Business owners are in a unique position to create retirement savings. Setting up a retirement plan builds tax-advantaged personal wealth away from the business and can lower business taxes. In addition, retirement plans are attractive to employees and can help you recruit and retain talented…
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Archives for March 2022
Are your Eggs All In One Basket?
Having too many eggs in one basket. It’s a problem for a lot of people. Employees of publicly traded companies are often granted stock as part of their compensation. From a portfolio management perspective, holding large amounts of stock in the same company that gives…
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How I was Reminded of the Value of Financial Planning for Business Owners
Recently, I hired a marketing company to help me with, well, my marketing. Anybody who’s a business owner knows that one of the many hats that we wear is Chief Marketing Officer. This reminded me of why people hire financial planners, people like me, to…
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Remaining Calm In Turbulent Times, The “Oh What Now?” Edition
Who had ‘insane dictator starting a war in Europe’ on their ‘what can go wrong’ next bingo card? After going from a deadly new virus and shutdowns, to record high unemployment then to people storming our capital on January 6, 2021, as Congress was meeting…
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The Value of Owning Your Building as a Business Owner
When building and growing a business, buying the business premises is often not on the priority list. But once you get to a place where you’ve created a solid financial position, purchasing and building out your own space is a business milestone that can pay…
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