Browse recent articles or search for a specific topic.
How To Approach Selling Your Small Business
Many entrepreneurs dream of the day that they can sell their business. However, selling a small business isn’t as simple as preparing to sell a publicly traded stock or even a home. This is how to approach selling your business, along with some financial and tax considerations to bear in mind.
Why You Shouldn’t Try To Time The Market, Even During An Election Year
Every year, no matter what the market does, people ask me, “Is this a good time to invest? Should I be going more conservative because of X, Y, or Z factor?” That’s particularly true this year, with a presidential election on the horizon.
Every year, the answer is the same. Successfully leaving and reentering the market at the right times is nearly impossible, and usually ends up with investors leaving significant money on the table. This is a discussion of market timing and how you should invest your portfolio, even in times of turbulence.
How High Earners Can Save Money After Maxing Employer Retirement Plans
Contribution limits on 401(k) and other retirement plans can be frustrating for people earning more than $250,000 per year who want to utilize tax-advantaged investments for their long-term financial goals.
As an employee at a company, you don’t have as much control over retirement vehicles as a business owner does. Your plan may limit you to $23,000 per year if you’re younger than age 50 in 2024. Here is where you can save money once you’ve maxed out your employer-sponsored retirement plan, along with some of the tax implications of each option.
Evaluating The Pros And Cons Of Your Employee Stock Purchase Program
Many publicly traded companies offer employees the chance to purchase discounted company stock at regular intervals through an Employee Stock Purchase Program (ESPP). While some of your coworkers may be telling you this is a no-brainer and amounts to free money, others may be cautious and opt not to participate in the program at all. This is how to weigh the benefits and drawbacks of the ESPP offered by your employer.
How Inflation Impacts Your Financial Plan And What To Do About It
Before the 2020 Covid-19 pandemic, I noticed that not many of the investors I spoke with were very concerned about how the increase in the cost of goods and services impacted their daily lives. This increase is is known as inflation and since 2020, many investors have expressed concerns about it. Here is how inflation impacts your financial plan and some steps you can take to reduce its impact.
MY BOOK
I seek to make personal financial planning less scary.
This book provides a simple guide for working through life's biggest financial questions facing couples in their 20s, 30s, and early 40s today. It starts with goals-based planning around topics including retirement planning, education planning, and major purchase planning. It then walks through some basics of investment management, options for how to invest, behavioral finance, and pitfalls to avoid. Lastly, it discusses risk management and insurance.
If you are not sure where to start, this book may provide some clarity.