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Frederick Towles

Frederick Towles is an entrepreneur, author and professional coach on personal finance, recognizing, seizing and leveraging opportunities of all kinds. Frederick founded The Towles Group Inc. to address issues that relate to small businesses and individuals – accounting, taxation, asset protection, financial compliance, wealth creation, debt management and business management. He also founded Unlimited Expectations Inc. which provides tools for individuals to assist them in the areas of opportunity recognition, leadership and personal finance. Through the tools and services offered by these companies people are positioned to operate their lives and their businesses at optimal capacity.

Why Network Marketing Doesn’t Seem to Be Working for You

The network marketing industry is a booming industry.  In 2018, the top three revenue generating companies in the industry were Amway $8.6B in annual sales, followed by Avon ($5.7B in annual sales) and Herbalife ($4.4B in annual sales).  These are very familiar brands whether you like them or not.  And …

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Tax and Retirement Changes For 2020

As we approach the end of 2019, the IRS has announced changes for 2020. Here is a quick list of changes that may impact your 2020 tax return: 1. The standard deduction will increase to $24,800 for married individuals filing joint returns or surviving spouses; $18,650 for heads of household, …

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What Happens When I Settle a Debt?

One of the things that perplexes people is what happens when a debt is settled. For those who don’t know, a debt settlement is any amount that is negotiated between you (or on your behalf) and your creditor that is less than the amount owed. Once this negotiated amount is …

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Power Couple or Problem Couple?

We can look at several examples of power couples in the world today. According to Forbes, the top three power couples are Former President Barak and Michelle Obama, Bill and Melinda Gates and Jay-Z and Beyonce. Power couples are influential and successful in their own right. These couples typically speak …

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How Does the Fed’s Interest Rate Cut Affect You?

Another week and yet another piece of national financial news that has some impact on our everyday lives. This past week the Federal Reserve made a decision to cut interest rates by a quarter point (0.25%). This Federal rate decline will have an impact on mortgage rates, credit card rates, …

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How the US-China Trade War May Affect You

By now I’m sure you have heard something about the trade war between the United States and China, along with the imposed tariffs. What you may not know is how these tariffs could potentially affect the public if this trade war continues. Some business owners have felt the impact of …

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What Are The Differences Between 401(k)s and 403(b)s?

There seems to be an ongoing debate about which is better to contribute to, a 401(k) or a 403(b)?  Typically, from a retirement standpoint both vehicles are very similar in that they are both employer sponsored plans. Both are also qualified tax-advantaged retirement vehicles. But there are some differences between …

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What Are IPOs and Which Are Doing Well in 2019?

By now we all know that the two most popular ride share companies, Uber and Lyft have gone public. Whether you invested in these companies or not isn’t the focus of this article. The focus is to discuss some other IPOs that launched in 2019 that are doing pretty well. …

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