A like-kind exchange, sometimes called a 1031 exchange after the section of the Internal Revenue Code that governs these transactions, is the exchange of one business or investment property for another. Provided the property you receive is of a "like kind" to the property you transfer, and all other requirements are met, no gain or loss is recognized on the...
Most of the time, you manage your money successfully, handling your day-to-day finances and saving and investing for the future. But nobody's perfect. Even if you've made some of the following money mistakes, there's plenty you can do to get your finances back on track.
Mistake #1: Ignoring your credit rating
One of the most common mistakes women make is...
Congress recently approved a tax credit for first-time homebuyers that can be worth up to $7,500. The credit, however, acts more like a no-interest loan because it must be repaid to the government over 15 years. First-time homebuyers can begin planning in 2009 to take advantage of a new tax credit included in the recently enacted Housing and Economic Recovery...
This will be the first of numerous segments discussing portfolio allocation, and recommendations in an volatile environment. Please feel free to email us with questions/comments.
What is Asset Allocation?
At the base of any portfolio allocation is the premise that the best-performing asset varies from year to year and is not easily predictable. At...
So what is the proper allocation for you to achieve the risk adjusted return that you desire? Well, the first that you should probably determine is how much risk are you willing to take? Shaping an asset allocation is going to be largely impacted by your personality -- will you be able to sleep at night knowing that your money...
