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Business Owners

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Spouse In The Loop

Is your spouse fully informed about family or business affairs? One of the greatest threats to the survival of a business is a lack of proper planning and communication. Unexpected things can happen, so it is essential to be prepared. If an untimely event occurs, a spouse can be forced to make tough decisions at […]

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Medicare 2018 – Key Enrollment Dates and Important Changes

For those 65 and older, fall not only brings with it apple picking, leaves changing colors and securing travel plans to escape the cold Midwest winters, it is also the time of year for Medicare participants to decide if changes should be made to their health insurance plans. Below, are the key enrollments dates […]

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The Best States to Retire in From a Tax Perspective

Many factors influence the decision of where to retire.  Family, familiarity of surroundings, climate and cost of living are among the many factors that affect one’s choice of where to spend retirement years.  What about state taxes?  They are often overlooked and just “accepted” as an expense.  However, for those with a keen eye for […]

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IRS Contact Methods – What is Normal?

You hear the ads all the time: “the IRS will hunt you down!”  But will they?  The chance your tax return is audited by the IRS certainly exists, but it’s very slim.  However, this has not stopped scammers from trying to trick you while pretending to be the IRS.  Criminals can impersonate an IRS agent […]

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Planning For Your Personal Exit

In the professional world of finance, everyone is seeking a perfect exit opportunity for their investment. Depending on the specific role, that exit may look slightly different. For private equity professionals and investment bankers, it can be selling an operating company. For asset managers, it can be selling an investment after their thesis came to […]

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Put Your Money to Work

This is the fourth installment in a series of blog posts on “The Big Five of Retirement Planning” which are the five factors that will most profoundly impact how successful your retirement plan will be. Today, we will focus on factor #4 – How hard your money works for you. Saving for retirement is not […]

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Key Questions to Consider Before Selling

The number of Mergers and Acquisitions of independent insurance agencies were at an all-time high in 2017, and the market remains strong in 2018 as large agencies and brokers continue to buy up smaller firms. The number of buyers continues to out weight the number of sellers which has created attractive valuations and selling terms […]

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Make Rain While The Sun Shines

This is the third installment in a series of blog posts on “The Big Five of Retirement Planning.” The “big five” are the five factors that will most profoundly impact how successful your retirement plan will be. Today we will focus on factor #3 – How much you save. To examine this point we have […]

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Selling Your Business? 3 Critical Actions to Take Now

Business Owners put their head down and go.  Usually, they dedicate no time for extensive business or personal planning.  When the time to sell arrives, owners often move ahead without critical planning that can help boost the value of the business and enhance their overall estate and financial plans.  Spending a little bit of time […]

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Make it Fast, Make it Last: Strategies to Build and Sustain Wealth

Intelligent, hardworking insurance professionals have the opportunity to earn an exceptional living selling insurance. The top performing producers are in high demand and are compensated very well for their ability to develop new business. Unfortunately, high income does not always lead to financial security. Building and sustaining wealth takes practice and discipline. Below are the […]

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3 Reasons to Change Your Estate Plan After the Tax Cuts and Jobs Act of 2017

The Tax Cuts and Jobs Act of 2017 created many planning opportunities.  The Act raised the per person estate tax exemption to $11,200,000.  Therefore, the estate tax will apply to very few people – that is until at least December 31, 2025, which is when the new law “sunsets.”  Estate planning has changed to focus […]

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3 Lessons Learned From Failed New Year’s Resolutions

Every January 1st approximately four out of ten people make New Year’s resolutions. Unfortunately, a third of resolutions are broken by February 1st. In discussing this trend with an insurance agency owner over lunch this past December, he confided with me that he and his team did not have sales goals and he was using […]

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