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Author Archives: James Cavalier
The 457 Retirement Plan
The 457 retirement plan was established for benefit of local and state government employees. The plan also can apply to employees of tax-exempt organizations. The 457 plan is a nonqualified retirement plan with tax deferment compensations similar to 401K plans. The rules of this plan is governed by tax codes. Continue reading
Posted in Financial Planning, Taxes
Tagged 457 Retirement plan, Financial Planning, retire, Retirement, Retirement Plan, Taxes
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Bankruptcy: Common Questions and Answers
Those with debt problems too often subscribe to groundless myths and hearsay without ever understanding the law, and therefore the implications, of bankruptcy. Therefore, those with unmanageable debt should be aware of a few key facts before filing for bankruptcy. After all, how else will they know what life will be like after declaring themselves bankrupt? Let us look briefly at a few implications of liquidation. Continue reading