Search Results for: blog should you use a financial planner

Do You Have Enough Insurance for Your Home Business?

Health insurance, Life insurance, Home insurance–do you really need insurance for your home business too? Well, like so many things, it all depends on the type of home business you are operating– First, let’s talk about your home owner’s or renter’s insurance–it’s a good idea to look over your policy and talk to your insurance agent to make sure that your business operations are covered. If you are just operating a little home office and not keeping a great deal of product in your home, you may be alright and everything would be covered by your existing policy. However, if … Continue reading →

Should You Get a Financial Planner?

Financial planners are not just for exceedingly rich folks–many actually specialize in working with small business owners and entrepreneurs, or individuals who are at the beginning or middle years of their careers. Have you been wondering if you need some help planning your financial future and making sure all your “ducks are in a row”? Here are some suggestions for evaluating whether or not you’re ready for a financial planner: If you are in business for yourself, you may not have a definite retirement plan. Other individuals I meet who are working to build a business may have dumped the … Continue reading →

Should You Use a Financial Planner?

If you have considered investing your money in stock or in some sort of plan outside of your 401K, then you should consider hiring a financial planner or investment advisor. There are distinct advantages to hiring a company or an individual to act as your financial planner. Generally people who are offering these services have access to a wide variety of investment options. They should be able to explain the risks related to each investment option to you. They should be able to help you plan according to your individual needs. There has been a movement of people doing their … Continue reading →

The Difference Between Saving and Investing: An Important Distinction for Kids to Learn

You can save or you can invest. It is a distinction that many adults struggle with as a concept. How then can kids understand the difference, and why is it so important? Most kids who are introduced to the concepts of money tend to be conservative. They like to hoard as much of their money as they can and save up for things. That is a great phase that can be utilized by parents, caregivers and teachers to teach the value and the responsibility of money. Unfortunately, most kids do not get any instruction past those initial lessons. Many experts … Continue reading →

Keeping Track of Gifts

Is it your job to take care of all the gift giving? It’s always been my job, even when I was married, I was in charge of all birthday, anniversary and Christmas gifts. Just one more thing to keep track of while trying to raise your kids and clean your house! I’m a list maker, if you came to my house you would find lists, if you looked in my purse, you would find more lists, my day planner is basically a list notebook. Things I want to do, things I need to do, things I should have already done. … Continue reading →

Being Flexible

I don’t handle surprises well. So when my ex husband lost his job last month I started feeling a little crazy. You would think now that we’re divorced these things wouldn’t affect me quite as much, but I think the opposite is true. This meant child support was cut in half, which was a huge hit for me since money was already tight. It also meant that our son’s visitation schedule was a little more up in the air. My ex was able to go back to an old job working at a local restaurant, which meant working nights and … Continue reading →

A List of Home Business Ideas

In this blog I am going to just focus on a wide variety of ideas for starting up a home business. Remember that a home business doesn’t necessarily have to be something you do full-time. In fact, it’s probably best to start off on a part-time basis and see where it leads. So here is a list of home business ideas: Accountant Tax Preparer Life Coach Professional Organizer Wedding Planner Party/Event Planner Freelance Writer Bed and Breakfast Childcare Website Designer Resume Writer Proofreader Graphic Designer Financial Planner Housecleaning Service Dog Sitter/Walker Desktop Publishing Medical Transcriptionist Caterer Lawn care/Landscaping Car Restoration … Continue reading →

Estate Planning Tips

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Having a child with special needs means planning for her future more extensively than you would your other children. It also means planning for her day-to-day care after you have passed away. There are many important details to take care of to ensure the best possible life for your child, including estate planning. The laws can be confusing, so you should contact a professional with experience in special needs planning. Here are some tips from the pros: Make a Binder. Bernard A. Krooks, J.D., CPA, LL.M, CELA, is a founding partner of Littman Krooks LLP and an expert on special … Continue reading →

Estate Planning and the Step Family

For too many of us, estate planning is the thing we’re always going to get to but often don’t. It’s like flossing, but with exponentially greater potential for harm. I understand why we procrastinate, believe me I do, but a failure to act in this department can have a devastating effect on your family. Our financial planner had been after us to create an estate plan for a year; as we began preparations for an extended trip through Mexico, it seemed irresponsible not to have something in place. We contacted an attorney who came highly recommended, and blithely scheduled an … Continue reading →

17 Essentials of College Planning by Carolina Pad

Planning for college is exciting but it can also be exhausting and overwhelming. The most important tool in planning for college is organization. When I was in school I once had a teacher say that proper organizational skills alone could raise your grade. Over the years I have found that logic to be sound not only in school but in all areas of life. College is a very important step and scribbling notes on Post-Its or the back of a gum wrapper will not cut it. You need to order your steps to see the greatest success in this process. … Continue reading →