Blogs

Set Up a Donor Advised Fund in 2018? Plan Now for 2019

So, your taxes are either filed or extended. How did you fare with the new tax law? Much has been written about the impact of the new federal tax law on allowable itemized deductions. Between the increased standard deduction and major changes to popular areas such as state and local taxes (SALT) and miscellaneous itemized deductions, many taxpayers are finding limited options for reducing their taxable income. 

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Switching from a Two-Income Household to Just One

Are you considering leaving your job to be a stay-at-home parent? If you’re a little older, how about going back to school for a new degree or retiring earlier than your spouse?

Whatever the reason a working couple is considering going from two incomes to one, this decision can sometimes be overwhelming and even frightening. However, like many major events, anyone can sail through this transition with proper planning and be glad they made the change.

 

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Who Do I Want to Sell My Business To?

As mentioned in Part 1, most business owners will leave substantial dollars on the table when they sell their business, and less than one-third of business owners will be able to successfully transition out of their business.  As a business owner who wants to get full value from a sale, identifying your most likely target buyer will both guide your transition planning while also helping you to determine the likely terms of your eventual sale.  Broadly speaking, there are two types of potential buyers.

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Business Owners: Are you asking the right questions?

If you’re a business owner, you’ve likely spent years, possibly decades, building your business. No doubt you’ve poured your heart, soul and much of your finances into making your business successful.  Unfortunately, if you’re like most business owners, you probably haven’t spent much time planning to capture the value you’ve created in your business.  That is, you probably don’t know how you’re going to sell your business…

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Does It Makes Sense to Buy Hybrid Long-Term Care Insurance?

In my work, I’m increasingly discussing with Baby Boomers how to pay for any long-term health needs they may incur in the future. For some, purchasing a hybrid long-term care policy is often a good solution.

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Teaching Young Kids About Money

What did your parents teach you about money growing up? Was money an open conversation in your family or a taboo topic? Regardless of their intentions, each of our parents taught us something about money. Here are some tips for how to purposefully teach your young children about money and make it fun!

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Now That Stock Prices Have Rebounded, How Do I Protect My Gains?

Now that the U.S. stock market has recaptured most of its losses from 2018’s fourth quarter, many investors are breathing a sigh of relief. From its lows on December 24, the Standard & Poor’s 500 Index jumped 18 percent through the end of February. The index is now within striking distance of a record high.

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Film One Scene at a Time

I hate this cliché, but it kind of fits…Rome wasn’t built in a day. Your goals don’t have to be accomplished in day, or even a year. The important thing is to set goals, make progress and keep at it. Doing nothing will not produce results. As Mark Twain famously said, “The secret of getting ahead is getting started.”

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Characteristics of Bear Markets

It’s been 10 years since the last bear market, commonly defined as a sustained decline of 20 percent or more. We experienced a significant correction late last year, with stock dropping almost, but not quite 20 percent. Equity prices have since staged an impressive recovery so far this year. While we don’t know if the next bear market is right around the corner or a long time away, to successfully navigate the next one and keep their investment strategy intact, investors need to know three things...

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Is the United States Headed for Recession in 2019?

Investors know stocks often stumble during economic recessions, so it’s no surprise we are frequently asked if a US recession is likely in 2019. The good news is that the economy is expected to continue to grow this year, making it the longest economic expansion in US history.

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