Executives & Business Owners
Three Stimulus Benefits You Need to Know in 2021
Welcome to the Year 2021! The end of 2020 produced quite a bit of drama for many who follow our government and its impact on personal finances. After a great deal of mud wrestling, a bill was signed by the President that ultimately rewarded many citizens with stimulus checks. The checks were clearly the most…
Read MoreVideo: 4 Reasons Executives and Business Owners Should Consider a Health Savings Account
Video Transcript Charles J. Lewandowski CFP® (00:00): Welcome to the Prudent Retirement Planning channel. This channel is devoted to those of you contemplating retirement, visualizing retirement or dreading retirement. If you’re within 15 years of that day, this channel is for you. My name is Chuck Lewandowski. I’m a CERTIFIED FINANCIAL PLANNER professional and today…
Read MoreDoes Your Dental Practice 401(k) Plan Need a Good Flossing?
A dental practice’s retirement plan often represents the second biggest accumulation of wealth for the owners of the practice. In some cases, the retirement plan’s value to the participating dental professional may meet or exceed the value of the practice itself. As the practice grows with time, it is extremely important the owners evaluate retirement…
Read MoreWhich Tax Saving Perk Do Executives Consistently Ignore During Annual Benefits Enrollment?
Joan Babab is a highly compensated Director at a large health care company. Her husband, Alex, also is at the top of the pay scale at his employer. They consistently fall into the highest tax brackets when they file their federal income tax return. Joan is very conscientious when she selects her benefits each fall. She…
Read MoreThanks, Boss, for the Restricted Stock and RSU’s! What Are They and What Do I Do Now?
By Charles J. Lewandowski CFP® MBA Sue and Jim recently came to my office to discuss their new compensation packages. Sue, a VP at a startup Technology company had received a Restricted Stock award and Jim received a Restricted Stock Unit (RSU) grant from his employer, a large Health Care conglomerate. Neither of them understood…
Read MoreDoes Your Professional Services Firm Make These 3 Financial Planning Miscalculations?
By Charles J. Lewandowski CFP®, MBA Closely held professional services firms may share several common characteristics: · One or two founding employees run the business and generate most of the revenue. · The founders intend on selling the company to fund their retirement. · If there is a staff, it consists of well compensated technical support personnel. · There…
Read MoreFive Ways to Maximize Charitable Giving During COVID-19
The COVID -19 virus has impacted many non-profit institutions that rely on donations to further their mission. There has been a tragic human toll throughout the country causing all organizations to re-think methods of operating. The new routines, while saving human lives, have resulted in actions that turn normal operating procedures on their heads. One…
Read MoreOverweight in Company Stock? A Tax-Efficient Solution with a Feel-Good Chaser
By Charles J. Lewandowski, CFP®,MBA It’s a great time for successful executives to participate in the stock market. Unfortunately, one of the unintended consequences of the superior performance of the U. S. market is that many executives find themselves with large concentrations of company stock. This lack of diversification adds risk to a portfolio while…
Read MoreThree Reasons Why a SOLO 401k Makes Sense for Sole Proprietors in 2020!
By Charles J. Lewandowski CFP®, MBA Happy New Year business owners! As you close the books on 2019, you may be patting yourself on the back for taking your accountant’s advice by fully funding your SEP IRA. However, you would have liked to contribute more so you could reduce your tax burden or have a…
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