Some folks jokingly saved a penny saves is a penny. At any rate I'm writing this post to encourage business owners to save. Why? Just today I read on yahoo finance that a survey was just released by GOBankingRates that...
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Government Regulations and Your Business
In our current discussion, we were thinking of how the new Department of Labor (DOL) is controlling your investment choices. To refresh, they are basically reigning in on expense charges. I wanted to not only clarify what this new regulation...
Your Business And Government Regulations
You may have heard that The Department of Labor (DOL) has issued new regulations that impose a "new" duty on financial advisors on what they recommend for their clients' IRA, 401(k), and other qualified accounts such as Profit Sharing plans. ...
Do Not Be A DIY
I'm sure you know what DIY stands for, Do-It-Yourselfer. By now you remember from previous posts that I like to tell real life stories about my practice. This one happened this past week and it relates to the idea of...
Brexit Continued
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...
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...