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…
Read More
Financial Planning
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…
Read More
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…
Read More
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…
Read More
5 Problems Many Business Owners Have
In my 20 years in financial services, I have dealt with hundreds of business owners. From solopreneurs, to people running companies with several hundred employees, and everyone in between, there are some consistent problems I see pop up again and again. Let’s take a look…
Read More
Should I Contribute To My Roth IRA vs. My Traditional IRA?
A question that pops up often is “Should my contributions go to my traditional IRA or my Roth IRA?” We’re going to look at how we go about this process in this week’s Inside Look at Building Toward Wealth. Please note, the information contained here…
Read More
Can I make a deductible Traditional IRA contribution?
A common question is “Can I make a deductible Traditional IRA contribution?” I will try to shed some light on this subject too in this week’s Inside Look at Building Towards Wealth. Please note, the information contained here is for 2022. While the contribution limits…
Read More
The Importance Of Goal Setting
“If you don’t know where you are going, any road will take you there” – Lewis Carroll Where are you going? Until you can answer that question, you can’t say what path is the best choice for you to take. Without knowing your direction,…
Read More
Managing Trade-Offs in Our Lives
Let’s discuss managing trade-offs in our lives. I recently was having drinks with a friend of mine and got into a conversation about some of the choices that we have made in our personal and professional lives What was great about the conversation is that…
Read More
Proposed Tax Changes (2021): Fact vs Fiction
Proposed tax changes (2021)? Let’s take a closer look. “We Have Nothing to Fear Except Fear Itself” —Franklin D Roosevelt We are constantly being bombarded by headlines and stories that are purposely designed to invoke the fight or flight mechanism in our brain. I have…
Read More