You’ve heard of the gender income gap, but do you know what the gender wealth gap is? At the end of their careers, according to U.S. News & World Report, women lag behind their male counterparts in retirement savings to the tune of $1 million.
If you live in a high tax state (like CA, NY, or NJ) and are a high-earner (over $120,000 for singles and $199,00 for a couple)[i] there is a good chance you will see your taxes going up. Due to earnings caps on certain investment strategies, you may not have thought too much about a Roth IRA. This article will go over what is called “The Rich Person’s Roth” which is a gauche name for cash value life insurance, or Life Insurance Retirement Plans (LIRP) which could be a useful investment option for those who make too much to use a traditional Roth and want the tax saving and retirement benefits.
What is your exit strategy?
Your company is ripe for sale. Now what? These days, your children or employees may not necessarily want to take over your business, but you still want to sell your business. So, what’s a successful entrepreneur to do?
Women are stepping up their games in all areas of life. They are being more outspoken than ever when it comes to the creation of change—for the better. They are building networks and combining efforts like never before. And, they are breaking records.
Are you wondering what the market did for the first quarter of 2019? Download our 1st quarter market update to read all about it.
Finances are complicated for some of us. That’s okay, we’ve all been there. Featured today are some real-life financial mistakes that real people have made, that they’ve learned from, that they want you to also learn from so you don’t make the same mistakes. (Or if you’ve made these same mistakes, just know that you’re not the only one!
By Eric Kinaitis