If you’ve recently remodeled your home then there’s a chance you can save on your taxes. In some cases, it’s possible to deduct renovation costs. You may even be able to receive a tax credit for some renovations. If you haven’t renovated your home but you’ve been considering it, take a look at the below […]
Category: Michael Morrow (Page 2 of 3)
“A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences.” – Proverbs 27:12 Every investor understands that the stock market has a rhythm. However, the difficulty lies in being able to predict the market’s cycles. The shrewdest investors are able to accurately identify these cycles and act accordingly. […]
An increasing number of baby boomers are beginning to retire. Some estimates claim that up to 10,000 individuals retire each day in the United States. If you are close to retiring, you should consider the benefits of reverse mortgages. Keep reading to learn what reverse mortgages are and how they can help improve your retirement. […]
Real estate is a popular investment for many people. However, it’s important to recognize that investing as an owner is different than investing as a lender. Furthermore, the investment changes depending on whether you are a majority or minority owner. The type of investment that you make depends on your financial goals and investment mindset. […]
Qualified plans are any kind of employer-sponsored retirement plan or individual retirement plan. The most common employer-sponsored retirement plan is a 401(k). Both 401(k)s and IRAs are wrappers for different kinds of assets. Mutual funds tend to be the most common asset held in qualified plans. This post looks at five elements of qualified plans: […]
Mutual funds are a popular asset that many investors hold. Investopedia defines a mutual fund as “an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets” (Investopedia). This post will take a close look […]
Certificate Of Deposit (CD)CD stands for certificate of deposit. Almost every commercial bank offers CDs. While CDs are known for being a safe place to store your money, they are also known for having very low returns. Below are some important details about CDs that will help you decide if they are right for your […]
A 529 plan is one of the most popular ways to save money for college. The savings plan, which was created in 1996, can be completely tax-free if used properly. The plan takes its name from Section 529 of the Internal Revenue Code. While 529 plans can’t be considered assets, they can be thought of […]
Stocks are one of the most popular assets that investors include in their portfolios. This post will discuss some of the advantages and disadvantages of stocks in relation to five elements: liquidity, risk, cost, rate of return, and taxes. Liquidity If you want to access your cash quickly, then stocks are a good asset to […]
Bonds are a type of loan that an investor gives to an organization or government entity for a specific period of time. Purchasing a bond is like owning the debt of the organization that issues the bond. The organization promises to pay you back for your investment and also pay you an agreed upon interest […]
