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Monday May 6, 2024
Family Business - Sell and Retire
Bill and Alice started their family business many years ago. The early years were very challenging. Both worked without salary and it was a great struggle to finally get the business on a solid financial base. But after three decades of building the business, it now runs very well with an excellent cash flow.
They are now nearing retirement and enjoying this phase of life. Bill and Alice have their home, two IRAs and savings. But a major part of their net worth is the value of the family business. When they retire, they would like to sell part...
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Prepare For Hurricanes, Wildfires and Tornadoes
On May 1, 2024, the Internal Revenue Service (IRS) reminded taxpayers that soon it will be prime season for natural disasters. The National Wildfire Awareness Month is May and National Hurricane Preparedness Week starts May 5, 2024.
All individuals should use this time before the natural disaster season to protect your important tax and financial information. While major disasters normally occur during the summer months, the Federal Emergency Management Agency (FEMA) has already issued 25 Federal disaster declarations for winter storms, flooding, tornadoes, wildfires and landslides in 2024.
There are several helpful tips to protect your personal financial and tax information. Additional information is also...
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Financial Resources for Grandparents Raising Grandchildren
I am raising two of my grandchildren. Are there any programs that financially help grandparents who are raising their grandchildren?
Finances are a common problem for the 2.3 million grandparents who...
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