As a professional in the oil and gas industry, you likely enjoy a stable income and have accumulated significant assets over the years. However, the industry is also known for its volatility, and the recent global shift toward renewable energy has led to increased uncertainty. That's why it's crucial to have a solid retirement plan in place to protect your financial future.
In honor of Father's Day, we're sharing more financial lessons from famous dads! Have you taken any of this advice?
After college, the average young adult has already accumulated student debt to the tune of around $37,574, in addition to potentially having credit card debt.
A look at some Social Security basics everyone should have in mind as they approach retirement age.
With a bit of time to prepare, you can enter the second half of the year feeling financially confident and on track to meet your goals.
Whether you’re the owner of a small business or a C-suite executive, you’ve worked hard to help your organization grow and succeed. You may have accumulated valuable assets along the way, but it’s estimated that as much as 80% to 90% of them are tied up in your company. And if you’re one of the 48% of business owners without an exit strategy, that could make things difficult when you plan on retiring or otherwise stepping away.
From providing control over how your assets are distributed to helping manage the tax burden imposed on your beneficiaries, there are a number of potential advantages an irrevocable trust can provide. In this guide, we cover the basics of irrevocable trusts and outline reasons why you may consider utilizing one within your estate plan.
Whether you own a small business or you’re a high-level executive at an established enterprise, tax season can be one of the busiest and most stressful times of the year. After all, taxes are a crucial component of your company’s financial picture, and the decisions you make may bear implications for all of your stakeholders – from employees to clients to investors in the company.
If you don’t have a succession plan, you’re not alone: 64% of business owners over the age of 50 haven't made one. But regardless of where you are in life, it’s never a bad idea to create an estate plan or update an existing one to ensure your interests and those of your business are protected.
This blog will talk about what GRATs are and who they might be suitable for, as well as their pros and cons.