A Family Limited Partnership (FLP) is a classic technique to shift income and wealth to future generations. With an FLP, family members pool money to run a business project. Each family member can buy shares for a potential profit.
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When it comes to your investments, understanding the economic landscape is paramount. While inflation often takes the spotlight, other economic situations can also significantly impact your investment strategy. Disinflation, no-inflation, deflation, and stagflation each have unique effects on investment. Understanding how to adjust your strategy to these conditions can help you maximize returns and protect your portfolio.
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Retirement should be a time of freedom and fulfillment, where you can enjoy the rewards of your hard work without financial worry. But do you know exactly how much you can spend each month and year?
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The Employee Retention Credit (ERC) was a lifeline for many businesses struggling during the pandemic. However, with the surge of misinformation and fraudulent claims, the IRS has intensified its review process to protect against improper claims.
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Did you know that over 53 million Americans dedicate an average of 24 hours weekly to caring for elderly family members or those with disabilities? This dedication often comes at a significant personal cost – over $7,000 a year on average.
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