January 31, 2023

Picking the Best Retirement Plan for the Self-Employed Business Owner

One of the biggest benefits you will enjoy if you are self-employed is that there are more (and some would argue better) retirement options and plans available to you than are available to most taxpayers. You still have the ability to use the ROTH IRA and Traditional IRA. But being self-employed gives you three additional retirement savings options: SEP-IRA, SIMPLE IRA, and Solo-K. With all these choices, how do you know which is the best retirement plan for the business owner like you? We will explore the pros and cons.
December 8, 2021

Understanding Retirement Risk and the Myths Business Owners Believe

At some point, each one of us will retire. This is true of every trade and profession, employee and business owner alike. However, as business owners, there are some risks that you must address. But to do so, you must also be able to differentiate the truth from myth. I recently took a hunting trip to Idaho with some fellow business owners and kept hearing some of the myths around retirement creep into our conversations. That’s why I decided to speak with my dear friend and colleague, Mr. Jeff Jeter CFP®, ChFP®, CEPA® about the risks and myths of retirement. Join me as I share the nuggets of wisdom gleaned from our conversation and uncover the truth about retirement risk and the myths business owners believe.
December 15, 2020

How To Avoid Christmas Conflicts

Christmas is upon us and it truly is the most wonderful time of the year. Everywhere you look, there are festive and cheerful decorations. The spirit of generosity and goodwill toward men is thick in the air, and so is the wonderful aroma of pies, cakes, and Christmas cookies. Folks, I love Christmas time. But as wonderful as it all is, it brings about its own unique stresses. That’s why I’ve decided that today’s post will discuss how to avoid Christmas conflicts.
December 8, 2020

The Calculation: The Wealth Gap Formula Put To Work

Over the past few weeks, we’ve spent a lot of time talking about your retirement wealth gap. We’ve covered everything from inflation and normalizing your income to assuming the ROI of your business and your investment portfolio. Now that we’ve laid all of the groundwork, it’s finally time to identify the wealth gap formula. Today’s article will pull everything we’ve learned to this point, together and show you exactly how to calculate your own retirement wealth gap.
December 3, 2020

Assuming An ROI for Your Wealth Gap Calculations

Whenever we talk about calculating our retirement wealth gap, a common question comes up. This is the question of investment assumptions. What should we assume for our ROI when making these calculations? This can be a complicated issue because one of the ways to find the answer is to look at historic data across market indices.
November 17, 2020

Calculating Your Business’ ROI

Over the past few weeks, I have really had it pressed upon my heart to address some of the key topics that cause business owners the most fear and anxiety. These are the areas that run back and forth through the business owner’s mind as they lie in bed at night. The good news is that most of these fears can be mitigated through knowledge. In today’s post, we are going to continue to discuss the wealth gap. More specifically, I want to dive into calculating your business’ ROI or return on investment and how it pertains to your wealth gap.
This website uses cookies to improve your experience. By using this website you agree to our Cookie Policy.
Learn more...