Do You Pay Capital Gains on Stock Options?
Stock options can be a nice employer perk, but what does that mean for the employees come tax time? We’ll explain capital gains and stock options.
Can a Beneficiary Witness a Will?
A will and testament is an important legal document that allows people to determine how their assets will be distributed after they pass away. The only way to make sure that the will and testament is valid is to have one or more witnesses view the signing of the will. However, not everyone can be a witness. If you're wondering about the possibility of a beneficiary witnessing a will, the following guide provides you with a clear and detailed answer.
What is Schedule C on Tax Form 1040 and What Is It Used For?
Workforce trends continue to shift in favor of the gig economy – roughly 59 million Americans were part of the gig workforce in 2020 and contributed $1.21 trillion, or 5.7 percent, to the U.S. GDP.1
Tenants in Common (TIC) Agreement Form: What Is It and Where Can I Find It?
Tenancy in Common (TIC) arrangements include multiple situations. The configuration can range from two unrelated individuals buying a home to share and live in all the way to 35 people collaborating in the ownership of a significant asset. In any case, the owners each hold title to an undivided, fractional share, and their portions don’t have to be equal. The TIC agreement details the ownership percentages.
What is The First Step in Financial Planning?
The question of what the first step in financial planning is doesn’t have a simple solution. In fact, Forbes’ Finance Council recently asked a selection of financial experts that very question and came up with a diverse group of responses. Their suggestions included these:
Does Sale of Rental Property Go on Form 4797?
Owning rental property can be a great way to earn income, but sometimes investors need or want to sell a property for various reasons. Potential motivators include simplifying your portfolio (or changing the focus), preparing for retirement, and estate planning. Sometimes an investor may need liquid assets for another purpose. Whatever the reason, buying and selling property is an essential aspect of real estate ownership.
How Often Should You Rebalance Your Retirement Portfolio?
Your individual tolerance for risk and investment goals will change over time. Rebalancing your investment portfolio as you age – especially as you near retirement – can help ensure that the mix of assets in your portfolio matches your risk tolerance and investment objectives.
How Does the Ownership Structure of a Tenant-in-Common Property Work?
If you are looking to buy real estate and are currently researching the various ownership options available to you, one type of ownership structure that's oftentimes overlooked involves "tenancy in common," which is a standard legal arrangement for ownership that several investors can enter into. In this article, you'll learn more about tenant-in-common (TIC) properties and how this ownership structure works.
What is a Capital Improvement?
If you have direct ownership of a property used for business or investment, there could come a time when you might want to make a change to it. You might want to add an addition or refloor the asset. These are activities that fall under the category of capital improvement.
How to Create a Retirement Portfolio
Creating a retirement portfolio is sort of like getting dressed in the morning. Personal preference dictates that our choice of outfits won’t be the same, just as no two retirement portfolios will look the same, either.
