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June 13, 2018
CONGRATULATIONS, friend! You just sold your business!!! You’ve realized success! Assuming that the statistics from the Exit Planning Institute are true, and 80% of businesses below 50 million dollars in revenue never sell, then you’ve just joined an elite minority of business owners. Way to go! You’ve just done something that few people have ever done. But what do you do now? If you’ve just received a financial windfall, what do you do with the money after the sale of your business?
April 26, 2018
One of the most common questions I get on a daily basis is—will the stock market go up or down in the near future? My standard response to that is—it’s going to go up OR it’s going to go down. Pick your direction. If the stock market was predictable from one day to the next, then we wouldn’t have the Powerball! We would all be independently wealthy.
April 19, 2018
Pulling money from your retirement account could cost you more than you think. No matter how small the amount, it could be costly to your future. Most people will judge the value of a financial advisor by how big or how great their portfolio performance. However, I’m here to tell you that’s not always the case. A true wealth planner someone who can look holistically at someone’s wealth can save you a ton of money. Let me explain.
January 31, 2018
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.
January 10, 2018
When it comes to paying your mortgage everyone knows you can save money on the interest by shelling out a little more and applying it to the principal. That means additional principal payments benefit you later on, right? You may also view one dollar today as the same dollar tomorrow. However, that’s not technically true. It depends on how much and why you spend it. If that seems a little confusing, let me break it down a bit more for you. That way you’ll know how much you really are or are not saving.
January 1, 2018
We all do it at the beginning of every year; make resolutions with the intention of keeping them. And while you have kissed 2017 goodbye, it doesn’t mean you’re ready to tackle 2018, especially when it comes to your finances. So we here at Financially Simple decided to help you become happy, healthy and wealthy (to some degree) with 18 tips to help you clearly define and keep your financial New Years resolutions for 2018.