Most business owners have a CPA and/or bookkeeper, but do they have a Financial Planning Expert? Meaning, is someone analyzing the financials for efficiencies or inefficiencies, performing trend analysis, or looking for savings opportunities? Traditionally, there is very little planning that goes into most services offered by your typical CPA.
If you are a business owner and have children, you might not be taking advantage of a simple strategy that can save you taxes, while also getting a jump start on your kid’s retirement savings. Through your company, you can hire your child as an employee and pay them
The Internal Revenue Service has released new limits for the coming year for retirement accounts. Due to high inflation we are seeing some of the highest increases ever to allow you to contribute to your 401(k), IRA, Roth IRA and other retirement accounts. Individual Retirement Accounts (IRAs) IRA contribution limits
A Roth conversion is a process in which an individual converts funds from a traditional individual retirement account (IRA) or 401(k) plan into a Roth IRA. This type of conversion can be a powerful tool for retirement savings, as it allows individuals to pay taxes on their contributions up front
The Third Quarter Was not Friendly to Investors For the second quarter in a row, all markets were down. You’ll notice that ALL Equity, Real Estate Markets, AND Bonds were down, again. This is the second quarter in a row that the Quarter, YTD, and 1-year returns for ALL markets
The AIF® Designation signifies specialized knowledge of fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care. The designation is the culmination of a rigorous training program, which includes a comprehensive, closed-book final examination under the supervision of a proctor, and agreement to
Is your dream to retire before you turn 60? How about before you turn 45? If so, you might want to think twice before you make the move. If your heart is set on leaving work early, be sure you leave with the right mindset and the right estimation of
Do you have extra cash and are wondering whether you should save it, pay off debt, or invest it? Maximizing the use of excess cash is a balancing act, where the answer is different in every situation. This article breaks down how to prioritize debt paydown, and how holding too
These have been 2022’s monthly returns in the S&P 500: January -5.2% February -3.0% March +3.7% April -8.7% May +0.2% June -8.3% July +9.2% There have been three months this year when the market fell by -5% or more, that didn’t happen once in 2021 and we saw it twice
There’s so much to learn about investing. One of the best ways to understand the industry is to study some of the great investors and purveyors of financial knowledge. Here, we share 13 quotes by philosophers, businesspeople, and investors. We hope you learn something new and enjoy studying the history,