Finance

As part of his plan to implement federal health care reform, California Gov. Arnold Schwarzenegger signed into law several bills all affecting health insurance in the state. The bill-signing ceremony was held Thursday, Sept. 30. Bill AB 1602, sponsored by Assembly Speaker John Perez (D-Los Angeles) and SB 900, sponsored by Senator Elaine Alquist...
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In an effort to stimulate the economy and loosen funds to spur small business loans, President Obama signed off on H.R. 5927 making it Public Law Number 111-240. The bill was made law on September 27, 2010 just four short months after being sponsored by Representative Barney Frank. In addition to the primary purpose...
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Annuities are financial instruments that allow for payment of an immediate or deferred source of income. These payments are typically paid on a monthly or quarterly basis, and are often used to substitute income earned from a paycheck. Annuity terms and options vary widely, but typically provide income through debt, at which point the...
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As first stated in a January report released by the Middle Class Task Force, the Obama administration is encouraging the promotion of annuities, along with other sources of guaranteed income, for the American worker. In addition, another step forward was made more recently with the enactment of the Small Business Jobs Act. It allows...
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At the time of a person’s death, a living trust controls the distribution of an estate and means avoiding many taxes and fees, depending on the trust used. With a living trust there is a trustee that controls the property that has been given by another person, who is the trustor, which is a...
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Reducing taxes through tax advantaged investing can be an excellent investment choice for many people. However, many of the traditional tax advantaged strategies are no longer available, but there are many alternatives that can still be implemented. Real Estate Real estate partnerships offer two different choices for investments. There is low income housing and...
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Creating an estate to pass on to heirs can take years and years of investing properly and saving as well. Once all the work has been done, you want to make sure that you can preserve all the hard work you’ve done. Life insurance can also be used to add to an estate, as...
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