back to you or to a named beneficiary. Life insurance companies first developed ann [...]
The act of giving away your property, either during life or at death, will probably be subject to one or more of several types of taxes (collectively referred to here as estate taxes), either on the federal level, state level, or both. These tax liabilities may be the largest potential expenses you [...]
Did you know life insurance is more than an emergency plan? Life insurance can be used in the future, but more importantly, it can be used now. Find out why you’re never too young to buy life insurance with 23-year old Entrepreneur and Author, Caleb Guilliams. Real Wealth® is an online radi [...]
In times of crisis, you don't want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you're protected when a financial emergency arises. One way to accomplish this is by setting up a cash reserve, a pool of readily available funds that can help you mee [...]
Dear Valued Client, In this rapidly changing situation, I want to assure you Woodmen Financial Resources is maintaining regular business operations to ensure we continue to serve you. First, I wish you, your family, and your community well during this unprecedented time. The health and safety of our [...]
After all your bills are paid, what do you do with the leftovers? Do you put it into a savings account or into a 401k? This week, Financial Professional Dave Alison has some great suggestions on “the order of saving” your money! Real Wealth® is an online radio program with a purpose to educ [...]
Olympian Winner Paul Kingsman didn’t read a book on how to swim and then dive into the water to win a gold medal, so why do so many of us assume that we can treat our finances that way? On this week’s episode, New Zealand Olympian Athlete urges how important it is to work with a coach and get guidan [...]
Employers can offer 401(k) plan participants the opportunity to make Roth 401(k) contributions. If you're lucky enough to work for an employer who offers this option, Roth contributions could play an important role in maximizing your retirement income. What is a Roth 401(k)? A Roth 401(k) is simply [...]
