SEP vs. SIMPLE IRA for you small business? Wondering what you should do? Let’s take a closer look at options. As a business owner, you may be searching for retirement plan options that benefit both you and your employees… all while avoiding burdensome costs and…
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Financial Planning
How Much is My Business Worth?
If you find yourself asking the question “How much is my business worth?” Then let’s talk about a few important factors. In my 20 years in financial services, I have spoken to hundreds, perhaps even thousands of business owners. In many of those scenarios the…
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Should I Set Up A Traditional 401(k) For My Business?
Common question I hear is “should I set up a traditional 401(k) for my business? Business owners who are considering a retirement plan for their business have many options. While a traditional 401(k) is a well-known choice for business owners, there are many cases where…
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Can You Make a Deductible Traditional IRA Contribution?
Oftentimes, I have many clients come to me and ask, “Can I make a deductible Traditional IRA contribution?” Since this is a common question, I decided to tackle it in this week’s blog post. The following will provide you insights on whether you can or cannot make…
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Which Financial Path is Right for You?
If I were to ask you, “Which strategy is best for your financial plan?” Would you know the answer? Would you think that there is just one right answer that made sense for everybody? Oftentimes when I read financial articles on the internet, I will see the…
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Should I Contribute to My Roth 401k
I’m going to walk through a quick process that I use to help our clients understand whether or not they should contribute to a Roth 401k. Step 1: Do you expect your future effective tax rates to be the same or higher than the current rates? If the answer is…
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Little Known Facts About Planning for your Future
There is a belief that we should know exactly how to plan out our finances for the future. We should know exactly what it’s going to take to be able to pay for the lifestyle that we want in retirement. A retirement that now likely lasts into our…
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What Everybody Ought to Know About Whether they can Contribute to a Roth IRA
A question that often comes up is, can I contribute to a Roth IRA? I am going to walk you through the steps of whether or not you qualify. First of all, do you have an earned income? If you don’t have an earned income you cannot make a Roth IRA contribution. If you do have earned income,…
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The Secret of a Successful Financial Planning Strategy
Begin with the end in mind -Stephen Covey One of the most important things that you can do to help you realize your financial goals is to develop a strategy to help reach those goals and then stick to that specific strategy. It is much easier to change the…
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Will This Change College Savings Forever?
“Change is the only constant in life” -Heraclitus “Just because it is being done this way now does not mean it always be done this way.” When you look out ahead, towards your financial future, there are a few huge expenses you must plan for. For a large portion of people,…
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