Executives & Business Owners
Top Gun Triathlon
Move over Tom Cruise! There’s a new Top Gun (Triathlon Finisher)!* Set a Goal* Assess Your Current Condition* Make a Plan* Monitor Your Progress* Revise as Necessary* Celebrate Your Victories!#financialplanning #cfppro #believe
Read MoreAre You Ready For the Retirement Triathlon? Three Areas You Must Consider.
If you’re an executive considering the “work Optional” phase in the next 5-10 years, there are three areas you must consider; Cash flow, retirement income, and taxes.
Read MoreAre You Missing This 401k Strategy That Helps Professionals Save More For Retirement?
Cross Tested Retirement Plans allow professional business owners such as Dentists, Doctors, Attorneys, and CPA’s to save more for retirement and reduce taxes. These plans are most suitable for business whose owners are generally older and more highly compensated than other employees. They may be most appropriate for professionals who own their firm and are approaching retirement.
Read MoreFinancial Planning News You Can Use- Episode 2 -Wealth, Health, and Congressional Stealth
Executives and business owners should be aware of changes to 401k limits, preventing financial hardship due to illness, and the benefits of donor advised funds.
Read MoreThree Tips for Executives Joining the Great Resignation
Many executives are re-thinking their careers. Here are three factors you need to consider before you take the leap into a solo gig or retirement.
– Do you know your family’s income requirements?
– Have you developed a plan for tax efficient income?
– Have you thought about health care?
3 Ways to Improve Your Small Business 401k Plan
Transcript (00:00): Welcome back business owners. As your business matures, you may experience several different growth stages. Like a parent watching their child’s shoe size, you should determine if your retirement plan has kept pace at each level of growth. If you fail to adjust, your company’s retirement plan, like the child’s old shoes may…
Read MoreSole Proprietor? Three Reasons You Should Consider a Solo 401(k)
Transcript: Hello, everyone. I’d like to talk to you about my friend. Roger. Roger is an elite 50 year old triathlete. I don’t think I’ve met many people as determined as Roger. He has used the same triathlete mindset to become a successful real estate investor. (00:15): He earns income as a property manager, in…
Read MoreAre You a Sole Proprietor? Which Retirement Plan is Best for You?
If you are a successful independent contractor, sole-proprietor, or gig worker, you have several options to save for retirement and reduce taxable income. SEP IRA and Solo 401(k) plans are designed to maximize retirement savings for the self-employed
Read More3 Costly Mistakes You Need to Avoid When Exercising Your Stock Options
Stock options can be a very lucrative form of employee compensation. When I was recruited by a Fortune 50 company for an executive position, options were the most appealing aspect of the compensation package that was offered. Recent initial public offerings (IPO) in shares of companies like AirBnB, Poshmark, and DoorDash have created significant wealth,…
Read MoreCompany Stock in your 401(k)? Why You May Want to Re-Think That Rollover
The NUA rule allows the employee to treat the distribution of company shares differently than the remainder of the 401(k) investments.
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