November 19, 2020
Do Taxes Matter

Do Taxes Matter? Understanding How Taxes Impact Your Wealth Gap

Over the last few weeks, I have been going over some of the things that keep business owners up at night. More specifically, I’ve been discussing the wealth or retirement gap that we all face. In today’s entry, I want to continue with this subject by answering a very important question… do taxes matter? The short answer is yes, of course. But as I dig deeper, I’m going to show you how taxes impact your wealth gap and your ability to accumulate the wealth you will need for your retirement. Join me as I unpack all of the pertinent details of this subject.
November 5, 2020
Wealth Gap

Calculating The Wealth Gap

In the introduction to this series, we discussed some of the biggest fears that business owners face. As we move forward, I’m going to share several calculations with you that can help put your fears into perspective and even create plans to put them behind you. With that said, today’s post is all about the wealth gap. Not sure what that means? Basically, it’s the difference between where you currently sit, financially, and where you need to be to live the lifestyle that you want to live during your retirement.
August 11, 2020
How to Hire a Good Financial Planner

How to Hire a Good Financial Planner

Finding financial experts these days can seem easier than slicing bread. A simple Google search will turn up everything from a virtual advisor to a planner in a brick-and-mortar store. You can cross state lines or settle for the person down the street. No matter who you choose to work with, there are a few important traits you’ll want to look for when you hire a good financial planner.
February 21, 2020
Is gold a good investment in 2021

Is Gold a Good Investment? Understand the Pros & Cons

We’ve all heard and seen the “buy gold” advertisements on radio and television. Usually, a paid celebrity will talk about how “bad” the markets can be and then pitch a gold product. The question is, how much attention should we give to these ads? Is gold a good investment? They tell us if the stock market crashes, this is one investment that won’t go belly up. However, gold is always compared to stocks, not fixed incomes like bonds.
December 27, 2019
best online retirement calculators

Take Action on your 401k to Secure your Future

In the past, most people found a job and stayed with it until retiring. However, times change. Studies suggest we hold down around eleven jobs from the age of 18 to retirement. Not only are we getting used to new surroundings and new colleagues eleven times, but it also possibly means a new 401k plan with each new company. If you just leave these 401k plans alone, they may not be in the best position for you at retirement, so here’s what you should actually do with them. What Are My Options for My 401k? When considering moving jobs, you’re probably thinking how it will affect your personal life, career, and more. For the most part, your 401k plan isn’t at the top of your list of priorities in making that decision. So it gets left alone. However, now is the time to change that for the betterment of your […]
October 15, 2019
small business retirement plans comparison - a guide to ones available to the business owners

Retirement Plans Comparison – A Comprehensive Assessment

As we begin our investing portion of the Personal Finance for the Business Owner series, I thought that it would be wise to, first, do a small business retirement plans comparison. Being prepared for our retirement is so vitally important, but there’s another reason for digging into this subject matter before we go much deeper into investing. When you are ready to begin investing, you need to know where to purchase those investments. Retirement accounts offer so many benefits and options in helping us to maximize our dollar and minimize our taxation, especially for business owners. With that said, get comfy because this is a lengthy post, but it is an extremely valuable one comparing retirement plans.