Business Exit Planning – Income Needed

While working on setting a date, you can get started on a second element: making a preliminary analysis of your financial needs. Most of us have been through the exercise of listing assets and expenses so that our financial advisor can plug in various growth and inflation assumptions as well as our life expectancies and

Business Exit Planning – Departure Date

Setting a target departure date is absolutely indispensable to creating an exit plan. An exit plan for an owner who wants out in two years will look quite different than the plan for the same owner willing to stay for ten. Some owners, however, attempt to avoid establishing this date because they believe that they

Don’t Let Your Key Employees Jump Ship

Next-level management teams are the drivers behind building business value. But how can you and your advisors attract and keep next-level management teams? The answer lies within incentive plans. When incentive plans are properly designed and implemented, your business has the potential to grow well after you sell. Well-executed incentive plans can motivate each member

If You Don’t Uncover the Skeletons in Your Closet, Your Buyer Will

Starting the preparations to sell your business is never easy. Selling or buying a business comes with mixed emotions and hard decisions. There are a lot of variables to consider. One action item to discuss early is the process of due diligence. In order for you to attract a buyer to your company, you must

October 2020

  In this issue we will be covering these topics: Play the Center Square – and Dominate! 401(k) Loans and Unemployment – a Bad Combo Deposits: How Magic Happens! The Household CFO: Efficient or Risky?

September 2020

  In this issue we will be covering these topics: The View From Mount Stupid Non-Guaranteed Assets: In Theory and Practice Has the Pandemic Locked You Out of a HELOC? The Blue Zone Financial Professional

August 2020

In this issue we will be covering these topics: Living Prudently in the Now A One-Club Suggestion for Personal Finance Remote Work, Nexus, and Jock Taxes Technology Dilemma: When is Easier Better?

July 2020

In this issue we will be covering these topics: Why Your “Number” is Really Two Numbers Financial Insight From the Pandemic: Many Americans Didn’t Make Their Beds The Cares Act: Yes or No to CRDs or RMDs The $10 Million American Life

June 2020

  In this issue we will be covering these topics: Surviving the Black Swan Will You Lose Your Rings in Retirement? A Real-Life Risk Tolerance Test Not Having Insurance Makes Me More Careful (WHAT?!)

May 2020

In this issue we will be covering these topics: Balancing Efficiency and Resilience Cash Values for Retirement Income: A Case Study The Special Needs Trust: A Hopeful Answer to Tough Questions The Actuaries Have Spoken: TWD is Risky!