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Deferred compensation plans are great tools to help you save for retirement and build wealth. In the following guide, we will look at the differences between qualified and non-qualified deferred compensation plans, including benefits and drawbacks of each, so you can decide which plan is right for you. Read on to find out more. read more.
If you invest in real estate, then you will want to consider using cost segregation as a tax savings strategy. read more.
If you pay care expenses for a dependent child or adult in your household, you may be eligible for the child and dependent care credit. In the following guide, we cover everything you need to know about the child and dependent care credit (CDCC), including what it is, who and what expenses qualify, how much the credit is worth, and read more.
Have you considered opening an individual retirement account for your kids? In the following article, learn about the benefits of starting an IRA for your children, which type of IRA is preferable for young savers, how to open an account, and important rules to follow. Read on to find out more. Can Children Have Their Own IRA? The short answer read more.
Do you want to hire your children to work for the family business? In the following guide, we share everything you need to know about hiring your children as employees. Keep reading to learn more. read more.
Whether you have a toddler or a teenager, it is never too early to begin saving money for your child’s future education. In the following guide, learn how a 529 plan can help you put away tax-free money for your child’s future educational expenses. Read on to learn more. read more.
While you are probably familiar with traditional retirement plans like a 401(k), you may not know about another excellent choice for retirement savings called a cash balance plan. Read more to find out if this is the right plan for you. read more.
Did you ever wonder how the federal government determines the amount of taxes you owe on your annual income? The W-4 Form is the answer. read more.
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