If you are wondering whether you are eligible to make a deductible contribution to a Traditional IRA in 2024, the answer depends on several factors, including your income, tax filing status, and whether you or your spouse are covered by a retirement plan at work….
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Financial Planning
When to Sell Your Business for Gen X and Gen Y Entrepreneurs
As a Gen X or Gen Y business owner, you’ve poured your energy, time, and resources into building your business. But there comes a time when selling your business becomes a pivotal decision, intertwined with both your personal fulfillment and your financial future. If you…
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What is Enough In Retirement?
Retirement planning is a journey that’s as unique as each individual. What is enough has a different answer for everybody. If you are like many entrepreneurs, you may never see yourself as “retired.” While there’s no universal formula to determine the perfect retirement savings, understanding…
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Everything You Need to Know About Selling Your Business
Selling a business is not a simple transaction; it is a strategic decision that requires careful planning, timing, and expertise. For business owners, particularly those in the Gen X and Gen Y demographics who may be sitting on significant unrealized value, understanding how to structure…
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How To Pay For Your Kids College Education
Navigating the four years of your child’s college education can be an emotional and financial whirlwind, grappling with how to afford the expenses. While it may be tempting to sideline your own financial goals to tackle this considerable yet transient financial responsibility, a more prudent…
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Maximizing the Tax Advantages of Business Ownership
Growing Your Business and Tax Complexity We all know growing your business is a multifaceted journey. Whether you’re just starting and hustling to get revenue-positive, you’re in that gritty mid-stage planning long-term strategies, or you’re at a mature stage optimizing for an exit—there’s one…
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How Can You Protect Your Assets With A Trust?
As a business owner or high earner, you have worked hard to accumulate your wealth. While growing your assets is undoubtedly essential, protecting them should also be prioritized. One of the most tried-and-true strategies to shield your investment assets from various is through the use…
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Beyond the 401(k): How to Maximize Retirement contributions with Profit-Sharing and Defined Benefit Plans
Now, you’ve probably heard about 401(k) plans, right? Most business owners have them because, well, that’s just what businesses do. But what if I told you that the 401(k) is just the tip of the iceberg when it comes to maximizing your retirement contributions…
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Planning for Retirement as a Business Owner
As a business owner, you’ve likely spent a great deal of time and energy cultivating and growing your business. It’s crucial to ensure that you’ve not overlooked the importance of planning for your retirement. Gen X and Gen Y business owners need to know that…
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Understanding How to Use Investment Losses to Your Benefit
Today, we’re diving into an essential technique: Investment Loss Planning, and how you can use it to your benefit Investment loss planning might sound complicated, but it’s a tool that can help you reduce your tax liability, and in turn, keep more of your hard-earned…
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