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Friday, May 24, 2024

Although small business owners wear many hats, too often, the one labeled “Retirement Planner” is not among them. Hats may add panache but, basically, they’re for protection.

Friday, May 17, 2024

A critical part of financial planning that is often overlooked is insurance. Having various insurance policies will provide different benefits to your financial plan, ranging from protection to tax breaks.

Friday, May 10, 2024

Mental health is essential to everyone’s wellbeing. Mental health disorders, diagnosed or not, may be playing a role in your daily life. Often, financial problems or worries may impact your mental wellbeing.

Friday, May 3, 2024

According to the College Board, the most recently published figures of the average annual cost of tuition and fees at a public university for the 2021-2022 school year was $10,740 for in-state students and $27,560 for out-of-state students.

Monday, April 22, 2024

Mental strain and burnout are very real for small business owners. The stress of trying to provide for yourself financially, your family, and your employees and keeping your business growing may sometimes put you into an unhealthy mindset.

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Monday, April 22, 2024

A 401(k) retirement savings plan is one of the most desirable fringe benefits a small business can offer. For a business owner, it can help strengthen a company’s position when competing for top talent.

Monday, April 15, 2024

Many people know that life insurance is important to have, and yet not enough actually get it. Some decide they’ll get it later in life while others feel it’s a waste of money because they don’t have any health issues.

Monday, April 8, 2024

401(k) plans were named for the section of the Internal Revenue Code in which they are described. They allow employees to contribute their own pre-tax money into a retirement account, often by way of automatic payroll deduction.

Monday, April 1, 2024

April marks Stress Awareness Month, which provides a great opportunity to shed light on a topic often overlooked in the world of high-net-worth investors, which is mental health. For anyone who is used to managing substantial wealth...

Friday, March 1, 2024

Increasing your financial literacy may allow you to make better decisions about your money and your financial future. Many great resources are available to get you started on the path to financial literacy and to expand your current...

Friday, March 1, 2024

In the dynamic world of entrepreneurship, small business owners must constantly seek ways to stand out and access opportunities. Obtaining a Women’s Business Enterprise (WBE) certification for a woman-owned business could be a...

Friday, March 1, 2024

The demands on medical practitioners today can seem overwhelming. It's no secret that health-care delivery is changing, and those changes are reflected in the financial issues that health-care professionals face every day. You must...

Friday, March 1, 2024

Regardless of the business's size, small business owners have 401(k) retirement savings plan options that may be suitable for their situation. Business owners must plan for retirement by utilizing retirement savings vehicles that may...

Thursday, February 1, 2024

Just as a winning team meticulously plans its Super Bowl plays, individuals and families may benefit from developing a comprehensive plan for their estate. Estate planning isn't just for the wealthy. Estate planning is a strategic move...

Thursday, February 1, 2024

The SECURE 2.0 Act has sparked retirement confusion and concerns Retirement planning has become a puzzle of intricate legislation, and the recent changes brought about by the SECURE 2.0 Act have only added more complexity. While some...

Thursday, February 1, 2024

Tips to help you define your quality of life in your retirement years Mental health and emotional well-being are vital aspects of life, particularly in our later years. The transition into retirement presents a myriad of changes that...

Thursday, February 1, 2024

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed into law in December 2019, had significant implications for business owners and employees regarding retirement savings and tax rules.    With some...

Monday, January 29, 2024

Tax planning might be complex, but it's also essential—especially for high-net-worth families, where missing tax breaks or failing to optimize income could cost significant dollars, maybe millions, over a lifetime. And even in...

Monday, January 22, 2024

More than two-thirds of parents are concerned about how to pay for their child’s college education, and business owners are no exception.1 You may worry about being able to manage college expenses while also having concerns about...

Monday, January 15, 2024

The new year is fast approaching, and it is the perfect time to set up resolutions for your business. Whether you want to increase your sales, gather a more extensive customer base, or just accomplish needed business improvements,...

Wednesday, January 10, 2024

How many hours do you spend each year on a one-week vacation? 5 hours? 10 hours? If you retire at 60 and live to 90, you take 1,560 weeks of retirement vacation. Therefore, retirement planning is a must-step in ensuring a comfortable...

