When you think of financial empowerment, what comes to mind? No matter what your financial situation is, there are 3 key areas to focus on.
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The post The ABCs of Financial Empowerment appeared first on MintLife Blog.
Category: Financial Planning
A Guide to Schedule K-1 (Form 1041)
Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiaryâs share of an estate or trust, including income as well as credits, deductions and profits. … Continue reading →
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Financial Lessons Learned During the Pandemic
As we wrap up this year, it’s important to reflect on positive lessons we want to take into 2021. Here are some of the top financial lessons.
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The post Financial Lessons Learned During the Pandemic appeared first on MintLife Blog.
How to Create a Financial Plan in 11 Steps
Structure is the key to growth. Without a solid foundation â and a road map for the future â itâs easy to spin your wheels and float through life without making any headway. Good planning allows you to prioritize your…
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Whatâs the Difference Between 401(k) and 403(b) Retirement Plans?
Investing in your retirement early is the best way to ensure financial stability as you age, especially when it comes to understanding various retirement options. Getting started may feel overwhelming â luckily weâre here to help. We help break down…
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The post Whatâs the Difference Between 401(k) and 403(b) Retirement Plans? appeared first on MintLife Blog.
The 5 Best Financial New Year’s Resolutions
Change has to start somewhere, and for many people that change is easier to make if the starting point has some meaning. It can be a birthday, an anniversary, or any other date with some symbolic weight. Most commonly, people…
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Steps to Getting A Financial Advisor in your 20s
Getting a financial advisor in your 20s is a responsible thing to do. At the every least, it means that you are serious about your finances. Finding one in your local area is not hard, especially with SmartAsset free matching tool, which can match you up to 3 financial advisors in under 5 minutes. However, …
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The post Steps to Getting A Financial Advisor in your 20s appeared first on GrowthRapidly.
5 Reasons You Need To Hire A Financial Consultant
If you’re a busy individual and have no time for the day-to-day management of your money, you may need to consult a financial consultant. Beyond being busy, however, there are major turning points in your life where working with a financial consultant is absolutely necessary. For instance, if you’re approaching retirement, you’ll have to figure …
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The post 5 Reasons You Need To Hire A Financial Consultant appeared first on GrowthRapidly.
Per Stirpes vs. Per Capita in Estate Planning
When creating an estate plan, one of the most basic documents you may wish to include is a will. If you have a more complicated estate, you might also need to have a trust in place. Both a will and … Continue reading →
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What Is a Fiduciary Deposit Account?
A fiduciary deposit account is an account that’s owned by one or more persons but managed by another. The owner is known as the principal, while the manager is known as the fiduciary. These accounts are sometimes used to handle … Continue reading →
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