You've spent years, decades even, building your company into a successful enterprise. But as you near retirement age, your business might be the most valuable asset you have, so naturally, selling this asset to achieve financial independence sounds like the most viable retirement option...
The backdoor Roth is a well-known strategy used by high-income earners to minimize the tax paid on the growth of their investments. The American Families Plan, proposed by the Biden administration in April of 2021, has the approach directly in its crosshairs. Will it be eliminated?
Today, more people are seeking financial advice than ever before. However, in the highly fragmented and muddled world of financial services, it can be challenging to find the right type of financial advisor. Given a choice, most people would want to work with a professional...
Don't know anything about crypto? Are you missing out? Or is this another passing fad? The truth is, you're not alone. Most people don't know much about cryptocurrency. Many vocal supporters of crypto even admit that they don't fully understand what they've invested in.
The following time-tested, academically based tenets are the building blocks of a sound investment strategy that can carry you through the best and worst of circumstances—no matter the amount of your investable assets.
The financial planning profession is a truly remarkable one. For those of us who entered into this field with the right intentions, there is no greater reward than seeing real-life clients succeed day in and day out. Unfortunately, there are a ton of misconceptions held by those outside...
Do you have a 401(k)? 403(b)? HSA? Or even a 529 education savings plan or variable annuity? For many individuals, these held away accounts—often set up under a current or previous employer—are a large part of their retirement picture. But they are also, perhaps, the least understood.
Business succession planning is a critical part of operating any business, especially when you will rely on your business to fund a significant portion of your retirement.
To say 2020 was fraught with more change than any of us anticipated would be a gross understatement, and this couldn’t be truer for businesses that sponsor retirement plans. Changes began rolling in pre-pandemic times with the SECURE Act of 2019 and continued with...
In his first Congressional address, President Biden unveiled his proposal to impose heftier taxes on high-earners to pay for economic reforms and his large-scale infrastructure initiative as part of the American Families Plan. What’s being suggested is likely to change as political disputes...
At a certain point, a business owner’s gut is no longer sufficient for making critical financial decisions. As business expands and operations accelerate at a faster pace, owners begin to lose grasp over the many areas they are tasked with managing.
Investing your money—and investing it well—is not easy to do. After all, anything worth doing properly in life takes time, effort, and consideration. But investing well becomes increasingly difficult during times of market volatility. Is it still possible to prosper during these periods?
When the markets move—for better or for worse—it can be easy to want to act. In a bullish environment, you may be feeling lucky and tempted to “double down” or jump on the bandwagon to ride the earnings wave. But when values turn south, you may be the first to jump ship and stay out...
Why do we do it? Why do we continue being business owners despite the many challenges, rollercoasters and risks involved? Well, we’re a special breed. Here are the top 5 motivators that drive us keep on keeping on every single day.