My dad used to tell me there are two types of taxpayers in this world: tax minimizers and tax evaders. Smart business people are tax minimizers. These business owners do everything they can, within the law, to minimize their taxes. They plan. But dumb business people are tax evaders. Need help telling the difference?
Read more
The spectrum of professionals who claim to offer financial advice is a broad one — so broad, in fact, that it can be difficult to define exactly what "financial planners" are and the kinds of skills they should bring to the table in their work with clients. To call him- or herself a financial planner, a financial professional should be trained and have demonstrated competency in multiple areas of finance, including cash flow, investments, retirement, tax, estate planning, risk management and insurance, and education funding. Here are five initial questions you can ask of your prospective financial planner to make sure you're not just getting lip service.
Read more