Q. I am a small business owner. What types of insurance do I need to protect me and my business, and which retirement plan should I set up?

A. The business owner should always carry a liablilty policy to protect him against any third party law suit. If he has employees, state law mandates that he carry workers compensations and state disability.
The type of retirement plan depends upon the number of employees and what fees and/or charges the employer is willing to deposit to operate the plan.

Q. What are tax credits? Are they guaranteed or variable? Do I need tax credits in my portfolio?

A. Tax credits are specific programs barked by the government which are allowed credits in order to inspire investors. They are government allocated and thus are not variable. They are also not linked to the stock market. Anyone who has federal and/or state taxes deducted from their pay check and do not receive a full refund of their deductions, should look into tax credits.

Q. I am about ready to retire. Which retirement option offered by my employer should I agree to?

A. You should choose the retirement option that best suits your individual needs. You should also base your choice upon who you would prefer to handle your retirement monies that you've worked so long and hard to establish.

Q. What is a 401K or IRA rollover and what fees and taxes will I have to pay?

A. A rollover involves a transfer of all, or a portion of, the monies you have accumulated in your retirement plan to another qualified program. A good financial planner will not charge a fee to organize a rollover. No taxes will be attributed as long as you do not actually take constructive receipt of the funds involved.