Inheritance Tips For Millenials
201808.01
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Inheritance Tips For Millenials

Garza Legal Group thinks that about $30 trillion in assets (inheritance) will pass from Boomers to their children over the next 3-4 decades. Creating a strategy for this influx of money is imperative. With intelligent planning, you can truly achieve financial stability for the rest of your life. However, loss of a loved one is…

Taxes in Retirement Look Different Than Most People Expect
201807.10
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Taxes in Retirement Look Different Than Most People Expect

Doing your taxes in retirement could be a little more complicated than doing your taxes while working. Depending on your income, Social Security checks may or may not be taxed – let’s talk about those numbers… Plus, you’ll have to pay federal income tax on most retirement plan withdrawals (and state taxes depending on which…

Billionaires Give Financial Advice
201806.13
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Billionaires Give Financial Advice

Before you scoff and roll your eyes, know that this article really is filled with solid financial advice, not pretentious gobbledygook aimed at making you feel bad about yourself.  Start Young For our younger readers, this matters more than almost anything – start early with your financials. Carlos Slim Helú, a Mexican businessman who was…

Divide On Punishing Banks Cutting Ties With Gun Industry
201805.25
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Divide On Punishing Banks Cutting Ties With Gun Industry

Citigroup and Bank of America are cutting ties with the gun industry because recent mass shootings and Republican lawmakers are deciding whether or not these banks should be punished. There’s a large divide (even in Texas), just in time for Dallas hosting the National Rifle Association’s annual convention. The question is whether to cancel government…

What Tax Refund Really Mean
201803.06
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What Tax Refund Really Mean

There are two kinds of people in this world. Those who use their tax refund to take a nice vacation or splurge on something extravagant, and those that catch up on debt or try to bolster their meager savings account. Tax refunds averaged just under $3,000 last year. JP Morgan’s research shows this: People don’t…

What Trump’s Tax Cuts Mean For Dallas
201803.06
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What Trump’s Tax Cuts Mean For Dallas

Love him or hate him, President Donald Trump is about to put more cash in your pocket in 2018. While about 83% of Trump’s tax cut are headed to the wealthiest 1 percent of Americans, middle-income earners should feel a little increase in their checks too – and every bit helps. A married Dallas couple…

Dallas Elite Not Immune to Poverty
201801.11
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Dallas Elite Not Immune to Poverty

This is how poverty dims the prospects for everyone in our city, rich or poor. Dallas enjoyed a long run as one of the fastest-growing, wealthiest metropolitan regions in America. Home to billionaires, five major professional sports teams, two of the nation’s 10 largest companies, etc, highly educated workers travel here for jobs and lower…

Renters Face More Troubles After Hurricane Harvey
201712.18
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Renters Face More Troubles After Hurricane Harvey

After Hurricane Harvey, a neighbor was the first to tell Paige Cane that her landlord had posted an eviction notice on the door of her flooded apartment in Port Arthur, Texas. The 26-year-old was more than 300 miles away with no car, sleeping in a Dallas shelter for evacuees escaping Harvey’s floodwaters. This mother of…

Your favorite mortgage deduction could get cut
201709.16
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Your favorite mortgage deduction could get cut

The mortgage interest tax deduction that everyone loves WAS untouchable — until now. This taxpayer favorite is back on the operating negotiating table as tax reform talks get going (There’s not a lot of time left). We’re not saying that mortgage interest tax deduction will die absolutely, but it could definitely get screwed up in…

Why Insurance Dedicated Funds are Perfect for Investors
201708.02
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Why Insurance Dedicated Funds are Perfect for Investors

by in News

Investors – let’s talk insurance dedicated funds. How it works is fairly simple – a client purchases a private-placement life-insurance policy and the insurance company invests in alternative assets like hedge funds. Any profits would normally be taxed at a capital gains rate, but because it involves an insurance company, the money can grow tax-free….