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The “Golden” Medicare Years – Enrollment Considerations

As a follow up to our blog, The “Golden” Medicare Years,  part 2 discusses considerations as it relates to enrollment deadlines. There are two key situations explained below – turning age 65 and either having or not having access to group health insurance. Once you have accumulated 40 quarters of eligible work credit, you will […]

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3 Questions for Insurance Agency Owners in Today’s Seller’s Market

According to recent data released by Optis Partners, 2017 is on pace for another record-setting year of M&A activity in the insurance-broker space. Private Equity-backed buyer groups continue to drive up valuations creating many attractive opportunities for agency owners looking to sell. In fact, this seller’s market is creating too good to be true offers […]

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The Big Five

Have you ever been on an African safari?  Sadly, I never have.  Hopefully, someday… maybe once my kids are a bit older and the thought of a trans-continental flight isn’t quite so painful. For those who have been on a safari, you’re no doubt familiar with the concept of “The Big Five.”  The Big Five […]

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10 Easy Steps – Starting a Business Owner’s Financial Plan

Business owners can be like running backs in football – put your head down and go!  However, there are many obstacles – or defenses – in the way of sustained financial success.  To transition business wealth to personal retirement assets, consider the preliminary steps presented below. Net Worth and Cash Flow Statements –  Constructing a […]

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The “Golden” Medicare Years

Turning age 65 is a monumental time in life. For many it means years of hard work paying off in the form of retirement and entering the “golden years”.  Age 65 is monumental in another way – Medicare eligibility. This is the time when most people will transfer from private health insurance to government insurance. […]

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401(K) Must-Do’s

The 401(k) plan has been a long-time cornerstone in the retirement investment portfolio for Americans. At its foundation, it’s an employer sponsored savings plan that allows investors to siphon off a portion of their paycheck, either on a pre-tax or after-tax basis, into a tax-deferred investment account. While this is the most basic construct of […]

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Catching the Rain

Every lawyer knows the importance of rainmaking. It’s a ubiquitous discussion topic in law firm land.  Virtually every legal industry conference features sessions on rainmaking best practices and consultants crisscross America training the future rainmakers of Big Law. Rainmaking matters.  It greatly impacts your compensation and capacity to create wealth. While rainmaking largely drives how […]

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Protecting Assets Given to Children – What If They Get Divorced?

It is common for parents to make gifts of assets to their children.  Mom and Dad often make cash gifts while they are living or leave their assets to their children when both spouses have passed.   Sometimes, substantial gifts or distributions are made to children such as stock in family-owned businesses.  Can those assets be […]

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To Defer or Not to Defer

The uncertainty over future State and Federal Tax Rates is creating more client questions regarding deferred compensation plans. Over the past month, a couple of high-earning, commission based insurance producers asked for guidance with the decision to participate in their company’s non-qualified deferred compensation plan. Unfortunately, the decision to participate is not as straight forward […]

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Graduation Gifts with a Tax Break

Summertime brings us joy and excitement in many ways. There’s family barbeques, concerts, and weekend trips to the lake, just to name a few. It’s also a time for new experiences, as fresh empty-nesters pack up their cars and prepare to say goodbye to their recent high school graduates. With the 2017 Fall Semester looming […]

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Working Wealthy – What’s My Number?

Situationally speaking, this question might get different answers from different groups of people. I can still recite the phone number of my childhood home and the number of my best friend. Neither of us has lived at those addresses for over 20 years, but numbers have a funny way of sticking with a person. Others […]

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“Repeal” and “Replace (At a Later Date)”

The great debate between President Obama’s Affordable Care Act (ACA) and President Trump’s American Health Care Act (AHCA) has just begun. While the passing of the AHCA is the GOPs first attempt at reforming America’s health care, the final passage is still a long summer away. The House Bill that squeaked thru by a few […]

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