Bright Ideas

Choosing the right advisor

As the saying goes, "When times are good, anyone can make money." In the tenth year if the bull market following the Great Recession, markets are at or near all-time highs, but recent volatility has some investors uncertain on where the markets will go from here. Many are re-evaluating their relationship with their financial advisor to ensure that they are in good hands.

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Bright Ideas

Read what Brightworth advisors and planners have to say about wisely managing your financial future.

When we advise business owners at Brightworth, we focus on developing and integrating financial, tax, and investment strategies for clients and their businesses so they can spend more time running their businesses, living their lives and loving the journey. Never is that relationship and process more important than when a client realizes that it’s time to exit the business.

piggy bank

Many people are spending less money becase of the Coronavirus pandemic. Associate wealth Advisor Josh Monroe shares how to make the most of your new spending habits.

woman excited about job offer

With skyrocketing unemployment rates due to Covid-19, many people are finding themselves searching for new job opportunities. Wealth Advisor Patricia Sklar shares her advice on determining which opportunities to go after.

small business owners in a warehouse

In this edition of the Brightworth Business Owner Discussion Series we’ll talk about many issues including:

  • What precautions to take when re-entering the workplace.
  • What to do if one of your employees contracts COVID-19.
  • How to determine what personal protection equipment is appropriate, and guidelines for safe work environment practices.   

If you’re in your 40s, you’ve been growing your wealth in the last decade since the 2008 recession. Now, you might have questions about how this current bear market will affect your 401(k). Associate Wealth Advisor Josh Monroe shares the reassuring answers he gives to his clients.

Ever wondered what you shouldn’t do with your money? If you are a Millennial trying to build wealth you should really read Tom Presley's article featured on Kiplinger.com on 10 Money Mistakes Millennials Need to Avoid!

Bright Blog

Check out what Brightworth advisors and planners have to say about wisely managing your financial future.

 

90 ON Tue, 06/30/2020 - 13:27

The US is one of few  countries without national paid maternity leave. While the Family and Medical Leave Act (FMLA) guarantees 12 weeks of job-protected time off, this law only applies to public agencies, public and private elementary and secondary schools, and companies with 50 or more employees. Your employer decides whether, and how much you will be compensated when you go on leave. As a result, most families will need to protect themselves financially.

10 ON Mon, 06/08/2020 - 15:18

The tenth episode of Taking Stock with Lisa Brown is The Real Estate Market Amidst the Pandemic.

15 ON Mon, 06/08/2020 - 13:24

Volatility is back!  Last week the stock market suffered one of its worst declines in months leaving many investors questioning if the rally from the March lows has come to an end.  Prior to this sharp drop stocks had been consistently marching higher and higher leaving many investors perplexed as to why.  After all, consumer confidence remains low, corporate earnings are projected to collapse 30% or more in 2020, and unemployment is over 13%.  Couple this with an escalation of geopolitical pressures abroad and racial tensions here at home and you seemingly have a perfect storm for financial market Armageddon.

11 ON Mon, 06/08/2020 - 13:09

When it comes to your financial lives, ignorance isn’t always bliss, especially when it leads to procrastination, avoiding hard decisions, and not accepting the limitations of your resources. Living in ignorance or denial is not a healthy, long-term posture for financial success. But 2020 has been an unusual year, to put it mildly. I would imagine we have all had an ostrich moment or two in the last few months as many of our usual escapes - sports, social events, vacation, etc.  - are not available.

86 ON Wed, 05/13/2020 - 15:48

On Thursday, May 7, 2020, the Brightworth Business Exit and Transition Services (BETS) Team hosted a webinar for business owners with Jonathan Minnen, an attorney with Smith, Gambrell and Russell. On the webinar, Jonathan spoke to business owners about best practices for reopening businesses which have been closed or operating in a reduced capacity, as a result of the novel coronavirus. Following is a summary of Jonathan’s remarks.

15 ON Wed, 05/13/2020 - 11:29

Last month stocks delivered their best monthly return since 1987 with the S&P 500 rising 13%.  Stocks have built on these gains marginally in May, pushing the index up 34% from its March low and down less than 9% for the year.  Keep in mind this comes on the heels of a 31.5% return in 2019.

11 ON Wed, 05/13/2020 - 10:45

Things are different than you planned. The assumptions of your plan have changed. That may require a new approach and a resetting of what your “retirement dream” will be. Use this time to refocus on what matters most in your life. Use the strength of your experience to craft a work-life and retirement around that purpose.

351 ON Tue, 04/21/2020 - 15:55

Most areas of life require us to take action when something goes wrong. If your house catches fire, you should grab a fire extinguisher or call the fire department. If you break an arm, you need to go see a doctor to get it fixed. But there are a few areas where it is best to do the least intuitive thing of all: absolutely nothing.

114 ON Tue, 04/21/2020 - 11:44

In my new day-to-day in which video conferences supplement my previous electronic diet of texts and emails, there’s a recurrent theme emerging beneath the purely transactional messages. Am I doing enough?

11 ON Tue, 04/21/2020 - 09:39

In our Retiring Well content, we talk a lot about health and wellness. It should come as no shock that healthcare and health-related costs make up a significant portion of both potential retirement expenses and anxiety levels.

86 ON Wed, 04/15/2020 - 09:49

Business owners - when we finally emerge from the coronavirus pandemic, how would you like to take a nice, long vacation?  I’m not talking about a week at your favorite spot on the beach or in the mountains.  I mean a month, three months or more.  Can’t imagine being away from your business that long?

291 ON Tue, 04/14/2020 - 14:38

With millions of people working from home now, and some suddenly having to get creative with their home office set up, make sure you are still working in a healthy environment.  Here are some tips to improve your new workspace!