Monday, January 8, 2024

For profitable small businesses, paying quarterly estimated taxes is part of the tax process to potentially avoid penalties at the end of your fiscal year. The quarterly taxes for a business are the estimated taxes that will be owed at...

Wednesday, January 3, 2024

Since I began my financial advising career, one of the most commonly heard phrases from people is, "I'm going to invest when I become wealthy." What do you think about that statement? Do you invest when you become wealthy or invest to...

Tuesday, January 2, 2024

Admittedly, I tuned into those pre-flight spiels from flight attendants about seatbelts, tray tables, and oxygen masks once I started my pilot training. Suddenly, I found myself reciting the S.A.F.E.T.Y. Passenger Briefing script to my...

Tuesday, January 2, 2024

Are You Among the 16 Million Visionary Small Business Owners in the U.S.?* Join the league of forward-thinking entrepreneurs who understand the power of planning for tomorrow today. Why Make Retirement Planning a Priority for Your...

Tuesday, January 2, 2024

What is a 401(k) Plan? A 401(k) plan is a retirement savings plan sponsored by an employer. It lets employees save and invest a portion of their paycheck before paying taxes. The employer often matches contributions up to a certain...

Tuesday, January 2, 2024

What is a SIMPLE IRA? A SIMPLE IRA is a retirement savings plan for businesses with 100 or fewer employees. It allows both employees and employers to contribute to individual retirement accounts set up for employees, providing a simple...

Tuesday, January 2, 2024

What is a SEP IRA? A SEP IRA is a retirement plan suitable for small businesses and self-employed individuals. It allows employers to make tax-deductible contributions for their eligible employees, including themselves. Eligibility and...

Monday, January 1, 2024

Asset management and financial wellness can help develop long-term confidence when wealth transfers from generation to generation. Understanding and implementing financial wellness techniques is essential for effectively sharing wealth...

Tuesday, December 26, 2023

As the end of the year approaches, investors need to focus on tax-related considerations, particularly regarding capital gains. Year-end tax planning can help investors manage their overall tax liability while seeking to manage investments.

Friday, December 22, 2023

Many individuals are concerned about the financial implications of retirement and want to find ways to maximize their income while minimizing tax obligations. Traditional retirement savings plans often come with tax implications,...

Tuesday, December 19, 2023

Running a business without a written business plan is like heading out on a cross-country trip without a map or GPS. Although you may be able to make it to your destination, you may spend far more time and money navigating challenges.

Tuesday, December 12, 2023

Discussing charitable giving with family members helps them to understand how meaningful it is to you, the importance of altruism for the betterment of society, and how participating in philanthropy as a family can help bring others closer.

Monday, December 4, 2023

At the end of the year, it is necessary to reflect on your financial picture, review the last 12 months, and plan for the future. With all that is involved, it can seem overwhelming. Consider breaking up the responsibilities over 12 days.

Tuesday, November 28, 2023

Charitable giving is an excellent way for businesses to help others while taking advantage of additional tax breaks. Billions of dollars are given each year in the U.S. to a wide range of charities providing valuable community services.

Tuesday, November 21, 2023

As we approach the last quarter of each year, it is a good time to plan for the next one. Year-end planning is especially important for existing retirees and those hoping to retire in the next few years.

Tuesday, November 14, 2023

For small business owners, ensuring your investment is covered is critical to ensuring the survival of your business after you are gone. One of the ways in which small business owners do this is by applying for life insurance.

Monday, November 6, 2023

The past two years presented many small-business owners with unprecedented challenges. This year’s tax planning preparations include necessary measures for small-business owners to satisfy existing, new and modified tax laws that may help..

Monday, October 30, 2023

Investing your money for the future might be one of the quickest ways to grow your wealth, whether saving for retirement or making a large purchase. While most people know investing is a potential way toward a more manageable financial...

Monday, October 23, 2023

Did you know about 50 percent of Americans do not have life insurance? Part of the problem is a lack of clarity: 31 percent of people who need it but aren’t covered say it’s because they don’t know what to get. But it...

Monday, October 16, 2023

National Retirement Security Week, the third week of October, is an observance that encourages you to take control of your financial future. National Retirement Security Week is more than just another day on the calendar. Instead, it's...

