With yesterdays continued fall, all of this year's gains were wiped out. The S & P 500 year-to-date shows a -1.9%. Please remember that last year the S & P 500 posted a negative return of -2.12%. I like to...
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We Interrupt Our Regularly Scheduled Program
Last week I scheduled three entries to post today when lo and behold the so-called bottom fell out of the stock markets and the disaster continues today. I thought it would be helpful if we took a few moments to...
A Written Financial Plan
There are numerous reasons why you, as a business owner, should write a financial plan. What exactly should your financial plan include? You could be very detailed or very brief. Whether it's long or short, the important point is that...
The Robots Are Coming
By now you've most likely have read or heard about "ROBO ADVISORS" being used to develop business succession financial plans. Do I and my colleagues in the financial services industry see that as competition? You bet we do. Let me...
A Simple Retirement Calculation
Clients often appear confused and perplexed when it comes to retirement. For sure it's an emotionally charged event in just about everyone's life. Here is a very simple yet financially sound calculation you can easily do on your own. The...
An Ideal Perspective
The past several messages have dealt with the idea of saving. Saving for retirement or saving for a compelling goal. It is never my intent to forsake other aspects of your life simply to salt money away. I also advocate...
Tie-In To Payroll Deduction IRA
Previously we discussed the ease of having regular investments made through payroll deductions. Yet it doesn't have to be an IRA. It could be any account outside IRA. It's a fairly easy way to being a regular investor. I could...
The Payroll IRA
So let's say you do not want to make any contributions to your own retirement plan. Often it's not a case of not wanting but that you're investing in your business. Keep in mind that many of your employees may...
To Roth or Not
You have heard of the difference between a Regular Traditional IRA and a Roth IRA. The main difference is that with the older, traditional IRA you can deduct from your taxes any contributions you make prior to tax deadline. However,...
The Goold Old IRA
You may be asking yourselves, "Why even start any retirement plan like a SEP or Simple or even an IRA when I have the value of my business as a source of retirement income?" I mentioned this before but it's...