Financial Asset

Esports Are Exploding: Here Are The 3 Best Stocks To Profit

Esports Are Exploding: Here Are The 3 Best Stocks To Profit

57 million people tuned in to watch a recent professional video-gaming (esports) match. That’s almost 3x more than the 2018 NBA finals. […] Massive sums of cash are pouring into this booming sector.

3 Things That Could Burst Amazon's Trillion Dollar Bubble

3 Things That Could Burst Amazon's Trillion Dollar Bubble

Everyone who has followed Wall Street long enough knows what happens to bubbles in the end. They burst, costing investors who jumped into the market at the wrong time big money.

Managing Debt More Wisely

Managing Debt More Wisely

Borrow wisely and repay strategically, and you can use debt to generate positive returns and cash flow. Borrow too much, unwisely, and you can get into deep financial trouble with a long road to recovery.

IRS & FATCA Hunt Offshore Accounts

IRS & FATCA Hunt Offshore Accounts

If you are a U.S. citizen or resident and have a foreign bank account anywhere, […] you must report worldwide income on your U.S. tax return. If you have an interest in a foreign bank account, check “yes” (on Schedule B).


Tax Reform Sparks Interest In Life Insurance and Secondary Markets

From Forbes.com

With many Americans reviewing their financial situation after the passage of the Tax Cuts and Jobs Act, it is important that any life insurance needs are also reviewed at this time. The reality is that many people do not think about life insurance as a financial asset and don’t review their life insurance needs frequently enough. Individual life insurance policies consist of over $12 trillion in the United States. But many Americans are not well informed about their life insurance needs, policy specifics, or planning options. As your finances change, as your family grows, or when laws change, it is important to review your existing life insurance and to see if you have a heightened need for any more insurance.

The Tax Cuts and Jobs Act made significant changes that impact the use of life insurance as an estate protection vehicle and modified the tax ramifications of selling a life insurance policy on the secondary market as part of a life settlement. From a fundamental life insurance planning standpoint, these changes reduced the need for some individuals to have life insurance to protect an estate from federal estate taxes and improved the tax situation surrounding the sale of a life insurance policy.

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