Windfall Wisdom: How To Manage A Large Inheritance

2017-07-02 16_05_40-Free stock photo of buy, cash, coinsIt’s a nice problem to have, but a problem nonetheless: What do you do with your windfall if you have received – or are expecting to receive – a large inheritance? Today’s article tackles the complexities of this issue, noting that “even if you have a lot of investing experience, there are plenty of tax and legal pitfalls that can trip you up.” How can you go about building a team to help you manage your inheritance? How does what you’ve inherited affect what the best thing to do with that inheritance is? And why does the author recommend a “spending timeout” following an inheritance? CLICK HERE to find out.

Read More

A 3-Step Test To Keep “Dividend Disasters” From Impacting Your Retirement

2017-07-02 16_02_40-Person Answering Test Paper · Free Stock PhotoIncome investors who bought Mattel stock due to its attractive 6% yield were crushed when the company recently announced a dramatic 61% dividend cut. For those who want to avoid becoming the victims of such “dividend disasters” themselves, the author of today’s article outlines a 3-step test to employ when it comes to dividend-paying stocks. To learn more about this test – including which industries the author states income investors should generally be staying away from right now (and how to identify the exceptions within those industries) – CLICK HERE.

Read More

As They Increase In Importance, Be Aware Of These Health Savings Account Pitfalls

2017-07-02 15_59_43-Gray and Orange Backpack Worn by Man at Mountain · Free Stock PhotoAs Republican lawmakers haggle over the details of their Obamacare replacement plan, one thing that is certain is that, whatever the final product ends up being, health savings accounts (HSAs) will be a major component. And with them offering a “tax trifecta” of pre-tax contributions, tax-free growth and tax-free withdrawals (for qualified medical expenses), the use of HSAs has already been growing fast. But the author of today’s article cautions that there are some lesser-known HSA pitfalls people need to be aware of. To find out what these are – including why “unlike most personal-finance situations, with an HSA it may not be better to shop around” – CLICK HERE.

Read More