Tim McMahon, Author at Optio Money

Wealth Transfer: Estate Planning

Articles / By Tim McMahon / 3 minutes of reading

A will is a legal financial document that will allow you to distribute your assets to loved ones in the manner that you desire. Many people put off the task of making their will because it is a reminder of their own mortality and because it requires thoughtful, and sometimes difficult, decisions. However, if you take the first step, you will find that accomplishing this important task can be a gratifying experience. If you follow these tips, you will ensure that your will is ready to be signed and executed.

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5 Things to Consider When Managing Money in a Relationship

Money and Banking / By Tim McMahon / 5 minutes of reading

There are so many questions that need addressing when a couple decides to share their finances. Talking about this in advance is crucial because things can get ugly very quickly when money becomes involved. That is why we are going to analyze five things to consider when managing money in a relationship.

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Five Business Tips to Help Your Company Thrive

Business / By Tim McMahon / 3 minutes of reading

Obviously, as a business, you’re looking to generate as much profit as possible, which involves not only cash generation but ensuring that each dollar invested reaps several dollars more. Once you are consistently generating a reasonable profit, you will want to grow your market share, which will show that your company is thriving in the modern age of retail and commerce. But to get to this point of thriving, you first need to know how to survive: business, after all, is tricky and sometimes volatile. Here, you’ll discover five tips to help transform your business into a prosperous and beneficial enterprise for you and your customers.

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Have Minimal Car Insurance? What to Do in Case of an Accident

Insurance / By Tim McMahon / 3 minutes of reading

There are plenty of people who have the minimum amount of car insurance their state will allow. While it makes sense to choose to keep insurance costs down as much as possible, unfortunately, it also means that many people may not have enough coverage when they do get in accidents. If you find yourself in this situation, there are a few things you can do to reduce your costs.

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How to Choose a Residential Roofing Contractor

Real Estate / By Tim McMahon / 4 minutes of reading

Many homeowners can have a hard time when it comes to fixing or repairing their roofs, especially when it comes to choosing which residential roofing contractor to hire for the job. People can make the mistake of simply selecting the first one they see, and the results of such a decision can be disastrous.

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Avoid a Money Pit: 4 Vital Inspection Items before Buying an Older Home

Real Estate / By Tim McMahon / 3 minutes of reading

Purchasing an older home might seem quite appealing to you. You may love the historic charm, or perhaps you’re looking into purchasing a house from older relatives. These features can certainly allow you to live in a charming home. However, older houses can come with a number of problems, so make sure to inspect certain elements before making an offer. Otherwise, you might spend all of your money fixing the house.

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4 Hidden Car Costs

Articles / By Tim McMahon / 4 minutes of reading

Every driver understands that vehicle ownership involves more than initial purchase-related costs. That said, many drivers fail to take into account the costs related to every possible usage, emergency and maintenance scenario. As a result, they sometimes experience horrible debt because of these hidden car costs. Whether you’ve just bought your first vehicle or you’ve owned vehicles for many years, keep the following four hidden costs in mind when setting aside money for your vehicle budget:

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Buying and Selling Ranch Land: A Beginner’s Guide

Real Estate / By Tim McMahon / 3 minutes of reading

Land has long been considered one of the strongest investments you can make. The basic thinking is that there’s no more land being made, so scarcity will always help hold up values. That is true to a point, but sometimes the time horizon involved is so long that there are no guarantees of profit within the number of years you are willing to hold the land. Ranch land is subject to these same market forces, so if you’re considering buying and selling ranch land, you should keep these four tips in mind.

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4 Tips to Cover the Bills When Your Disability Keeps You Home

Money and Banking / By Tim McMahon / 3 minutes of reading

The disabled population—especially those among the blind and visually impaired—exhibit some of the highest rates of unemployment ever recorded. Yet, despite this being the case, these members of society still must meet their financial obligations. Whether your homebound state is a temporary or permanent result of your disability, you can start with these four tips to cover your finances.

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Investments You’ll Thank Yourself for in Twenty Years

Investing / By Tim McMahon / 3 minutes of reading

It may seem difficult to find extra money to save or invest for your future. However, putting away those few extra dollars today can result in the financial security to retire or have more control over your life. Let’s look at some investments that you’ll thank yourself tomorrow for making today.

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