The 1st quarter of 2024 was off to a hot start with most of the markets up. The Stock Markets across the world were up in the 1st Quarter with the US Stock Market leading the way at 10.02%, followed by the International Developed Stocks at 5.59% and Emerging Markets Stocks by 2.37%. The rest of the markets were mixed with the Global Bond (ex US) up by 0.58%, the
As an advisor with over a decade of experience, there is one mistake that I have seen happen over and over again, and that in my mind is an easy remedy – having an Exit Plan. One of the most crucial steps in this journey is the development and implementation of an exit plan. Having an exit strategy in place 5-10 years before you plan to exit your business is
Creating a well-defined exit plan is an essential strategy for every business owner, providing a roadmap for transitioning out of their company. An exit plan not only outlines how and when an owner will step away from their business, but it also ensures that they can do so in a manner that maximizes the value of their business, secures their financial future, and minimizes any potential disruptions to business operations.
If you are nearing retirement, odds are you have thought a lot about how to get the most out of Social Security. You may have even thought about you or your spouse taking Social Security Benefits earlier than your Full Retirement Age (FRA). Below are some thoughts on how that would look. In the complex world of Social Security benefits, timing is everything, especially for married couples like. For our
Have you ever ended a month and wondered how much money did you save? Or even worse, wondered how much you even spent? In today’s fast-moving world, managing your finances can seem like a Herculean task, particularly for those who currently make a good income, and is even worse if you are a like me and also have ownership in businesses. Separating personal and business income/assets can be daunting. The
As a business owner who may currently be a trustee of a 401(k)/retirement plan or you may be looking into it, the aim of this article is to explain what, how and why plan benchmarking is important for you and your employees. A retirement plan can be a great tool to attract and keep top talent, but it’s important to make sure that your plan is optimized. Benchmarking your plan
We are thrilled to share that Stephen Nelson, a cornerstone of our team, has been honored with the prestigious D Magzine’s Best Financial Planners for 2023. This accolade is a testament to Stephen’s expertise, dedication, and the strategies he employs to ensure our clients’ are well taken care of. His commitment to excellence and personalized service has not only been noticed by our team, but peers throught the DFW Metroplex.
The other day I watched a great video with Dave Butler, Co-CEO of Dimensional Funds and David Booth, Founder of Dimensional funds. In the video they talk about the client/advisor relationship and how that relationship should look. After watching, I had 6 take aways that I want to share. Below is a link to the video if you’d like to watch. If you’re looking for a relationship like this, let’s
We’ve seen first hand how for many busienss owners, managing their investments personally can start as an empowering endeavor. However, as business demands escalate and investment portfolios grow, the complexity of effective management increases. This is where our team of experts come into play, guiding entrepreneurs through the intricate landscape of investment management, ensuring their financial growth aligns with their business success. The Transition to Professional Management Entrepreneurs often reach
The Corporate Transparency Act was approved by Congress in January 2021, and is a new federal law requiring many business entities to identify to the Treasury Department the individuals who own or control a 25 percent or greater interest in the entity or who otherwise exercise substantial control over the entity. Starting in 2024 business owners will need to file their beneficial ownership information by the end of the year
