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If there is any better indicator that virtual currencies such as bit coin are here to stay, it is the IRS figuring out how to tax virtual currency. The first step is to define virtual currency, and the next step is to track it. The IRS, in fact, has defined virtual currency. IRS Definition of…
Read MoreUnsustainable debt. Whole nations struggle with how to control it, but you can be debt free by following these six steps. Make a budget. Check what your take home pay is. List your monthly obligations. For this exercise, don’t worry about whether your monthly obligations are over your take home pay, just get the expenses…
Read MoreFall can be a fun time of year, with costume parties, and clam bakes and Octoberfest celebrations. But for people struggling with debt, fall means more stress as the holidays loom around the corner and that one snarky office person brags about having almost all her shopping done. If your debt is not already under…
Read MoreThe clock, a vintage inherited family piece, ticked away the minutes. Cheryl rolled over and saw it was only 3:42 a.m. Another night when the worry she had tucked away in the corner of her mind pushed her into consciousness, only to lay awake listening once again to the old clock as it continued to…
Read MoreRachel (not her real name) owns a children’s clothing store in New York. In recent years Rachel has seen a growth in winter and spring sales, but last winter was the highest demand yet. If Rachel wants to cash in on this growing trend, she will need inventory, but a few months ago, she had…
Read MoreOn June 5, 2019, the SEC implemented Reg BI under the Securities Exchange Act of 1934 establishing a Best interests standard of conduct for broker dealers and staff when recommending any securities transaction or investment strategy involving securities. A relationship summary, or Form CRS, must now be shared with customers so you can make an…
Read MoreYou can read many different opinions on whether Whole Life Insurance is a good investment strategy and the conflicting response can be confusing. It is good to remember that individual situations make different investment vehicles better for some and not others. For example, a whole life policy can make sense for care of a dependent…
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