In past articles we covered investments to have your business pass to second, third and possibly even fourth generations. As you may recall, very few businesses are able to arrange such successions. One alternative might be to gift your business...

Let's face it. We as Americans don't save enough as we should. Recently I read that the average American worker has approximately $35,000 set aside for retirement. Even if your account is much higher, let's say over $100,000 when you...

As a business owner you may be concerned about a few statistics I learned about recently. For example, would it bother you to know that only 30% of family businesses survive into a second generation? Sadly enough it gets worse...

A few articles ago we discussed the idea of addressing Long Term Care needs to address saving your business and passing your business to a second or even a third generation or even successfully transferring your business to another third...

There is a couple called Mike and June Carpenter. (Real names are withheld). They own a small family dental practice. In their building is additional space that is often vacant. Sometimes their real estate expenses have outweighed their rental income. ...

As previously stated if you have any passive activity losses (PAL) on your real estate, then they can only be used to shelter passive income generating investments. In other words, you cannot use your losses against any earned income or...

This title may lead you to believe Bob has gone a little nutsy. On some days you may be right! However, this title is totally accurate. You see the PIG actually stands for Passive Income Generating investments. The PAL really...

There is actually a section of the IRS that's called a 1031 exchange. It's related to real estate. Let's say you have a piece of real estate that you'd like to sell for whatever reason. Assume you invested $50,000 and...

Many business owners you'll speak with mention that it's a good idea to own real estate. We should state at the outset that we're not talking about owning your own home but rather investing in real estate. It could be...

The 401(h) plan works much like a regular 401(k) plan because the money you deposit into this account is 100% tax-deductible. However, the difference lies in the fact when you withdraw these funds to pay for medical costs there are...