While your day-to-day focus is on running your family business, it's important to keep an eye on the future as well. If you haven't considered business succession planning yet, here's where to start.
Are you ready for Medicare's open enrollment? Here are a few changes you can make to your health coverage during this time.
As a C-Suite executive, your company may offer you a Supplemental Executive Retirement Plan. Before making any changes to your current retirement savings strategy, review these considerations first.
Retirement is about enjoying your financial independence, but it doesn't mean you have to stop working. In fact, there are a few reasons why you may want to consider it.
As a child, my dad always made a point to try to teach me lessons about money, law and practical life skills. He also taught me duct tape can fix just about everything. One lesson that stuck with me, because is constantly repeated it, was the "Rule of 72". I'm not exactly a "rule of thumb" person but the Rule of 72 is knowledge he passed on that I use almost daily. When it comes to saving for retirement, the power of compounding interest should never be underestimated. And as a responsible investor, it can be helpful to know how long it would take to double your investment at a fixed rate of return. The Rule of 72 can be used as a quick rule of thumb to help determine this answer.
Hurricane season is here, and it's important to be prepared. Ensuring that you and your family are ready if disaster strikes is key to keeping your loved ones safe.
Putting together an estate plan can feel overwhelming, but it's an integral part of seeing your final wishes through. Take time to sort through each of these items with your financial advisor to help keep your estate and your loved ones well-organized and prepared.
Sending your kid off to college comes with a hefty price tag. Here's a quick overview of what expenses may qualify for a reduction in your taxes plus 3 tax-focused savings strategies.
Preserving wealth for generations to come is no easy feat, but there are some assumptions that just aren't true. If you want to help ensure generational wealth for your family, here are 5 things you should know.
Nothing says the Fourth of July like fireworks, hot dogs and summer fun. But in honor of Independence Day, spend some time this month working toward your own financial freedom as well. Here are 5 steps to help you find your financial independence.