There are two schools of thought when it comes to the right time to become a philanthropist. Some like Steve Jobs believe you should spend...

The IRS has very clear guidelines on the difference between hobbies and businesses. The reason for the guidelines is to help taxpayers deter...

Ever wish you had some extra cash for special occasions or emergencies? Ever think about securing a loan? Perhaps you need a new car, or a v...

An Individual Retirement Account (IRA) is a tried and true savings vehicle for people seeking financial security in the Autumn of their year...

Prior to 2010, Bob Mason was living the good life. In partnership with his Dentist, they owned a local horse-boarding ranch on 114 golden Ca...

For most homeowners, being upside down on their mortgage seems normal. But with the economy on an upswing, this may soon not be the case for...

Here at Palma Financial Services, Inc., we often encourage our clients to establish a corporate entity for their business activities. A cor...