Monday, October 9, 2023

You often hear people discuss "saving for retirement,” but in many cases, they're actually referring to their investing. The adage "you can't save your way to wealth" is simplistic, but has a kernel of truth...

Monday, October 2, 2023

Planning for your financial future and retirement looks much different now than in previous years. Some people must supplement their Social Security to have enough to maintain their desired lifestyle. This means financial planning is...

Monday, September 25, 2023

During turbulent financial times, having a financial emergency plan and organizing your finances may help you feel prepared to handle anything that might come your way.

Monday, September 18, 2023

Having life insurance is crucial for any adult who has assets, a business, or a steady income. There are many life insurance myths that can result in uninformed decisions.

Monday, September 11, 2023

Business owners have a couple of advantages when funding college expenses. Here are a few ways small-business owners might save money while their children are in college.

Monday, September 4, 2023

Obtaining a life insurance policy is part of being an adult. But it’s also something that you can easily neglect, especially if you obtained it earlier in adulthood. You should review it when you reach these milestones.

Monday, August 28, 2023

Financial freedom doesn't need to be elusive—with focused and consistent effort, you may be able to achieve financial freedom sooner than you expected. Let's discuss the different stages of the financial freedom journey.

Monday, August 21, 2023

Making decisions about your retirement account can seem overwhelming, especially if you feel unsure about your knowledge of investments. However, the following basic rules can help you make smarter choices.

Monday, August 14, 2023

What does good business financial management look like in practice? Here are four tips that may benefit business owners while focusing time and effort on the core of the business.

Monday, August 7, 2023

As investments, financial priorities, and the economy change, so do financial strategies and plans. It's important to keep up with your financial education and awareness for your financial future. Here are some tips.

Monday, July 31, 2023

As a business owner, putting all your profits back into the business may be tempting. However, when it comes to saving and investing as a business owner, there are long-term paths you should consider. Here are some tips.

Monday, July 24, 2023

Insurance is one of the most crucial components of financial well-being, even though you may not necessarily receive an actual payout from a policy. Many things in life are especially valuable. Here are some options to consider.

Monday, July 17, 2023

Not sure if your retirement plan is still in line with your future life or financial goals? Give your current retirement plan a second look.

Monday, July 10, 2023

Those who receive an inheritance with the passing of a loved one are potentially given the gift of financial freedom if they choose to manage the wealth carefully.

Monday, July 3, 2023

Being a small business owner can be rewarding but also may bring a lot of stress. There are many paths to financial independence; here are a few directions to get you started.

Monday, June 26, 2023

For kids, teens, and college students, summer break often represents freedom from schedules, responsibilities, and all those other drains on your time. Retirement actually can provide a similar level of freedom, but only if you've...

Monday, June 19, 2023

College is expensive for many people. The average tuition and fees at a college or university for the 2019 to 2020 academic year at a four-year institution was $9,4001. This may include the cost of tuition, books, and housing. For some...

Monday, June 12, 2023

Parenthood can be both wonderfully rewarding and frighteningly challenging. Children give gifts only a parent can understand — from sticky-finger hugs to heartfelt pleas to tag along on Saturday morning errands. You raise them...

Monday, June 5, 2023

A life insurance policy is part of financial planning. Life insurance is there to help ease the financial trauma that comes with the loss of a spouse, parent, or partner. As you encounter different events in your life, you may need to...

Monday, May 29, 2023

News headlines are often dominated by some of the world's largest businesses—from FAANG stocks soaring to new heights to Space X planning to send rockets to Mars. But the makeup of American companies includes more than just the...

Monday, May 22, 2023

Go out into your yard and dig a big hole. Every month, throw $50 into it, but don't take any money out until you're ready to buy a house, send your child to college, or retire.It sounds a little crazy, doesn't it? But that's what...

Monday, May 15, 2023

Small businesses may often find themselves struggling, and there are many situations in which business owners may find themselves weathering a storm and hoping to make it through. While the strength and fortitude of those who run small...

Monday, May 8, 2023

Taking a Closer LookWithout a doubt, it is important to have enough life insurance coverage to handle any financial contingencies that may affect your family if you die prematurely. However, determining the amount of life insurance you...

