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Posts from the ‘Investments’ Category

Jul 31

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Steps Business Owners, People in Risky Professions and the Average Joe Can Take to Keep Their Assets Safe

In my last article, I (hopefully) explained how incorporating may not provide the liability protection people expect. In this one, I will explore some of the steps we can take to keep family assets safe, most of which don’t involve forming a company.

(a) Planning Ahead

The key factor in any of the steps mentioned in this article is when you take action; if you only start planning to secure your assets after the wolves are already sniffing at your door, then it is likely too late. Our legal system has some scary sounding terms like “fraudulent conveyance” and “fraudulent preference.” These terms apply to transactions like gifting or transferring assets to a family member for less than market value or paying out certain creditors and stiffing others. If a court determines that you have taken steps to thwart those aforementioned creditors after you are already insolvent or have creditors coming after you, then it can set aside the transactions.

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May 31

The Smith Manouevre – Cash Damming’s Aggressive Younger Brother

Introduction

Are you someone who enjoys playing the stock market, looking to reduce your taxes and willing to take some risks? If you have answered yes to all of the above, the Smith Manouevre might be the thing for you. This strategy takes advantage of the equity in your home, cheap, deductible interest and how dividends and capital gains are taxed to build a tax-efficient investment portfolio that hopefully puts you well down the road to financial independence.

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Apr 11

Understanding Deductible Debt – How to Decide What Debt to Pay Down First and How to Create a Bigger Tax Deduction

In today’s expensive world, many of us need to pinch pennies to make ends meet. When times are tight, it may seem like the only way of balancing the books is finding a new job or scaling back your Starbucks addiction. While it still might come to this, there may be some other steps to consider that may allow you to continue enjoying your double chai latte without having to dust off your resume; tax planning can put money back in your pockets and maximizing your deductible interest may be a big contributor to this refund.

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Dec 14

7 Tips To Financial Planning Success

Financial planning can be complicated and usually requires some help from some experts in one or more fields in order to ensure that you are maximizing savings and have no stone left unturned. On the other hand, there are lots of steps you can take on your own to save money, protect your family and increase the chances of achieving financial success. Here are 7 things you can do to put a few more dollars in your pocket and make life easier.

Click here to download.

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