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What do you get when you cross art with the technology behind digital currencies such as bitcoin? The answer is a “Non-Fungible Token” or NFT.

Most businesses require capital, especially during their start-up and growth phase. While some small businesses – especially service businesses like consulting

The home office deduction is probably the most misunderstood deduction – misunderstood by non-tax professionals, of course – among all the entries in the tax code.

The pandemic led to many people retiring earlier they had planned, in part because so many businesses had to shrink their payrolls in response to the lockdowns. As the pandemic has eased, now the American economy has a labor shortage problem

Have you thought about retirement? If you’re like most business owners, unless you’re within 10 years of the normal retirement date, you probably haven’t given it serious thought.

One of the hot estate planning strategies earlier in this century was to name a minor child as the surviving beneficiary of an IRA. The child would have to take Required Minimum Distributions (RMDs) from the IRA every year

One of the biggest misconceptions I come across in the financial advice industry is that as you get older, you must reduce your allocation to stocks. While this philosophy might be grounded in some truth, it oversimplifies the reality.

According to the AARP, Americans donated more than $470 billion to charity in 2020. Charity fraud is a type of imposter scam, the No. 1 source of fraud reported to the Federal Trade Commission. Fake charities try to take advantage of your generosity and compassion for others in need.

Digital banking has come a long way in recent years, and now it can offer many ways for you to stay on top of your business needs.

Just remember that there is no legitimate reason for anyone to pay more than the accepted price. Never agree to forward money to someone you don’t know on behalf of a “buyer.” Even if the funds are real, you could be implicated in money laundering.

In 2019, Congress revisited the rules for qualified retirement plans and IRAs, with an eye toward boosting retirement savings. To that end, the age limit of 70½ for making a contribution to a traditional, deductible IRA was eliminated. However, one still must have “earned” income to make any IRA contribution – income from investments, pensions, gifts, and Social Security benefits does not count. 

Thanks to the Internet and YouTube, doing it yourself has taken on a new life. For example, a young person we know was able to diagnose a problem with his clothes dryer, then order the key part and install it, thus saving the cost of an in-home repair. Information that once might have been hard to find outside of specialized publications has become accessible to everyone. But there are limits to self-empowerment. One area in which some people may be overconfident is financial management. There is more to financial planning than setting some goals and pinching some pennies.

There are many ways to save for your retirement, and the time-tested 401(k) is one of the most popular. The retirement account, however, is still underutilized. A whopping 59% of employed Americans have access to a 401(k), and yet only 32% are investing in one.

If you’re in debt — even a little bit — don’t worry, because you’re not alone. More than 80% of Americans are in debt, some with small and manageable debts, and some with debts that loom over them like a storm cloud.

Name an emergency situation with a relatively large price tag. If you answered roof repair or replacement (or any major home repair), a new transmission for your car, emergency medical expenses not covered by insurance, or living expenses after a job loss, you have a good understanding of what an emergency fund can be used for — and how important it is to have one.