Denisa Tova, MBA, CFP,CDFA, ChFC, CLU

Choosing The Right Retirement Plan For Your Business

In today’s uncertain economy, sellers can’t be as choosy as in the “good old days.” Business owners and homeowners generally have to settle for less if they want to sell their business or a home in a timely fashion. That’s why it’s a good idea to put your... Read >

Tax Laws - Taking Care of Elderly Parents and Loved Ones

Are you a typical sandwich generation couple? Just when you are getting ready to take a breather from putting their kids through college, your mom or dad start to develop dementia. Unfortunately, if you are like many Americans, you never took out long-... Read >

Paying Your Student Loans - How To Have Your Loans Forgiven

If you get stuck in trying to pay off your student loans, there are a couple of paths to follow, including loan repayment and loan forgiveness. Let's tackle loan repayment options. First, you should immediately get in touch with the organization that ser... Read >

What Unmarried Couples Need To Know About Money Laws

According to the U.S. Census Bureau, more and more couples choose to stay unmarried. A 2004 study done by the Government Accountability Office reported that married couples were protected by more than 1,100 federal laws. Unmarried couples have no such luc... Read >

Managing Your Finances While Living Abroad

If you work for a large company that has international locations, at some point you make be asked to move to another country to work there. As you make preparations, it is important to plan ahead financially, because living overseas will definitely imp... Read >

Is Your Money Safe If Your Bank Fails?

Federal Deposit Insurance is a type of insurance that protects your deposits if a bank fails. But not all banks are insured. They are required to meet certain standards to qualify for FDIC coverage. Here are the nuts and bolts of FDIC coverage. Accoun... Read >

Tips For Hiring A CPA Or Other Tax Professional

If you are confused about tax laws and money in general, you may want to hire a professional to advise you and assist you. An experienced Certified Public Accountant (CPA) should have the knowledge to answer all your tax questions. They should also be ... Read >

Buying A Home Versus Renting A Home

At first glance, home ownership seems like a no-brainer. Rates are low right now and there is an abundance of attractively priced homes. Go for it! But wait a minute — look before you jump. The recent recession has taught us that homeownership is not for... Read >

Tips For Getting Out Of Debt

The following tips will help get you there. I have personally tried them, and they work. But you’re going to have to put in a little effort. Start by committing to the following two actions: Build cash reserve for future emergencies. Stop overspendi... Read >

Traditional IRA or Roth IRA - Which One Is Best For You?

Here are a couple of advantages of having a Roth IRA instead of a traditional IRA: You can withdraw money tax free. You control when you withdraw your money. No such luck with a traditional IRA. The law says that you have to start withdrawing your m... Read >

Financial Planning for Retirement

By now, you should be in a habit of making regular contributions to your retirement. Those contributions are ideally 20 percent of your monthly income. You may have heard a rule of thumb of shooting for 70 to 80 percent of your current income to enjoy ... Read >

Is A Survivor Benefit Program A Good Choice For You?

Since your military pension ends when you die, you are trying to determine the most cost-effective way to replace that income. Your options are to either elect the Survivor Benefit Program or secure enough life insurance coverage to replace the loss of yo... Read >

Getting The Most From Your 401(k)

If your company offers a 401(k) plan, take it. Saving for your retirement just doesn't get any easier than that. You don't have to decide to put the money away - it is automatically deducted from each paycheck. This completely removes temptation to blow i... Read >

Investing Tips: What To Do Before You Invest

I can’t tell you how many times I have taken a call from a disgruntled consumer who got stuck in an unwanted investment and wanted to know how to get out. Unfortunately, in the majority of these cases the damage was already done, and the only choice left ... Read >

The Pros And Cons Of Reverse Mortgages

A reverse mortgage works like a traditional mortgage, only the other way around. Instead of a borrower making payments to a lender, the lender makes payments to the borrower against the equity in the home. You can take the payments in one lump sum, use it... Read >