POST CATEGORY : Finance

How to Start an RESP for Your Child’s Future

RESP

Key Takeaways

  • A Registered Education Savings Plan (RESP) offers tax-free investment growth and government grants to help fund higher education.
  • The Canada Education Savings Grant (CESG) adds 20% to annual contributions, up to $500 per year and $7,200 lifetime per child.
  • Families can choose individual or family RESPs, depending on the number of beneficiaries and education goals.
  • Automatic contributions and diversified investments help maintain consistent growth over time through compound interest.
  • RESPs remain flexible even if a child doesn’t attend post-secondary school, with transfer options to an RRSP or extended timelines.
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5 Secure Ways to Enhance Your Online Payment Experience

Woman using online payment platform

photo credit: Mikhail Nilov / Pexels

Key Takeaways

  • Use trusted online payment platforms like PayPal, Apple Pay, or Google Wallet to reduce fraud risks and protect transactions.
  • Enable two-factor authentication on all accounts to block unauthorized access and add an extra layer of security.
  • Keep all software, browsers, and payment apps updated to close vulnerabilities and strengthen encryption.
  • Shop only on secure websites with “https://” and avoid public Wi-Fi when making payments.
  • Regularly check bank statements for suspicious charges and enable instant alerts to detect fraud early.
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Jeremy Durham: The Role of Investors in Real Estate Transactions

Jeremy Durham

photo credit: LinkedIn

Key Takeaways

  • Real estate investors guide projects through every phase—from acquisition and financing to occupancy and management.
  • Market evaluation and due diligence help investors identify profitable opportunities and avoid legal or structural risks.
  • Securing the right financing structure is essential to balancing cash flow, profitability, and long-term investment goals.
  • Compliance with local building codes and fair housing laws safeguards investments and ensures sustainable property value.
  • Strong project oversight and management systems allow investors to expand portfolios efficiently and maintain steady returns.
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Roger Graham of San Antonio: Practical Guidance on Estate Planning Basics

Roger Graham

photo credit: LinkedIn

Key Takeaways

  • Estate planning helps protect family assets and ensures your wishes are legally documented.
  • Essential documents include a will, power of attorney, and healthcare directives.
  • Trusts can provide flexibility, privacy, and potential tax advantages for beneficiaries.
  • Recording debts and assets prevents disputes among heirs and simplifies estate distribution.
  • Gifting and charitable donations can reduce estate taxes and support long-term legacy goals.
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Ronnie Saliba: How Sector Rotation Can Strengthen Portfolio Performance

Ronnie Saliba

photo credit: https://www.linkedin.com/in/ronnie-saliba/

Key Takeaways

  • Sector rotation helps investors adapt to different stages of the economic cycle for stronger portfolio performance.
  • It involves shifting investments between sectors that are expected to perform well based on current market conditions.
  • Data analysis, including GDP, inflation, and earnings reports, is key to identifying promising sectors.
  • Properly executed, sector rotation enhances returns while mitigating risk and protecting capital during downturns.
  • A disciplined, rules-based approach minimizes timing errors and transaction costs.
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Chris Conover of Hudson Valley: Practical Insights on AI in Modern Finance

Chris Conover

Key Takeaways

  • Chris Conover of Hudson Valley emphasizes practical applications of AI in finance for efficiency and transparency.
  • Automation through AI reduces manual workloads via tools like natural language processing and optical character recognition.
  • AI enhances trading by enabling real-time data analysis and faster, more accurate decision-making for financial professionals.
  • Risk management benefits from AI’s ability to detect fraud, anomalies, and irregularities using live data instead of historical trends.
  • AI-driven customer service tools, including chatbots and virtual assistants, improve client engagement and access to information.
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Top 5 Airbnb Lenders in the U.S.: A Complete Review

Airbnb lenders

Key Takeaways

  • Entrepreneurs increasingly invest business profits into Airbnb rentals for passive income and diversification.
  • DSCR loans qualify borrowers based on property cash flow, not personal income or tax returns.
  • Top Airbnb lenders include Ridge Street Capital, Easy Street Capital, Griffin Funding, Lima One Capital, and New Silver.
  • Key loan factors include DSCR thresholds, LTV ratios, credit scores, and lender flexibility on projections.
  • Stress-test deals, review local regulations, and plan exit strategies to protect your Airbnb investments.
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Set Your Business Up for Success With These 5 Financial Tips

Small business CEO

Key Takeaways

  • Strong financial foundations come from repeatable habits, not one-time wins.
  • Maintain a 13-week cash forecast to stay proactive about cash flow and expenses.
  • Protect your business credit and borrow only with a clear, profitable purpose.
  • Insurance is essential for risk management – treat it as a non-negotiable cost of doing business.
  • Keep clean books and invest in marketing systems that reliably convert leads into sales.
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The Need for Tax Attorneys in Financial Planning with Alexander Apostolopoulos

Alexander Apostolopoulos

photo credit: IdeaMensch

Key Takeaways

  • Tax attorneys provide legal and financial strategies to reduce risks and preserve wealth.
  • They help businesses choose the right structure, manage tax obligations, and plan for growth.
  • Estate planning with tax attorneys ensures efficient wealth transfer and minimizes tax exposure.
  • They collaborate with accountants and advisors to create holistic, long-term financial strategies.
  • Unlike accountants, tax attorneys can represent clients in IRS audits, disputes, and litigation.
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How Inflation Affects Investment Assets with Insights from Jay Korff Boston

Jay Korff

Key Takeaways

  • Jay Korff, a Boston-based wealth manager, built a 30-year career at Morgan Stanley, managing over $600 million in assets and mentoring future financial advisors.
  • He earned recognition as the youngest member of the Chairman’s Club and later served as Senior Vice President, specializing in asset allocation, tax strategies, and wealth preservation.
  • Even after retiring in 2010, Korff’s influence persisted through philanthropy, notably supporting the Dana-Farber Cancer Institute.
  • Inflation significantly impacts asset allocation by reducing purchasing power, driving interest rate hikes, and influencing market valuations.
  • Equities, commodities, and inflation-protected securities often act as hedges against inflation, while long-term bonds can lose real value.
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