Monday, May 1, 2023

The thought of retiring may be intimidating for anyone—but if you own your own business, handing your "baby" to new owners might be enough to stop you in your tracks. What might you do to set your successor up for success? What...

Monday, April 24, 2023

What is this strategy?If you work after you begin receiving Social Security retirement benefits, all or part of your retirement benefit may be withheld if your earnings exceed the retirement earnings test exempt amount. However, excess...

Monday, April 17, 2023

Financial literacy refers to the skills and knowledge that allow an individual to make informed and effective decisions through their understanding of finances. Financial literacy starts by building a basic understanding of 'money...

Monday, April 10, 2023

Running a business requires gaining expertise in many things over a short period—especially financial matters. If finances do not come naturally to you, you may quickly feel like you are in over your head. Fortunately, mastering...

Monday, April 3, 2023

As you age, the question of when to collect Social Security (SS) retirement benefits will likely come to mind. There is no one size fits all age; your unique circumstances and goals will dictate the appropriate time for you to take...

Monday, March 27, 2023

Let's Talk about Locum Tenens Until recently, locum tenens was a little-known and niche option. Stability and growth within one company seemed preferable to most providers. Knowledge of the term Locum Tenens and the implications of...

Monday, March 27, 2023

Ah, Money. The word leaves you with a positive or a negative feeling when you hear it. The feeling we get from money, and investing, has deep roots inside our emotions, although we may not understand why. Behavioral science explains...

Monday, March 20, 2023

Everyone needs to have some level of financial literacy to help manage their finances. However, financial literacy becomes even more crucial when you're a business owner. You need to become familiar with common terminology and business...

Wednesday, March 15, 2023

Should I put my Ohio Deferred Comp Money into an Annuity? If you are an employee of a nonprofit public healthcare system or hospital in the State of Ohio, your retirement options look a little bit different than a private sector...

Monday, March 13, 2023

As Samuel Goldwyn once said, "The harder I work…the luckier I get!" 1 But when it comes to investing, luck may play a huge role in outcomes—no matter how hard you work.2 Below, we discuss some ways that luck may...

Monday, March 13, 2023

It will take some time, but the FDIC was designed for moments like this. The FDIC-seizure of Silicon Valley Bank is the second-largest US bank failure in history as it held $209 billion in assets at the time of its collapse. Even after...

Monday, March 6, 2023

I don't know about you. But, growing up, I loved playing Monopoly. However, after I started investing, I realized it taught valuable investment planning lessons. For example, in Monopoly, it's generally advantageous to hold onto...

Monday, February 27, 2023

Whether you’re just starting your career or are planning to retire this year, it’s never too soon or too late to start preparing for your retirement. What this entails may be different from person to person, but there are a...

Monday, February 20, 2023

When you start to consider if investing is an appropriate option for you, you may have questions. You might want to ask: How do I invest money, and where? How much money will I need? What are some common strategies for someone that has...

Tuesday, February 14, 2023

What is business tax planning?When starting a business, you must consider a number of tax-related issues. Although business tax planning is a complicated area, it is essential to understand three major topics: tax consequences when the...

Tuesday, February 7, 2023

For many, spending more quality time with loved ones and friends is a New Year’s resolution or work-life balance goal. But for investors who are accustomed to keeping a close eye on their assets' performance, balancing one's "to...

Monday, January 30, 2023

Financial wellness, like physical wellness, isn’t something you should ignore. Instead, it's a critical concept for anyone who wants to be knowledgeable and confident about their finances, and in fact, financial wellness is so...

Monday, January 23, 2023

Regardless of whether you prepare your taxes yourself or use a professional's services, it's a good idea to gather the information and documentation you need well in advance of your actual tax filing date. Below, we've listed some key...

Monday, January 16, 2023

 Though the New Year may bring with it a new opportunity to set and achieve financial goals, the thought of making sweeping changes to your budget and lifestyle may be overwhelming. What can you do to improve your odds of success...

Monday, January 9, 2023

For many people, a new year provides a new start—and nothing says "new start" like a fresh new set of financial goals. But setting these goals is easier said than done. What steps should you take to get the most bang for your...

