For many, the concern is not about our children getting accepted to college, it’s how we are going to pay for it. Long before your child is selecting a major, their college savings plan should be in place and growing. When do you start? What’s…
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Did You Know Sometimes No Action Is The Best Action?
“Begin with the end in mind.” This quote from Steven Covey is one of my all-time favorites. One of the most important things that you can do to help you realize your financial goals is to develop a strategy to help you reach those goals,…
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Choosing the Right Retirement Plan for Your Business
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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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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Inflation: What Does It Mean For You And Your Business?
Inflation – It continues to be at the forefront of conversation We feel it everywhere in our daily lives, but for investors, the big question is how will it impact your overall financial…
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There’s No Time Like The Present: The Need For Business Owners To Properly Value Their Business
I’ll figure it out later when I’m ready to retire …. That is the response we often get from small business owners when we first ask how much their business is worth. A significant amount of the wealth of small business owners is tied up…
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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…
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