Make your money work for you
If at age 25 you deposit $100 a month into a mutual fund with an annualized return of 10% a year, you’ll have about $640,000 when you’re 65. You’ll have deposited a total of $48,000 of your own money. On the other hand, if you procrastinate and wait until you’re 40 to start saving, you’ll […]
Understanding Charitable Lead Trusts
Looking for a smarter way to give? The charitable lead trust may be right for you. This video explains the advantages of setting up a CLT to benefit a preferred non-profit organization. NOTE: Consult a tax professional for advice specific to your situation.
10 year-end tax tips for 2017
Here are 10 things to consider as you weigh potential tax moves between now and the end of the year. 1. Set aside time to plan Effective planning requires that you have a good understanding of your current tax situation, as well as a reasonable estimate of how your circumstances might change next year. There’s […]
Stakeholders press energy companies doing business with Myanmar to address Rohingya crisis
Investors with more than $53 billion in assets sign letters calling for an end to ‘business as usual’ in light of military crackdown Falls Church, Va., 10/23/17 — A group of investors and stakeholders has called on energy companies doing business in Myanmar/Burma to reassess their dealings in light of that country’s brutal military crackdown […]
Health care investing in a ‘post-Obamacare’ world
President Trump announced on October 16 that the Affordable Care Act, commonly known as Obamacare, is “dead.” How should investors interpret this new level of uncertainty introduced into the health care system? First, it’s important to clarify that Obamacare is still the law of the land and that taxpayers will pay a penalty if they […]
Understanding Riba
Riba is a fundamental and often misunderstood term in Islamic finance. This video will help you learn what it is, where it is found, and how to avoid it.
How to respond to fraud or a data breach
Time is of the essence, whether your personal data has been compromised as part of a larger targeted cyberattack or you are the victim of fraud or an individual cybercrime. You’ll need to take immediate action to minimize the impacts. These are steps you should take within specified time frames after discovering your data has […]
How to stay protected after the Equifax hack
Did you know that someone’s identity is stolen every 2-3 seconds? Or that the average loss per identity theft is around $5,000? How about the fact that it takes an average of 600 hours to recover from identity theft? Fraud and identify theft are a growth industry. As evidenced by the recent Equifax hack exposing […]
Three strategies to reduce your RMDs
Nothing lasts forever, not even the tax deferral on your IRA. When you turn 70½, the government will require that you withdraw money from your IRA; those withdrawals are known as required minimum distributions, or RMDs. But what if you don’t need the money? What if you want to avoid a tax hit? Here are […]
What the Lehman Brothers anniversary teaches us about Islamic finance
Nine years ago this month, Lehman Brothers investment bank filed for Chapter 11 bankruptcy, triggering a global financial crisis in earnest as millions of families lost their homes, savings, and jobs. Though most of the world has since recovered from the crisis, it benefits us all to consider measures to prevent similar problems in the […]
