A commonly used retirement vehicle for small business owners and self-employed individuals is the simplified employee pension plan, also referred to as SEP. As the name implies, this is a low-hassle way to gain a tax advantage while contributing to their future....
Detroit is a city that has seen many fluctuations in its financial situation. There have been decades when Detroit was the center of manufacturing. There have also been times when the lack of manufacturing led to financial difficulties for many families. Because of...
If you have been on the winning end of a lawsuit recently, chances are that you have received a structured settlement, which for many people is an ideal way to pay for medical bills, lost wages, and any other bills you may have. The downside to these settlements is...
Despite what television tells us, lottery winners or those who have been awarded a huge lawsuit settlement don’t get a big pile of cash as soon as they win. It takes time and settlement payments to get their money . If you can’t wait for those payments, try selling...
Health savings accounts (HSAs) are where you have a savings account that is set aside to pay for healthcare expenses. This means that you, not the insurance company or your employer, own and control the money in the HSA. One of the reasons to consider health savings...