I often come across some version of this question on social media. It goes something like this: “I am going to be doing some moonlighting. Should I open an LLC or an S corp? Which one protects me more from
There was an overwhelming response to the post on How to Open a Roth IRA for Kids. To do so, your child needs earned income. What better way to accomplish that than them working for your own small business? Today,
Today we continue our 5-minute version of The Opposite of Spoiled, Ron Lieber’s outstanding book on raising decent, grounded kids with good values around money and life. If you missed Part 1, catch it here. In about 6000 words, I
I first read this fantastic book a couple of years ago and was blown away by all the smart, practical tips in it for parents looking to raise kids who are “grounded, generous and smart about money”. I wanted to
As parents we want to make sure that we’re getting our children ready for the world, almost as soon as they’re born. Financial savvy is somewhere right at the top of that list. The good thing is, kids do begin
The IRS refers to the Individual 401(k) as a one-participant 401(k). Also known as a Solo-k or Uni-k, the Individual 401(k) is the basic retirement account for the self-employed individual who has no employees. Eligibility requirements You must be self-employed
Let’s continue last week’s discussion on Asset Allocation here in Part 2. Slice and Dice Portfolio We left off in Part 1 of Asset Allocation: The Basics with considering asset sub-classes within equities to consider, if you want to slice
You’re sitting down to write your Investment Policy Statement. You have a couple of hours set aside for it, and your favorite mug is steaming or fizzing full of your favorite beverage. You know your goals- how much you need
In what is news no more, there’s a change to the PPP loan program. Specifically, to the forgiveness process. Here is the latest update on PPP Loan Forgiveness. Since almost the very beginning of the program, business lobbies have been
On October 1st, 2020, the Department of Health and Human Services (HHS) announced a new $20 Billion in funding for healthcare providers at the frontier of the fight against the COVID pandemic. This is being referred to as Provider Relief
It’s par for the course for every financial blogger to put it out there in the universe what stupid doctor financial mistakes they’ve made. It’s my turn now. We do this only to emphasize, over and over, that we’ve all
You need an Investment Policy Statement. Do you have one? If you said no, you’re not alone. Neither did I, until now. The White Coat Investor has been harping on this for nearly a decade. I admired his elegant IPS