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1
New Ways to Invest in Small Businesses
2
Which Retirement Account Should I Fund?
3
Vacation Home Rentals and Your Income Taxes
4
Estate Planning is the Ultimate Gift for Adult Kids
5
Market Update: What You Need To Know

New Ways to Invest in Small Businesses

When nonprofessional investors are able to put money into small businesses, everyone can benefit.

I met with Paul on Tuesday. He is the CFO of a business start-up. He’s not sure if the next phase of his company’s financing is going to go through. Although he believes in the business model and the mission of the company, some days he thinks he won’t have a job in three weeks.
I met with David on Wednesday. While he’s a great saver and earns a decent buck, he isn’t wealthy. He wants to invest in small companies so much that we’ve set… Read More

Which Retirement Account Should I Fund?

There are several types of retirement accounts. Which account you should fund depends on your circumstances. However, here are some general guidelines you can follow to make your decision.

First, fund your 401k or 403b if you have a match. Select the Roth side if available. If not, fund the Traditional.

Many employers sponsor a contribution plan such as a 401k or a 403b. Some also offer a match program whereby the employer matches an employee’s contributions.

An example of this would be for the first 3% of the employee’s salary contributed, the employer matches the contribution and then …

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Vacation Home Rentals and Your Income Taxes

You may have a vacation home that you only spend a small amount of time at each year, and the rest of the time you rent the home out to other folks who wish to vacation in your little slice of heaven. The rents that you receive is considered taxable income, to the extent that it exceeds the applicable expenses. Plus, if the vacation home is partly used for your own purposes, the expenses (allocated to the time the property is rented) cannot exceed the amount of rent income from the property (you can’t claim a loss).

Recently the IRS …

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Estate Planning is the Ultimate Gift for Adult Kids

Your adult child’s birthday is coming up, and you’re experiencing the annual quandary: What will I give this year? Let me suggest a gift your kids would never, ever think of getting for themselves, but which could possibly even save their lives. The gift: estate planning documents. That’s right: […]

The post Estate Planning is the Ultimate Gift for Adult Kids appeared first on Chamberlain Financial Planning & Wealth Management.…

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Market Update: What You Need To Know

The decline in stock market values has been quite broad-based around the globe the past couple of weeks, accelerating in the past two days. Although it can be disconcerting at times, our message remains the same: focus on the long-term and on what you can control.

Is this Normal?
There have been over 1,000 trading days in the US stock market between its 2011 correction and the one we’re in the midst of presently. This is an extraordinary length of time for the markets to rise essentially uninterrupted. Historically, you would expect a 10-25% correction in the stock market every …

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