Newlyweds have a lot to think about after getting married, and taxes aren’t always at the top of the list. However, it is always important for a new couple to consider how the nuptials may affect their tax situation and filing status. CRI has some tips to help you plan for your new life ahead. [...]
Stock market crashes. Healthcare emergencies. Investment nightmares. Many Americans who had built a nest egg that they thought would ensure a comfortable retirement have found themselves suddenly scrambling to refill their retirement fund coffers after these types of unexpected crises. Is a healthy retirement still achievable after such a blow? Yes, but building a healthy [...]
Debt is a reality for many Americans. Consider the following statistics from consumer information provider ValuePenguin: The average amount of credit card debt in America is $5,700. More than one-third of all American households have credit card debt. The total outstanding U.S. consumer debt is $3.9 trillion. Many individuals find themselves underestimating or ignoring their [...]
Last year’s Black Friday weekend estimated that more than 154 million shoppers spent an average of $290 each — both online and in stores, according to the National Retail Federation. Online sales hit a record high. If you plan to participate during this year’s biggest holiday shopping weekend, then review these five savvy Black Friday shopping [...]
When a disaster of any kind damages a home or a business, the owners’ first reaction may be to reach for something that makes them feel protected — much like the feeling of burrowing under a comfortable blanket. Below are “financial protection blankets” that individuals, businesses, or both can purchase to protect themselves from property [...]
Many small business owners tend to think, “I am the business, and the business is me.” Though conceptually this may be true, it is critical to keep the financial fruits of your business separate from your personal endeavors – especially from a legal and accounting standpoint. Taking the time and effort to maintain autonomy between [...]
When you're in a serious situation, you may think to phone a friend or a family member. But do you ever think to call your CPA? Watch as Brian Faircloth describes five circumstances in which your CPA should be the first person to call.
A succession plan outlines the process for changing control of a business when the owner(s) step(s) down from leadership while continuing business operations. Watch Michael Scott explain why it's never too early to begin succession planning.
Control-Alt-Delete allows users to close a computer application that isn't functioning properly. But what happens when your finances aren't functioning properly due to consumer debt? Watch as Louise Anderson and Scott Abrams discuss the four types of consumer debt, as well as smart ways to re-boot your finances.
According to the Federal Reserve’s latest Report on the Economic Well-Being of U.S. Households, 30% of non-retired respondents have no retirement savings or pension – including nearly 20% of those ages 54-64. Finding a plan that suits your individual needs is the key to planning for your retirement. Watch as Michelle Stinnett and [...]
Succession planning is critical to any business’ long-term success. Being realistic and prepared are the keys to the success of a succession plan. Watch David Oliver discuss succession planning and the benefits of being prepared for the unexpected.
Much like a Swiss Army knife, life insurance is a versatile and powerful tool that can be used in a variety of ways to provide for the future financial needs of loved ones. And, with advance planning, policyholders can take advantage of many benefits while also maximizing life insurance tax strategies. However, life insurance is [...]
Estate planning has typically been a complex process with intersecting dollars and family members. Deciding who gets what is difficult enough when it comes to money, personal property, and family heirlooms. But now there is another estate planning consideration: digital assets. Weaving Online Digital Assets Together Digital assets run the gamut from online banking account [...]
Beginning in 2015, the IRS is changing the lineup on the retirement savings game. Announced in March and clarified in November, new rules controlling IRA rollovers make careful attention a necessity for individuals who play ball using the tax-advantaged retirement accounts. As of January 1, 2015, only one IRA-to-IRA rollover is permitted per taxpayer per [...]
The New Year is typically filled with aspirations for future success. While losing weight is still the most popular New Year's resolution, getting into better fiscal shape appears on most people’s lists, too. Like physical fitness, true financial fitness takes ongoing effort in all seasons, but getting off on the right foot feels good. So as a [...]