Stores Benefit From BuyBack Insurance

When you purchased your smart phone, or your new television, the store you bought it from probably offered to sell you a form of BuyBack insurance. The sales clerk usually will describe all the ways that this insurance can help you. Keep in mind that the sale of the insurance helps the store more than it helps the customers. BuyBack insurance is something that a consumer purchases in order to prevent exposure to certain kinds of risk. Specifically, the BuyBack insurance can help you recover a little money if your smartphone, big screen TV, or computer becomes obsolete shortly after … Continue reading →

Roth IRA: Overview

In 1997 the Taxpayer Relief Act was passed and The Roth Individual Retirement Account (Roth IRA) was created and named in honor of the late Senator William V. Roth, Jr. Roth IRAs are Individual Retirement Accounts opened and managed through a stockbroker, mutual fund, or other provider of investment accounts. A Roth IRA offers an opportunity to invest earnings and avoid taxation. The disadvantage is that taxpayers cannot take a deduction for contributions to the Roth IRA. Some of the Key Points with a Roth IRA include: A tax structure unlike other IRAs: contributions are post-tax, but growth is tax-free; … Continue reading →

Estate Planning and Collections

As collectors we want to pass along our joy for those things we gathered during our lives. Our collections of specific items, antiques, books, dolls as well as any fine art we gather may represent our own lifelong passion. What we collect or acquire during our lives demonstrate individuality and personality. It isn’t very common to see a collector’s heirs carry on with the same understanding, dedication or appreciation of a collection passed-down. It’s important that we think about these valuables in advance and the eventual fate of our collections. Leaving things in the hands of attorneys and executors often … Continue reading →