Bessie Barnes

  • Received An Inheritance? Why You Need Wealth Management Consulting

    If you talk to almost anyone, they'll tell you that it's their dream to receive a monetary windfall. Some fantasize about winning the lottery while others simply hope to come across a suitcase full of cash. Maybe you have had many of these same ideals in the past but never thought they would become a reality. Now that they have, it's up to you to protect your good fortune. Going to sit down with a wealth management consultant can be extremely beneficial.
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  • What Is Qualified Retirement Planning And Its Advantages For Your Business?

    A qualified retirement plan is any of several types of individual retirement plans that allow employees to contribute pre-tax basis for retirement purposes. Investing in a qualified retirement plan can be advantageous because the money invested has already been subject to income tax on the way into the account. These plans are also considered "tax-deferred," meaning that any withdrawals are taxed at the participant's ordinary income tax rate rather than the higher long-term capital gains rates.
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  • How Much Wealth Management Help Do You Need?

    When wealth management firms advertise, they often emphasize how many services they provide. This can create the impression the process is all-encompassing and leave little room for personal creativity or control. The reality is quite a bit different. Wealth management is a set of services that you can select according to your needs. However, this brings you to questions about how much help you require. Here's how you can assess your level of need for assistance managing your wealth.
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  • 3 Crucial Roles Of An Investment Management Service In Growing Your Wealth

    Would you like to build a strong investment portfolio but don't have a good idea where to put your money? There are many investment opportunities, but only a few will match your expectations of wealth growth. An investment management service comes in to help you make good investment decisions and grow your portfolio to achieve your financial goals. These professionals do the heavy work of managing risks on your behalf. How can professional investment management ensure your portfolio keeps growing?
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  • 5 Valuable Goals To Set As You Take Mandatory Credit Counseling

    Are you considering filing for bankruptcy? Then you may know that you are generally required to take a credit counseling course up to six months before you file. While many people view this counseling course as simply a box to be checked off, a smart borrower approaches it with a much more useful perspective. How should you view this mandated step? Here are a few valuable goals to set for yourself.
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  • Using A Program To Manage Your Passwords

    Having effective password security tips can be essential for keeping your personal information safe while you use the internet. Unfortunately, many users will use passwords that are too simple to effectively secure their accounts. The use of a password management program can make it easy to follow the best practices for password security while avoiding the risk of forgetting your passwords. Improve The Security Of Your Password By using password management software, you can avoid the difficulties associated with remembering secure passwords.
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  • 4 Ways to Gift Money to Family and Minimize Taxes

    After a lifetime of earning your money, do you want to help friends and family with it? One key element of giving money or assets to others is to minimize the tax effects both to yourself and the receiver. After all, if your gift is eaten up by taxes, it does less good to either of you. So, how can you give while ensuring the lowest tax bill? Here are a few ways.
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  • Tips For Financial Planning Evaluations During A Crisis

    Financial planning is generally about long-term goals, saving for the future, and deciding what you wanted to do with the money you were able to set aside. However, when things change, your financial planning needs to change as well. For example, in times when everything is unpredictable, such as during a global pandemic, you'll want to be sure that you reconsider your financial planning and reprioritize how you use the cash that you do have.
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  • What You Should Know About Fee-Based Financial Planners

    You might know that you need a little bit of help with your finances, and you might be ready to hire a financial planner to assist you. However, you might not know much about the different types of financial planners and what they all do. Someone might have told you that it's a good idea to hire a fee-based financial planner, but you could be wondering why this is true or what sets these financial planners apart from others.
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  • Are You Saving Too Little?

    Saving money is important for all people. Whether they're saving for retirement, for those emergency situations that pop up in life, or even, as is ideal, for a little bit of both, saving is incredibly important. The key, however, is to make sure you're saving as you go and that you're saving adequately. Fortunately, there are many simple ways to tell if you're saving enough money or not. If you're not sure exactly where you stand, savings-wise, then there are a few things you'll want to think about.
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