Maximizing Retirement Plan Contributions for Small Businesses
Along with making money with their business, most small business owners also try to minimize income taxes and grow their wealth. Qualified retirement plans present an excellent opportunity to accomplish these last two objectives. While the rules for retirement plans can be confusing and you may want to consult qualified tax and investment advisors, here are some guidelines that can prepare you for those conversations.
Investing in Municipal Bonds
You may want to consider municipal bonds as part of the fixed income portion of your investment portfolio. States, cities, and other local authorities issue municipal bonds (munis) to fund their general activities or to fund a specific project. Their interest is exempt from federal income tax and may be free from state tax if the bonds are from your home state.
Protecting Against Investment Scams on the Internet
The Internet has become the communication channel of choice for many investors. It is a convenient way to communicate with investment providers and investigate investment opportunities.
Preparing for Major Financial Events
Many life events are directly related to (or cause) financial events that are faced at the same time. Preparing for the financial aspects of these events can help to reduce the stress that often accompanies major changes.