Protect Your Young Children Through Estate Planning

While many people find estate planning important, those with small children may find it especially critical. An estate plan can be a helpful planning tool to ensure your children are protected in the event that something happens to you. You may use your estate plan to appoint guardians for your minor children, as well as […]

Business Owners: Do You Have a Succession Plan?

Succession planning is very important for business owners, especially those with a family-owned business. Before you sit down with your tax and legal advisors to draw up a succession plan, you should think through three important issues: Who: The question of who will succeed you in the business can be the toughest of all. Most […]

Kick Your Record Keeping Skills Into High Gear

Tax law change can be good — but it can also be messy. Make sure you’re keeping track of everything you need for the 2018 tax season (and beyond) using these pro-approved tips: 1. Create a separate bank account for all self-employed business activity. This will greatly minimize confusion come tax time by giving you […]

Make sure you’ve got a plan for your RMDs

Business Consultants In Florida

After all the advice you’ve received about saving for retirement, taking money out of your traditional IRAs and other qualified retirement plans may feel strange. Yet once you reach 70½, the required minimum distribution (RMD) rules say you have to do just that. Under these rules, you must withdraw at least a minimum amount from […]

Your child wants to start a business. Now what?

Has your child asked for your help with starting a business? If the answer’s yes, chances are you may not know where to start. Since the failure rate for new businesses is high, it would be supportive for you to do whatever you can to increase your child’s chances of success. That includes considering the […]

Steer clear of these 5 retirement plan mistakes

Participating in a 401(k) or similar retirement plan is a tax-advantaged way to save for retirement. If you have the option of participating in a 401(k) plan, avoid these five common mistakes: Not taking full advantage. Too many employees opt out of the plan or don’t contribute as much as they can afford. At a […]

College and Credit Cards: A Good Mix?

If you’ve gone back and forth about whether or not it’s a good idea to send your child to college with a credit card, you aren’t alone. Opinions are divided, both among parents and financial advisors. The outcome depends on the kids and the parents. On one hand, there’s a potential that everyone will benefit. […]

3 Debt-Destroying Habits Everyone Should Follow

Staying out of debt is simple, but it’s not easy. It requires resilience — forgoing impulsive purchases in exchange for long-term financial freedom. Personal debt can be categorized as necessary or unnecessary. Necessary debt can generally be linked to assets such as your home mortgage, a basic car for getting to work, or a college […]

How to Get Your Customers to Pay Up

Your customer is satisfied — but a month has gone by, and your invoice is still outstanding. You’d like to work with the customer in the future. So how do you get your money without losing the customer? Here are two strategies that may help: Make it a habit to clearly and promptly communicate with […]

Want to retire someday? Here’s how to save more now:

Need to save more for retirement? Here are some questions to ask yourself to help you get started and stay on track:  How much money do you need? The number of years you have before retirement will help determine how much you will need to invest each month to reach your financial goal.   Is your […]