I. Introduction “There is sense… a plan behind everything that happens.” (Eating Fire and Drinking Water, 1996) In life, more often than not, we need to make hard choices, to consider people around us for our actions, who are either directly or indirectly connected to us, to shape the kind […]
Jack Prot
Boat & Vessel Title Insurance – Protecting Your Watercraft Investment
Just as real estate titles are subject to record errors, preexisting liens and other encumbrances, vessel and boat titles may have hidden problems which can pose a liability to new vessel owners. The best way for buyers of watercraft vessels, yachts and boats to protect themselves from these liabilities is […]
Making Offers To Buy Investment Real Estate – Buying Equity Or Buying Income
When considering making an investment in real estate, many new investors struggle with what to offer. Part of the challenge for them is deciding what their exit strategy will be. In other words, will they be purchasing the property and then immediately reselling it? Will they sell the contract before […]
Menu Planning – Major Time and Effort Saver
Motto: If you fail to plan, you plan to fail. How do you react when you hear the “what’s for dinner” question? Do you smile, or do you look wearily at your family and give them what you’ve just cooked, too tired to eat yourself? Do you think with resentment […]
Are 529 Plans a Good Idea in This Market?
A 529 Plan is a way to save money for college that can give you some tax breaks. Many people have been worried about investing with the recent market fluctuations. If you already have a 529 plan, you may be worried about your balance dropping with the market. If you […]
How To Prepare A Business Plan That Guarantees Big Profits
It is always said “If you Fail to Plan, you Plan to Fail” Success in business comes as a result of planning. You have to have a detailed, written plan that shows what the ultimate goal is, the reason for the goal, and each milestone that must be passed in […]
Employee Stock Ownership Plans in Business Succession Planning
Small business succession planning is a major challenge and opportunity for community economic development. There are significant and some negative tax consequences following the death of an owner without a succession plan. The sale of existing businesses, even if successful, could result in relocation of the business, dissolution by competitors, […]
To “B” Or Not To “B”: Reflections on Budgeting
First Jeff Yeager in his latest book “The Cheapskate Next Door”, then financial journalist Liz Weston. Now it’s my turn to come out of the closet, so to speak, as a financial professional who doesn’t keep a “budget”, at least not in the traditional way. Don’t get me wrong! As […]