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Exit, Continuity, and Succession Planning are three rivers that end up in the same river downstream
All business owners, no matter how young or old, will exit their business. They will exit according to a plan or because of an unknown circumstance. The main river is the exit river, it is the one that for many is the culmination of a...
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Saving Versus Paying Off Debt
The saving versus paying off debt is an age-old quandary that has plagued people since the advent of consumer debt. Pose this question to a group of financial planners and the responses will be split, roughly down the middle. While...
Read MorePlanning to Sell? How to answer THE most important question
Many business owners believe the act of selling their business is similar to passing the baton in a 400 meter relay: once you’re finished running, you get to relax. In reality, buyers will insist that you stay on for a transition...
Read MoreDebt and Retirement - How to Handle both when Nearing Retirement
An increasing number of Americans are facing an uphill battle just trying to save enough and earn enough on their savings to be able to retire on time. Carrying much higher debt burdens than previous generations, many pre-retirees have...
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Around 70% of business owners will be shocked to learn they may not be able to sell their business
Did you know that according to Exit Planning Institute's report State of Owner Readiness, 70 - 80% of businesses will NOT sell?* I was flabbergasted at this figure. When I think of how a business owner thinks of his business as a part...
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What’s Your Risk Management Plan?
Most people couldn’t bear the financial hardships resulting from unexpected events, such as a major house fire, a car accident, a disability or the premature death of a family breadwinner, which is why one of the most important...
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Paying Off Student Loans
Actively managing your debt is an important step, and your student debt may be one of the biggest financial obligations you have. There are many strategies that could help you manage student loans efficiently. Here is a checklist....
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6 Easy Organization Tips to Take Time off of Taxes
As the saying goes there are two things that are inevitable: death and taxes. And, out of those two sure things, you can only really plan for your taxes. It should be no surprise when tax season surely and steadily rolls around again,...
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Retirement Plan Check-Up
It’s important to conduct regular check-ups on your retirement plan to make sure you are on track in working towards your retirement goals. Below are a few questions to ask yourself, at least annually, to see if (and how) they...
Read MoreDon’t Let Your Retirement Plan Turn from Benefit to Liability
A retirement plan is important to your business — and to all the employees relying on it for income later in life. However, mistakes and confusion can turn retirement plans from an attractive benefit into a liability. A properly...
Read MoreFinance 101: A Lesson in Helping your Student Pay for College
You think back fondly on those halcyon collegiate days--studying in the quad, late-night pizza, tailgating for the big game, dorm living, tossing your graduation cap in the air...beyond the lifelong friends and the parties and fun,...
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Five Strategies for Tax-Efficient InvestingYou are here
As just about every investor knows, it's not what your investments earn, but what they earn after taxes that counts. After factoring in federal income and capital gains taxes, the alternative minimum tax, and any applicable state and...
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The Importance of Financial Goals
We view goals as life’s destinations, whether it is where you want to be at the end of the day or at some point in the distant future. But there is a big difference between a clearly stated goal with a plan to achieve it, and a...
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Retirement Income Planning Requires Realistic Spending Assumptions
If you have read any literature on retirement planning or have received advice from a financial professional, chances are you were presented with the 70% rule, the one that suggests that retirees will need between 70 and 80% of their...
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