Nearly everyone has at least of Dave Ramsey and his process to get out of debt and build wealth known as the Baby Steps. This is the same process that is taught through his program Financial Peace University. The big question is do Dave Ramsey’s Baby Steps Work? To answer this, it is essential to […]
Top 5 Reasons to Hire a CFP® Professional
Searching for a financial advisor or financial planner in Nashville should represent a fun financial achievement. After all, you are the one who has worked long and hard and made disciplined decisions to be in a position to hire a professional to help you organize your financial life. As you have likely already realized, there are […]
How To Claim Tax Back At A USA Airport
Can you claim your sales tax back at a USA airport after visiting the United States? The answer is actually yes and no at the same time. Government in the United States is complex. While there obviously is a national government, the federal government, each individual state also has its own government. The United States […]
Grantor Trust Taxation and Rules : How does it work?
Having vast sums of money is not a requirement for doing thoughtful effective estate and tax planning. Often times discussions of trusts and taxes intimidate and even scare people into inaction. Do not miss out on potentially huge tax savings. Here’s how. Taxation of the “Grantor” Trust A “grantor trust,” broadly speaking, is a trust […]
When is Buying a House Better than Renting?
The debate continues to rage over whether or buying or renting a home is a better idea. Which side of the discussion you agree with is the result of a unique combination of financial health, time-frame, and personal preferences. The key to when buying a house better than renting is only possible when answered on […]
Paycheck Deductions Explained – Where’s All My Money?
Have you ever tried having your paycheck deductions explained by your employer? Most people have their paycheck direct deposited into their bank account and pay little attention to their pay-stub. The primary factor that affects your paycheck is deductions. Your pay-stub has a wealth of information that you need to understand because it directly affects […]
How do I Get COBRA Insurance and How it Works
Great days ahead! You just signed an offer for your dream job! You are excited and making preparations to begin the journey of a lifetime! Then you realize there is a lag in the insurance benefits enrollment at your new company. What to do? You don’t want to go uninsured. You aren’t sure of the […]
Coverage Ratios
DEBT COVERAGE RATIOS Suppose you are an investor looking at purchasing a corporate bond or an analyst looking at whether a company should be given additional debt. In either case, you are concerned about the ability of the company to repay the bond or the new debt. You could probably say that is your primary […]
The 5 Most Important Roth IRA Rules
When investing for retirement outside of a 401(k) or other employer-sponsored qualified plan, individual retirement accounts are common choices because of their tax savings opportunities. In considering additional retirement investment options such as IRAs, many individuals look to the Roth IRA option. So much of the decision on whether to go with a Roth IRA depends on your income […]
Should You Buy Mortgage Life Insurance? How Does it Work?
There are a lot of different types of insurance out there so it can be hard to decide which ones are the best fit for your current situation in life. If you are a homeowner and have a mortgage, then you might be wondering if you should buy mortgage life insurance. The first step to […]
