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.
March 26, 2021

The Steps to Get Started Planning for Retirement for Millennials

Most of the people who come in to talk about retirement are already middle-aged, and the end of their careers is looming within the next decade or so. Sometimes they’re prepared, but more often they’re not. I don’t get the pleasure of working with young couples and individuals as often as I’d like. Yet these people have the opportunity to make the most of their work years. With a little planning, some wise decisions, and a few (minor) sacrifices, they can help get on track for a secure and fun retirement. Add a little luck, and they may even be in a position to extend the fun by retiring EARLY!
February 9, 2021

What Financial Planners Do for Business Owners

I recently received an email from one of my podcast listeners. In it, they explained that they’ve listened to the show for quite a while and that they’ve learned a lot. However, they had a question that I’ve heard several times before. So, I thought that I would dedicate today’s post to answering their question. What do financial planners do for business owners?
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.
December 1, 2020

How to Calculate The ROI of Investment Property

As we continue our deep dive into bridging the retirement wealth gap, I want to take a look at a subject that affects so many of us. There are so many people who deal with this type of asset that it is one of the largest types of asset holdings in the investment world. I am speaking, of course, of real estate. Up to now, we’ve tackled how to calculate our wealth gap, business ROI, and even taxes at the time of sale. But in today’s entry, we will focus on how to calculate the ROI of investment property.
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