About ten years ago, Bitcoin made headlines as a new form of currency that could be mined and traded without a physical presence, and back then, if you said that you held a part of your investment portfolio in the new cryptocurrency, people would have laughed at you. Today, if you do not know about cryptocurrencies you would seem so behind on the times. Whether we like it or not, one thing we have to […]
All employees and entrepreneurs are eligible for the 7702 plan. Basically, this plan may be used as a retirement savings plan, but not so often. This plan derives its name from Section 7702 of the Internal Revenue Code and does not constitute any type of tax-deferred savings plan such as 401(k) or 403(b) plans. Understanding the Section 7702 The section defines the criteria that the cash value of the life insurance policies have to meet […]
With the current market fluctuations mostly due to the pandemic, many people are concerned about their retirement options. In most cases, when there is a recession or when we speculate high chances of a recession, the most natural thing that most people do is to evaluate their retirement savings plan. Statistics show that the majority of Americans say that it is crucial protecting their retirement savings. At least, 72% of Americans agree that it is […]
Undoubtedly, by now we are all familiar with the quote, “think outside the box” but very few people pay attention to what that quote actually means. We rarely question why it is a good thing and how it can be beneficial to your line of work or business. Thinking outside the box means that you are simply allowing more perspective and are willing to view things differently, consider different solutions and methods to fulfill your […]
Saving for retirement is not easy, more so when you are black living in America. As African Americans age, there seems to be an array of health financial problems that converge, posing a potentially devastating impact on their well-being. Compared to the other racial groups in the country, black people are more likely to suffer medical conditions that lead to more complications and insurance as they grow older. These health problems are more exacerbated by […]
