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College Savings for your Kids as an NRI

Non-Resident Indians (NRIs) are part of the highest-earning ethnicity in America. Most NRI families are worried about kids’ college education and save much of their household income for their children’s college education during their prime years of earning. Additionally, since the income range of NRIs is higher, we often believe that it’s impossible to get […]

Tax-Saving Strategies for Start-Up Businesses

Starting a business has many inherent costs. This article is about comparing creating a new business versus buying a new business/expanding your current business. The tax code states that start-up expenses arise when you spend money to: investigate the creation or acquisition of an active business, create an active business, or engage in a for-profit […]

Limited Liability Company (LLC) – Basics and Tax Structure

Limited liability companies (LLCs) are a popular choice of entity for small businesses and investment activities. LLC owners are called members. Single-member LLCs have one owner, although spouses who jointly own an LLC in a community property state can receive treatment as a single-member LLC for federal income tax purposes. LLCs with two or more […]

Features of Indexed Universal Life Insurance:

Indexed Universal Life (IUL) product works for both protection and build a cash value in the policy. A portion of the policyholder’s premium payments are directed toward annual renewable term insurance with the remainder added to the cash value of the policy after fees are deducted. On a monthly/annual basis, the cash value is credited with interest based on increases in an equity index. These policies leverage call options to gain upside exposure to equity indexes without the risk of losses.

NRI’s preferred insurance plan? Term vs Permanent?

Although term life insurance is already less expensive than permanent life insurance policies, Term life has it own place in financial planning. Whether term life or permanent life is better depends on your situation. Here’s when a term policy might work for you, when : You are looking for protection only for certain number of […]

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