June 29, 2016
opening a second dental office

VIDEO: Buying A Second Dental Practice

You a successful dentist managing your primary practice for a profit. As a result, you are considering a second practice. Can you utilize the same steps you used in acquiring your first practice? Do you even know the steps you used in purchasing your first dental practice? Justin Goodbread, CFP® at Heritage Investors, reviews some thoughts on this topic of buying your second dental practice. In this video, we will be discussing three indicators needed before ever considering opening a second dental practice. 1. have your financial house in order 2. have your financial team in place 3. optimal location for the second office 4. negotiations Please watch the video given above and share it with others if you like it. I am trying very hard to provide you everything to improve your life financially. Stay connected with me on my blog here and social media too, come often to read and […]
June 29, 2016
Tax Tip: Rules for Home Office Deductions

You May Be Able to Deduct Childcare Expenses

You May Be Able to Deduct Childcare Expenses “You May Be Able to Deduct Childcare Expenses”, If you pay for summer care for your children so you can work or look for a job, you may be able to deduct those expenses on your federal tax return. Here’s what the IRS wants you to know: You can only deduct expenses for the care of a qualifying dependent such as a child under age 13. You must be paying for care so that you or your spouse can work. Qualifying care includes home care, daycare, or a day camp. Overnight camps, summer school tutoring, or care by other dependents does not qualify. You must have earned income in the year in which you incur childcare expenses and the expense limit is $3,000 for one qualifying dependent or $6,000 for two or more. For more information about deductions for dependent care, visit IRS.gov […]
June 29, 2016

Britain’s Messy Divorce: How Brexit May Affect US Investors

WEEKLY UPDATE – JUNE 27, 2016 “How Brexit May Affect US Investors”, Stocks fell sharply last week in response to Britain’s vote to leave the European Union (EU), putting major indices in the red for 2016. Why did markets react so badly? The vote to leave was a surprise to most, and markets hate surprises. It’s too soon to know how Britain’s exit (Brexit) will play out, but predictions include a British recession, a breakup of the EU as other countries vote to leave, or the introduction of reforms by European leaders who see the writing on the wall. Since the referendum result isn’t binding on the government, there’s even a very small possibility that the Brexit won’t happen at all.[1] It’s anyone’s guess at this point. To help you understand how the Brexit may affect you as an investor, here are answers to some key questions: How will Britain’s vote […]
June 28, 2016
RMD's; retiring early

Why You Will Never Retire

We all have hope and dreams—traveling, relaxing, playing golf every day or for me personally sitting on a beach after a morning of wetting a line (a.k.a. fishing)…basically enjoying the vacation life every day. Whatever you’re dreaming of could be nothing more than a pipe dream unless you take the necessary steps. According to a recent survey, half the households in America have saved less than $10,000 for their retirement income. Whether they’re just overspending or planning to live off social security, most people aren’t saving enough to retire plain and simple. So what’s the reason for this trend? 1. We start saving too little too late Most people spend their years in college and come out in their early 20s. Then they get into their 30s, and they are trying to find that new job, buying their first house, getting married, having babies. Somewhere between their 30s and 40s life seems to […]
June 28, 2016

The Brexit Effect — Financially Simple

With all the uproar lately of Brexit, your thoughts may have turned to wondering just how much your portfolio would be affected? As with most major world events, the stock market reacted to U.K. vote to leave the European Union by dropping; the Dow came in 3.4% of it’s value and the S&P lost 3.6% when the announcement came on June 24th. Just like any other time the markets react negatively, you have a couple of options on what to do next. Nothing The old adage, “Silence is golden” is a perfect metaphor for when the market turns on you in an unfavorable manner. Sometimes it’s wise to say nothing or in this case, do nothing. Thinking the best thing to do is pull your money and run? Not so fast; the more likely scenario is that you’ll end up regretting it. History shows those that panic during market downturns end up with […]
June 25, 2016

Laying the Groundwork for Financial Success

Laying the Groundwork for Financial Success From time to time, I get people in my office that are just starting out in life or they’ve gone through a bankruptcy or something of that nature and they’re ready to change their future. Perhaps you’re in that category yourself and you’ve spent far too long spinning your wheels on how to make your money work for you and you’re ready to say, “I’m tired of this and I want to be successful.” If that’s you, then you’re already on the right path, because in order to have financial success you have to realize what prevents financial success and you’ve obviously already done that. So where do you start? Get a Plan—I know I harp on this all the time but it really is paramount to success. If you hop in the car without a place to go you’ll likely end up nowhere and just […]