Welcome back to Building Towards Wealth where we help you align your money with your goals, make smart financial decisions and proactively manage the risks and taxes that come with business ownership and life. If you haven’t already, hit that subscribe button and turn…
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Financial Planning
What Type Of Entity Should I Set Up For My Business?
Setting up a new business is thrilling but comes with a multitude of decisions. One crucial decision is determining what type of business structure or ‘entity’ is best for your business. Your choice will impact numerous aspects of your business, including taxes, liability, and…
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Financial Planning for Generation X
Generation X, we are often recognized for our refusal to fit into predefined molds and were shaped by a unique historical period. As latchkey kids, we were often reared in dual-income or single-parent households, cultivating independence and flexibility. As witnesses to the 1970s inflation, oil…
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Should I Do A Roth Conversion?
Today we’re going to talk about an important decision many retirement savers grapple with – Should you do a Roth conversion? But before we dive into it, let’s break down what a Roth conversion is. A Roth conversion refers to the process of moving your…
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Maximizing Your Retirement Savings as a Business Owner
Maximizing Your Retirement Savings as a Business Owner When it comes to planning for retirement, business owners are in a unique position. Unlike regular employees who might have access to company-sponsored retirement plans, you, as an entrepreneur, may need to take extra steps to help…
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How Much Tax Do I Owe For Inheriting Money Or Receiving Gifts?
Today we’re going to tackle a question that’s been asked by many: ‘How much tax do I owe for inheriting money or receiving gifts?’ It’s a great question, and a bit complicated, as it involves various factors and can vary depending on the laws…
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Estate Planning For Business Owners
As a business owner, you’re well-versed in the art of risk-taking. This entrepreneurial spirit, founded on a deep-rooted belief in yourself, the willingness to invest your hard-earned money, and a relentless commitment of your time, has been key to your journey of creating something that…
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How Technology And Strategic Human Capital Management Help
In this video we sit down with Alexis Knaack, a Human Capital Management Consultant with Paylocity, an online HR and Payroll software company With nearly a decade of experience at Paylocity, Alexis’ passion for people and their well-being shines through her work. Her professional…
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Business Owners Should Have a Valuation of Their Business
As a financial advisor who serves Gen X & Gen Y business owners, I know that many small business owners have a significant portion of their wealth tied up in their business. It is essential for them to properly value their business. However,…
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The Benefits of Diversifying Your Investments as a Gen X & Gen Y Business Owner
Today, we’re focusing on Gen X and Gen Y business owners, discussing the importance of diversifying your investments. As a business owner, your primary concern may be growing your business, but it’s essential to look at the bigger financial picture as well. So, let’s dive…
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