Avoid Taking Auto Loans For More Than 5 Years – The Negative Equity Wave
There is a negative equity problem building within the U.S. auto industry. Negative equity is when you go to trade in your car for a new one but the outstanding balance on your car loan is GREATER than the value of your car. You have the option to either write a check for the remaining balance on the loan or “roll” the negative equity into your new car loan. More and more consumers are getting caught in this negative equity trap.
How Much Should You Have In An Emergency Fund?
Establishing an emergency fund is an important step in achieving financial stability and growth. Not only does it help protect you when big expenses arise or when a spouse loses a job but it also helps keep your other financial goals on track.
Kiddie Tax & Other Pitfalls When Gifting Assets To Your Kids
Before you gift assets to your children make sure you fully understand the Kiddie Tax rule and other pitfalls associated with making gift to your children……….
Should You Pay Down Debt or Invest Idle Cash?
When you have a large cash reserve, should you take that opportunity to pay down debt or should you invest it? The answer is “it depends”.
It depends on: ….
How Much Does Your Car Insurance Increase When You Add A Teenager To Your Policy?
How much will the cost of your car insurance increase once you add a teenager to your policy. Here are a few strategies for reducing the cost……
When You Make Cash Gifts To Your Children, Who Pays The Tax?
A very common question that we frequently receive from clients is “If I want to make a cash gift to my kids, do I have to pay gift taxes?” The answer to that question depends on number of items such as: The amount of the gift
Do I Have to Pay Tax When I Sell My House?
When you sell your primary residence, and meet certain requirements, you may be able to exclude all or a portion of your capital gain in the property from taxes. In this article, I am going to cover the $250,000
