Owning your own business requires lots of time and effort. You have put in blood, sweat, and tears. You have lost sleep over your business. The matters of your business occupy your mind more than anything else, oftentimes.
From Financial Planning Industry Thought Leader, Michael Kitces When it comes to designing and formulating a financial plan for the future, you may decide it’s best to hire a financial professional to help guide you on your financial journey. A financial professional can provide an objective and experienced second set of eyes, helping you avoid…
Mark Twain said, “The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin.” In the polarized world that we live in, it’s often hard to find common ground with those around us. It seems, however, that many can find common ground in the belief that the taxes we…
An essential aspect of maintaining your physical health can be receiving an annual checkup from your physician. Health and wellness are a high priority for many, and this checkup provides an opportunity to foresee significant problems and receive feedback on how we are doing. Our financial wellness can be similar. It can be healthy to…
Each new year seems to arrive before we know it, but each one allows a fresh start to initiate new habits and practices that will better us in many facets of our lives. When we think of improving our lives, the first thoughts usually relate to our health. Of course, many will start with the…
A rewarding season in the life of any business owner is approaching the horizon of the retirement season. The business that you have poured a career’s worth of effort, work, and investment into has been a profitable venture that has brought you to this point in your life. Part of the crossover to retirement will…
WHAT IS A DONOR-ADVISED FUND? A Donor-Advised Fund (DAF) is a private investment account maintained by a third party, known as a sponsor, to manage charitable donations on behalf of an individual, family, or organization. Donor-Advised Funds offer a flexible way for donors to contribute cash and non-cash assets to the fund while also allowing…
Beginning your financial planning and wealth management journey can seem daunting. With so much to consider, like your current financial standings, future goals, and how your finances can change over time, it is often difficult to figure out where to start.
As the holidays approach, so does tax-planning season. Although tax planning is an ongoing process, the year-end is a great time to review your finances and implement strategies to reduce your yearly tax burden.
One of my favorite financial quotes of all time comes from Carl Richards, CFP® professional, author, and financial planning industry thought leader. The quote comes from his book The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money, where Carl explains how our financial behavior and decisions can cause issues in our lives.