As the year grows to a close, we tend to reflect on what we have accomplished in our business and what shortfalls that we may have encountered. It’s important to never lose site of the long-term plan whilst we focus on the day-to-day chaos. Focusing on the long term plan includes retirement planning for the business owner as well as the employees. Here are a few ways to potentially help secure your future:
Explore benefits of a Solo 401(k) PSP (Profit Sharing Plan):
How familiar are you with your company supplied health insurance plan? Are you fully familiar and are utilizing all the benefits provided to you? While you know that it is available to you for doctor visits and the occasional (I hope very occasional) hospital visit, are you familiar with the other benefits your plan may afford you?
Almost all plans allow for “wellness exams.” The insurance companies have finally figured out a healthy insured is… Continue reading | 2 Comments
As a financial planner, my day is structured with client appointments, meetings, and scheduled events from the minute I get into the office until the (eventual) end of the day. I put all of my appointments into my Outlook calendar and hot-sync it to my phone so I have my calendar and contacts list with me at all times. My phone is an integral part of my day, using it for all the applications available to me as well as using it for an actual phone call… Continue reading
I wrote back in October that I just could not see our Congressional leaders in Washington D.C. allowing a “loophole” to remain in the current estate tax rules that are in effect. Specifically, the loophole that exists for the calendar year 2010 is that there is no estate tax for that year only. As I had indicated at that time, I just could not see the administration letting any potential tax dollars slipping away.
Sure enough the House of Representatives this week passed a… Continue reading | 1 Comment
It is truly a delicate world that we live in today. As we read the papers, or listen to the news, we all are aware of the many serious situations that make up our world today. War, recession, murder, H1N1 and other serious and tragic circumstances make the news both riveting and frightening. So let’s take a microscopic look at the news of today…
Michaele and Tareq Salahi, husband and wife reality show wanna-be’s elude the White House Secret Service and crash the President’s Annual Steak… Continue reading
