Blog Posts

Checklist: What Issues Should I Consider When Planning for the Sale, Disposition, or Succession of My Business?

Checklist: What Issues Should I Consider When Planning for the Sale, Disposition, or Succession of My Business?

Planning for the sale, disposition, or succession of one’s business is a challenging process. This topic may be on your mind as a business owner, yet many struggle to take action and start planning.

Where should you start? What questions should you ask when addressing your exit strategy?

One thing to note: we RARELY hear people say they started the process too early. Consider starting earlier than you have planned, as these transitions are often years in the making.

This checklist covers key issues to consider when making decisions regarding the sale, disposition, or succession of your business, such as:

SECURE Act 2.0: An Overview

SECURE Act 2.0: An Overview

In the final days of 2022, Congress passed a new set of retirement rules designed to facilitate contributions to retirement plans and access to those funds earmarked for retirement.

The law is called SECURE 2.0, and it is a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in 2019.

The sweeping legislation has dozens of significant provisions; here are the major provisions of the new law.

Insurance Needs Assessment: For Empty Nesters and Retirees

Insurance Needs Assessment: For Empty Nesters and Retirees

Although retirement should be a priority throughout your lifetime, when children leave the house, financial priorities tend to become more focused on preparing for retirement. At this stage, you may very likely be at the height of your earning potential and fast approaching peak savings as you lay the groundwork for retirement. During this final leg toward retirement, and throughout your retirement years, wealth protection is critical.

The preservation of your assets may not be solely a function of your financial planning and investment strategy but may also include a comprehensive insurance approach to protect you against an array of financial risks, most especially health care.

In addition to wealth protection, you may also now be seriously contemplating a number of important estate and legacy objectives.

The Psychology of Behavior: Knowing How-To Doesn’t Mean Much

The Psychology of Behavior: Knowing How-To Doesn’t Mean Much

By Jessica Searcy Kmetty

I KNOW how to work out. I KNOW how to play tennis and lift weights. I KNOW how to run a business.

Knowing isn’t enough.

Ask the millions of people who are struggling with any number of issues and chances are they could rattle off 5-10 things they KNOW would change their situation for the better. And if you ask them how many of those 5-10 things they’re doing, the answer might be ZERO.

Knowing isn’t enough.

Annual Limits and Important Numbers for 2023

Annual Limits and Important Numbers for 2023

There are lots of important numbers that relate to your financial affairs, and they come from many sources. In some cases, those numbers are annual limits that change each year. Other times, the figures do not often change, but are used frequently or you want to be able to easily access them when needed.