What is Travel Insurance? Insights from Veronica Knapp

Veronica Knapp

TL;DR

  • Travel insurance covers unexpected losses while traveling, from minor delays to major medical emergencies and trip cancellations.
  • Costs typically range from 4–10% of a trip’s total price, making it a valuable safeguard for expensive travel.
  • Coverage varies by plan and may exclude certain items, pre-existing conditions, or specific causes of loss.
  • Travel insurance can be purchased through agents, brokers, airlines, cruise lines, and private insurers—often soon after booking travel.
  • Three main types exist: comprehensive, travel medical, and annual plans, each offering different levels of protection and flexibility.
  • Consulting a travel insurance agent helps ensure you understand plan benefits, limitations, and requirements before purchasing.
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Integrating AI into Finance and Wealth Management with Mark Lezanic

Mark Lezanic

photo credit: PrincipalPost.com

TL;DR

  • Mark Lezanic, a Florida-based wealth manager, integrates AI to help high-net-worth individuals manage complex portfolios and tax strategies.
  • AI investment tools are transforming wealth management, with 80% of retail investors expected to use them by 2028.
  • Machine Learning (ML) analyzes large financial datasets to optimize asset allocation and predict market movements.
  • Natural Language Processing (NLP) connects AI insights to market news, client goals, and real-time sentiment data.
  • Robotic Process Automation (RPA) automates routine tasks like reporting and data reconciliation, boosting efficiency.
  • Generative AI enhances client communication by creating tailored proposals and portfolio insights.
  • Real-world AI examples include MarketPsych (sentiment tracking), Salesforce Financial Cloud (client profiling), and SARGE by EY (compliance automation).
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How to Get Your Small Business Off the Edge of Bankruptcy

Bankruptcy filing

TL;DR

  • Choosing the right business structure, like an LLC, can protect personal assets and reduce risk.
  • Chapter 11 bankruptcy offers a chance to reorganize debt and restore business operations.
  • Maintaining cash flow, cutting costs, and boosting revenue are key to long-term stability.
  • Emergency funds and regular audits help detect and prevent financial trouble early.
  • Open communication with creditors and legal advice can help small businesses avoid bankruptcy.

One of the essential foundations for maintaining financial stability in a small business is choosing the right business structure. According to the Small Business Administration, an LLC (Limited Liability Company) is one of the most common types of business structures for small enterprises.…

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Automotive Tariffs: Will Chevrolet Prices Be Affected?

Chevrolet

TL;DR

  • Chevrolet vehicles may face price increases due to U.S. automotive tariffs on imported cars and parts.
  • Vehicles built outside the U.S. or using foreign parts could see price hikes up to $13,000.
  • Even U.S.-assembled Chevys might be affected if they include imported components.
  • Tariffs may also lead to inventory shortages, production delays, and part supply issues.
  • Buying now or choosing U.S.-built models can help avoid higher costs.

The automotive tariffs apply to a range of different countries that produce vehicles used in the US. Chevrolet does produce vehicles and parts outside of the US, so they can be impacted by the upcoming tariffs.…

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Form 941: What Small Business Owners Need to Know to Stay Tax Compliant

Staying on top of your tax responsibilities is key to running a successful small business, and one of the most important recurring filings you’ll handle is Form 941 (Employer’s Quarterly Federal Tax Return).

Tax compliance

In this article, we’ll walk you through everything you need to know about Form 941—from who must file to deadlines, deposit schedules, and how to correct errors—so you can stay compliant and avoid penalties.

Understanding Form 941

Form 941 is required for most small businesses that withhold federal income tax, Social Security tax, and Medicare tax from employees’ wages. It’s used to:

  • Report wages paid
  • Withholdings and employer taxes
  • Adjustments (such as for tips or group-term life insurance)
  • And any tax deposits made during the quarter

Put simply, Form 941 gives the IRS a quarterly snapshot of your payroll activity and the taxes you’ve paid or owe.…

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Estate Planning for CEOs: What Are the Things to Consider?

Estate planning is a critical financial responsibility, but for high-net-worth individuals like CEOs, it becomes a complex, high-stakes endeavor that blends personal legacy with business continuity. As stewards of significant wealth, equity holdings, and often family-owned enterprises, CEOs must approach estate planning with a heightened level of strategy and foresight.

Estate planning

This article breaks down the essential considerations that CEOs must weigh to protect their legacy, ensure seamless succession, and minimize financial disruption.

1. Understanding the Scope of Your Estate

Unlike the average professional, a CEO’s estate often includes a diversified mix of assets:

  • Equity in private or public companies
  • Deferred compensation plans
  • Restricted stock units (RSUs)
  • Trust interests
  • Real estate and private investments
  • Ownership stakes in startups or family businesses

The first step in estate planning is a comprehensive audit of all assets.…

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Why Rapidly Expanding Businesses Must Master Right-of-Use Asset Accounting

Growth is often the name of the game. Startups race to open new offices, retailers scale by launching new storefronts, and logistics companies expand their fleet to meet demand. But with aggressive expansion comes a lesser-known challenge: how to account for leases accurately and consistently.

Right-of-Use asset accounting

Under modern lease accounting standards like ASC 842 and IFRS 16, businesses must recognize most lease agreements as Right-of-Use (ROU) Assets on the balance sheet—along with corresponding lease liabilities. For high-growth companies, where new leases are signed frequently across geographies or business units, this accounting treatment is far from trivial.

Failure to properly manage ROU assets can lead to distorted financial statements, audit complications, and even misinformed strategic decisions.…

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IRS Tax Changes and Adjustments for 2025: Expert Insights from William Martensen

William Martensen is a seasoned enrolled agent and founder of Martensen Tax & Financial in San Juan Capistrano, California. With more than 15 years of experience and a client base exceeding 600 individuals and businesses, he delivers comprehensive services that range from tax planning and preparation to IRS audit representation, conflict resolution, and virtual consultations.

William Martensen

photo credit: WilliamMartensen.com

A graduate of the University of Arizona’s Eller College of Business, Mr. Martensen is widely recognized for translating complex tax regulations into clear, actionable strategies that minimize liabilities and manage risk. His commitment to integrity and community service further underscores his credibility as a trusted authority in tax and financial matters.…

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What’s the Average Length of Car Ownership in the US?

If you lease a vehicle, you may plan to have it for just a couple of years. If you buy one, though, you might plan on having it for a much longer time. That assumes, of course, that the vehicle does well for you and fulfills all of your needs.

Car ownership

You can look into bad credit car loans, Salt Lake City residents, if you don’t have the best credit score but still need a vehicle. As you get your car, though, you may wonder what the average length of time is that someone owns a vehicle in the US. We’ll take a moment to talk about that right now.…

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The Silver Squeeze 2025: Why Investing in Silver Is the Way to Go

While gold hogs the spotlight in 2025’s volatile market, silver is quietly making its case — and fast. Trading near $42 per ounce as of late April, silver has surged over 35% year-to-date, significantly outperforming most asset classes. But unlike gold, silver isn’t just a hedge; it’s a hybrid. It’s both a precious metal and an industrial workhorse — and that dual identity makes it uniquely positioned for the challenges ahead.

Silver bullion

photo credit: Merwak / Pexels

Silver isn’t simply trailing gold’s coattails. It’s catching up to a reality investors can’t ignore: supply is constrained, demand is surging, and the financial world is waking up to silver’s strategic importance — from energy transition to de-dollarization.…

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