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2014 8 Aug
  • Posted by DasBrooks
  • in Strategy
  • Comments Off on Never Too Early to Teach Kids About Money

I did two things right after my son was born that I was pretty proud of. The first was purchasing a whole-life insurance policy to be paid up when he turned 10. The second was opening a savings account in his name.   Twelve years later, the life insurance is paid off and I’m adding ...

2014 6 Aug
  • Posted by DasBrooks
  • in Estates Strategy
  • Comments Off on Pitfalls to Avoid when Inheriting an IRA

IRAs can be tricky when they are passed through inheritance instead of earned as your own. Make a mistake, and you could end up with a tax bill instead of tax-deferred benefits. A few of the most common pitfalls:   Required minimum distributions: Nonspouse beneficiaries must begin taking (and paying tax on) payouts the year ...

2014 4 Aug
  • Posted by DasBrooks
  • in Strategy
  • Comments Off on Business Financing—Don’t Intermingle Funds

A common problem with single-owner and other closely- held corporations is intermingling of funds. This occurs when a corporate shareholder uses his or her personal checking account for corporate deposits or payment of corporate expenses.   Separation of funds can be a key in preserving the liability protection of the corporate veil. Courts can pierce ...

2014 1 Aug
  • Posted by DasBrooks
  • in Uncategorized
  • Comments Off on Things We Like

Occasionally, we will post things we find on other web sites if we think they are useful. Here’s one: http://www.youtube.com/watch?v=hapfclt6mFY   loansdirect –Misty, for Das-Brooks ...

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