Anyone with a little business and financial knowledge can do a quick-and-dirty calculation using a industry rule of thumb, such as multiple of annual sales or earnings. But experienced valuation professionals apply tested valuation approaches that are based on real world market data — and they also possess strong verbal and written communication skills that enable them…
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Building for the Future: IRAs for Teens and Young Adults
More than half of 16-to-24-year-olds are employed, according to the most recent statistics from the U.S. Bureau of Labor Statistics. A job can teach your young adult child or grandchild how to be financially responsible. But why not encourage them to take it to the next level by saving for retirement? Teens and young adults with…
An ILIT Can Make Your Estate Plan More Tax Efficient
An irrevocable life insurance trust (ILIT) is a straightforward solution for a common estate-planning problem. Because life insurance is included in the taxable estate when a policyholder dies, it can be subject to estate tax. So if you have life insurance — and according to the Life Insurance Marketing and Research Association, more that half of…