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Ok so you own securities in a bankrupt company. If they’re stock, you’re probably going to be wiped out. If you own bonds, you are a creditor in the bankruptcy proceedings. Depending on how the proceedings go, you may get shares or bonds in the company. Or you may get cash as the company sells… Continue reading What do you do when you own bonds or stocks issued by a bankrupt company?

Kickstarter and GoFundMe have made huge waves and created a new road for projects to take to get funded. A lot of bright individuals have had the idea to create similar sites for investments. Real Estate has been a natural target market for this because the large dollar sums and lack of liquidity in many… Continue reading Crowdfunding Real Estate?

Large companies continually change the composition of their balance sheets to use their capital as efficiently as possible and to maximize their profitability. While small business owners can’t issue billion dollar bonds at 2% interest, there are a few things that small businesses can structure their assets. Read more:

It’s a commonly quoted statistic that nearly half of American families have no retirement savings. For many people facing retirement, their homes may be the only asset they have to help fund their post career living expenses. Over the last few years there have been a lot of stories about reverse mortgages where retirees sell… Continue reading Reverse Mortgages for Retirees – Boon or Bane?

Donating money to charities can be a great way for a family to make an impact on their community, and to create a lasting legacy.  Charitable donations can also make sense as a way to eliminate tax liability. Many times, when a family is considering a donation to charity, the donation they will fund the… Continue reading Donor Advised Funds and Foundations

They say that when you’re a hammer, all the world’s a nail. It seems like life insurance salespeople will try to sell you life insurance as a solution to almost any problem you may have. We’ll give you a bit of a quick primer on some of the various ways life insurance is used. These… Continue reading Life Insurance: The Usages

If you’re a small business owner who has a significant income, minimizing your taxes can do a lot to improve your income. There are a number of different shields people use – depreciation, and business expense deductions for example, we won’t go into these, instead in this article, we’ll talk about setting up other companies… Continue reading Side Businesses and Tax Deferral

As long as your articles of incorporation meet these five requirements, and you pay the $125 filing fee, your application should be approved. Setting up a corporation is the easy part though — now that you have a small business of your own, you may need small business financial advice to avoid the pitfalls many… Continue reading Setting Up A Corporation In New York State

If you have recently changed jobs, you’re probably familiar with the W-4 form, where you declare how many exemptions you have, for things like having dependent children, being married, or holding multiple jobs. These allowances are meant to offset the amount of tax withheld, based on approximately how much tax you will be able to… Continue reading Employer Income Tax Withholding: The Basics

If you follow the stock market coverage on CNBC or Bloomberg, or read the Wall Street Journal, you’ve probably seen references to the VIX, especially in politically and economically volatile times like the 2008 financial crisis or last year’s election. While it appears in charts and tickers like a stock or exchange-traded fund, the VIX… Continue reading Investing in Volatility: Understanding the VIX