Monday, January 2, 2023

Change may be difficult, especially when you try to change your financial habits. The process might be easier if you take an incremental approach. Do you want to get on top of your finances this year? Are you looking for ways to...

Monday, December 26, 2022

When it comes to New Year's Resolutions that include financial goals, writing them down and being visible is essential to your success. After you’ve written down what your financial resolutions for the New Year are, tell others...

Monday, December 19, 2022

There are countless benefits of charitable giving. Through generous donations, you can make a difference in your community and society. You may also feel happier and even save on your taxes. Here are some key things to need to know...

Monday, December 12, 2022

The end of the year can be a chaotic time for business owners. It is a time to compile data, review the numbers, evaluate strengths and weaknesses, and determine growth opportunities for the future. A business owner would be keen to...

Monday, December 5, 2022

As we approach the end of the year, you may want to review areas that may impact your wealth and estate planning next year. In this year-end planning guide, we examine four critical areas to consider that may affect your finances:...

Tuesday, November 29, 2022

Consider whether a donor-advised fund can help build a more generous world. November brings us Thanksgiving – a day for simply giving thanks. The 11th month also brings us Black Friday and Cyber Monday – two days encouraging...

Tuesday, November 22, 2022

If you're considering giving back to society or a cause as part of your financial planning, there are many ways you can do so. You can make an impact while receiving tax benefits by including philanthropic giving as part of a holistic...

Tuesday, November 15, 2022

It may be easy to forget we're nearing the end of the year. Even during the busy end of year rush, it's a good time to reevaluate your 2022 finances and turn an eye toward 2023. What can you do now to potentially improve and streamline...

Tuesday, November 8, 2022

Shoppers spend nearly $20 billion every year on Small Business Saturday.1  If you’re not familiar with this particular holiday, it takes place in the U.S. the day after Black Friday in November, and a few days before Cyber...

Wednesday, November 2, 2022

As we approach the end of the year, you may want to review areas that may impact your wealth and estate planning next year. In this year-end planning guide, we examine four critical areas to consider that may affect your...

Wednesday, June 1, 2022

Being financially responsible is extremely important to me. From a young age, I can remember my mom telling me how important it would be to save my money for my future. Back then, I didn't really understand why, but I knew that if she...

Monday, May 9, 2022

In its simplest form, a retirement plan can be split up into two parts, the accumulation phase, and the distribution phase. The goal is that you start early in the accumulation phase, so you don't need to skimp on the distribution...

Monday, May 9, 2022

When we get repeat questions from different clients, we realize it is a hot topic for people. One topic that has been brought up a lot recently is Medicare.Before we get into how it affects you, let's look at what has recently happened...

Monday, May 9, 2022

Lottery winners who go broke, you've heard the stories. You read about it, and it's hard to fathom how that could happen. We can dive into that topic in a different post but successfully transferring wealth across generations (or...

Monday, May 9, 2022

When we think about retirement, we pay attention to only the financial aspect of it most times. How much will we need per month? How much do we need to save? Will we have enough? The truth is retirement is more than just those...

Tuesday, May 3, 2022

Roth IRAs can be a tremendous tool to give you flexibility in your journey to retirement. Creating some tax-free income in retirement allows you to be strategic with the amount of money you take out of your taxable accounts.New...

Wednesday, April 13, 2022

When you think about any successful venture it's common that you only pay attention to the end result. Watching professional golf is a terrific example. When you watch a professional golfer hit a pristine golf shot it's easy to say...

Wednesday, April 6, 2022

Money plays a significant role in our day-to-day lives. We work for it, we use it, we like to talk about it, but how often have you actually sat back and thought of the different things that you can do with money. What is the first use...

Friday, March 11, 2022

Bob has been a successful blue-collar business owner for the last 25 years. He runs a prospering one-person mechanic shop generating high income.During his time as a mechanic, he has bought some commercial properties. His wife Nancy...

Thursday, February 24, 2022

When planning to retire we always hear the term "able to." "Hopefully, we'll be able to retire", "I want to be able to retire on my terms" phrases like that. We know that we need to save money and have it grow but we don't always know...