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 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…

There are three approaches to valuing a business: the cost, market and income approaches. In this article, we focus on the market approach, which the International Valuation Glossary — Business Valuation defines as: A general way of estimating a value of an asset, business or investment by using one or more methods that compare the subject to other assets,…