The fiduciary rule, a regulation that required financial advisers to put their clients’ interests ahead of their own, is now dead. When celebrity chef and author Anthony Bourdain died, his will contained a directive leaving his frequent flyer miles to his estranged wife to “dispose of in accordance to what she believes to be his wishes.”
It’s one of the facts of community living: where you have neighbors, you can have problems. There are some things you can do about annoying neighbors and some things that could land you in legal trouble.
In June, a group of restaurants, retailers, and industry associations sent a letter to lawmakers asking them to correct a mistake in the Tax Cuts and Jobs Act (TCJA). The law inadvertently increased the tax burden on a category of business investment called Qualified Improvement Property (QIP).
Are your parents adequately prepared for retirement? If not, are you planning to help them out?
In many families, one or more adult children will step up to help Mom and Dad when they can no longer safely take care of themselves. That could mean time away from your family and job or pitching in financially to cover a variety of expenses.
A college town can be a good place to own rental property. Students are continually rotating through, and even faculty can be a transient group in need of temporary places to live. With dorm costs rising and space at a premium in certain college towns, some parents are investing in off-campus property as a way … Read more
If you’ve ever visited an indoor family entertainment center, like a trampoline park, indoor rock-climbing facility or bounce house, you’ve probably signed a liability waiver agreeing that you can’t hold the facility accountable for any injuries you or your family may suffer. Alternatively, you may have agreed to take your claim to “arbitration” — a … Read more
Lower income tax rates make this an attractive time to convert your traditional IRA into a Roth IRA. By converting, you’ll pay taxes on those funds now instead of at some future (likely higher) rate. The main hurdle will be paying taxes owed. If you convert $50,000 from a traditional IRA to a Roth, your … Read more
Crowdfunding is a growing resource for innovators and entrepreneurs. Typically associated with startup innovations, it’s a way to fund a special project by collecting money from a large group of people in exchange for a future, not-yet-built reward. In concept, crowd-funders get a good deal on your new product while you get the resources to … Read more
What happens to business value when you die? If you’re the CEO of a publicly traded company, stocks typically drop. Investors see risk and volatility and decide to get out before things go sour. If you’re the owner of a privately held business, your entire legacy could evaporate. A sudden death or disability can wreak … Read more
Every day, 77 percent of Americans go online, according to a recent Pew Research Center survey, and most of us maintain at least some kind of digital data in the cloud (whether or not we are aware of it). We save emails, post to social media, and store photos in online albums. All of this … Read more