Tag: investing
-
Should I Take a 401k Loan? When a 401k Loan Might (and Might Not) Make Sense.
When it comes to debt, a 401k loan is a gray area in personal finance. These loans are not perceived as bad as credit card debt, but they also do not fit in the “good debt” category, as a low-interest rate mortgage would. So, how bad are 401k loans really? Are they a tool worth…
-
How are My Inheritances Taxed? The Tax Side of Inheritances (Especially in Kentucky).
Those who have experienced settling an estate have seen how many different financial accounts and policies people can have. Passing away with stock, retirement accounts, life insurance policies, real estate, and other assets can create confusion and uncertainty about what is taxable. Specifically for beneficiaries who may not be directly involved, or those who have…
-
Should We Set Up a Trust for Tax Purposes? Death, Taxes, and the Trust That Could Solve Both.
Estate Planning is always a difficult but necessary step to complete in your financial plan. Couple that with major tax implications, and you will quickly see why it is important to keep your estate plan updated. Many owners and families often ask whether they need a trust. I have written about trusts before, but mainly…
-
Are My Investments Right for Me? Why Investment Planning is So Important.
Investing may arguably be the most popular financial planning topic. Most people roughly understand what investing is and have heard about the stock market before. If you interviewed 1,000 people closest to me (or any financial professional really), I bet the majority would say I do “something with stocks” or “something with taxes”. While they…
TC Falkner 