Your credit report contains information about your past and present credit transactions. It’s used primarily by potential lenders to evaluate your creditworthiness. So if you’re about to apply for credit, especially for something significant like a mortgage, you’ll want to… Read More
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Nonqualified Deferred Compensation (NQDC) Plans: A Primer for Business Owners
A nonqualified deferred compensation (NQDC) plan is an arrangement between an employer and one or more employees to defer the receipt of currently earned compensation. You might want to establish a NQDC plan to provide your employees with benefits in… Read More
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Understanding IRAs
An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits. IRAs are one of the most powerful retirement savings tools available to you. Even if you’re contributing to a 401(k) or other plan at work,… Read More
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3 Things Wealthy Business Owners Do Differently
Much is made of analyzing the personality traits of successful entrepreneurs. Some appear outgoing. Others are introverts. Some lean right, others left. Some are flashy. Others are monk-like with their money. Their diversity can lead one to the conclusion that… Read More
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Special Considerations for Second/Vacation Homes
A rustic cabin. A seaside cottage. Buying a second/vacation home can be an alluring prospect. Before you decide to purchase one, though, you should consider a number of issues. These include the costs associated with owning a second/vacation home, the… Read More
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Is Inflation Transient or Structural?
Inflation has been central to the market narrative for the first half of the year. With consumer prices surging and long-run inflation expectations at multiyear highs, we dissect whether rising inflation is technical, transient, or structural. Investors will continue to… Read More
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Strategic Fit in Mergers & Acquisitions
Strategic fit is defined as “a situation that occurs when a specific project, target company, or product is seen as appropriate with respect to an organization’s overall objectives.” Company executives seeking to expand through a merger or acquisition will look… Read More
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Investing for the Next Decade ( 7 perspectives on what the world in 2030 will look like)
The 2030s may seem like the distant future and certainly not a focus for many of us looking to just make it through these challenging current times. However, we, at BWFA, spend much of our time considering what life will… Read More
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To Borrow or Not to Borrow?
Many clients have enviable cash balances in the bank, and if not, ample invested funds, to draw all at once to purchase large ticket items — homes, cars, boats. In the past, those of us who are in any way… Read More
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Am I Having Enough Withheld?
If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. If you receive an income tax refund, it essentially means that you provided the IRS with an interest-free loan during… Read More
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