Counting on Your Business To Finance Retirement?
Not so fast. It’s common for a 60-something business owner to count on finding a buyer, selling for an attractive figure, then live off the
Not so fast. It’s common for a 60-something business owner to count on finding a buyer, selling for an attractive figure, then live off the
You own an illiquid asset (land, buildings, etc) and you’d like to sell; but, you don’t want to get hammered with capital gains taxes (now
Here’s a quick checklist, courtesy of Kathleen McBride, Editor-in-Chief of Wealth Channel, AdvisorOne. You may want to sit down with your estate-planning attorney and review it
Hey, they ain’t making any more of it! Unlike the dollar, the government can’t print real estate; so, I’ve been a long proponent of real estate
The Investment decisions we make aren’t always about investing, after all. Your cousin Willie calls you and tells you he’s going to open a taco stand in
1. LOVE YOURSELF – It is the nucleus for all motivation. You have to feel good about yourself! A good place to begin is your physical
“A taxpayer is someone who works for the government, but doesn’t have to take the Civil Service Exam.” – Ronald Reagan Is the government your
This is the test of whether you own a business or a job. Back in the days when I was in publishing, I read Robert Townshend’s Up The Organization, which
Retirement planning for owner-employees, executives, and other highly-compensated employees can often fail because of one well-kept secret: These people will rarely, if ever, be able
Retirement planning isn’t about gambling; it’s about, well, planning. I noticed a recent Twitter post from US News & World Report entitled, 9 Simple Ways To Quit Worrying About
We all know the Fed target is 2% inflation; but, since COVID-19 and all the accompanying spending, it’s been tough going for the Fed. While the rate of inflation has been slowly declining, it’s still stubbornly around 3% – and with people living longer, it can still spell disaster for those facing retirement, especially with longer life expectancies.
Retirement milestones should actually begin the day you leave school and enter the workforce; but few people think about retirement at that age. They’re too busy starting careers. If they achieve early success, they won’t even be worried about retirement. It’s been my experience that it’s after age 50 they come through my door. By that time they’re done with stock tips and chasing rainbows. Age 50 has a way of making all of us start thinking.