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Retirement Planning

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What’s your burn rate?

Recently I wrote a blog about “The Big Five of Retirement Planning” which are the five factors that most impact how successful your retirement will be… at least financially.  These are: How long you work How much you spend How much you save How hard your money works for you How long you live Other […]

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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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In the Middle of a Divorce? Move Fast to Control Taxes

The Tax Cut and Jobs Act of 2017 impacted all families, but the ramifications for families in the middle of a divorce are greater than most. Alimony Historically, alimony (often referred to as spousal support or maintenance) has been deductible by the payor and taxable to the recipient.  This benefited the family because the recipient […]

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This is Your Brain on Love

I am about to celebrate the first year of marriage to my beautiful wife. In just a short year, we got married, traveled throughout southeast Asia on our honeymoon, purchased a home, and had a lot of fun along the way. Naturally, we also started to combine our finances and think of ourselves as a […]

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4 Critical Issues Facing Law Firms Today

Over the past couple of years our firm has conducted over 200 interviews to better understand the challenges facing lawyers and law firms in today’s environment.  The most commonly-cited challenges I hear from law firm leaders and individual lawyers are (in no particular order): Rainmaking Attracting and retaining talent Succession planning, and Retirement planning and […]

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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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Helpful Hints to Help Ease the Holiday Divorce Stress

The Holidays tend to elicit a range of emotions for all of us.  The excitement of gifts and special time with family and friends, offset by the stress of extra shopping and events.  Many of us are either directly or indirectly affected by divorce.  The complexity of the additional houses and celebrations often intensify the […]

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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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Love, Loss, Legacy – The Top 3 Reasons Financial Professionals Hire a Private Wealth Advisor

“I work in finance…why do I need to hire a financial advisor?” It’s a question and topic area that I have spent many months researching. The financial professionals that I interviewed included those that work within the private equity, investment banking, and asset management industry. Their expertise within the finance field is obviously more advanced […]

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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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