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On The Horizon Blog

The financial planning and investment landscape changes at a dizzying speed – and often with conflicting messages. Read our team of specialists’ advice on saving, spending, investing, retirement, taxes, giving and more to help you enjoy a full life.

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Tax Increases and Stock Options. What Does This Mean for You?

With possible tax increases coming soon, what does that mean for your stock options? A new bill could be passed at the 11th hour, and with year-end approaching, now is the time to analyze how this may impact you. Stock Options – A Brief Overview Stock options give employees the right to buy company stock […]

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Don’t Forget About These 5 Tax Planning Strategies Before Year-End

With all the talk around the recent tax proposals, many have lost sight of common tax planning strategies that should not be forgotten this year.  Implementing one or more of the following strategies could help save on taxes: 1. Roth conversion to fill up 24% tax bracket The 2017 Tax Cuts and Jobs Act lowered […]

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Retiring Law Partner’s Checklist

Congratulations, Counselor, you’ve decided to retire!  After a long and distinguished career, it’s time to ride off into the sunset and start enjoying life after the law.  So, as a parting gift, we’ve put together this short checklist of things you should do as you prepare for your retirement and separation from your firm.  I […]

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Business Owners – Is Your Buy-Sell Agreement Ready to Go?

When owning a business with others, it is very important to have an up-to-date buy-sell agreement in place.  A buy-sell agreement is a legal document that outlines what happens in a business with multiple owners in the event of termination, disability, divorce, or death.  Many business owners admit that they either don’t have such a […]

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When One Size Doesn’t Fit All When Budgeting

As an avid sports fan, I like to wear hats from my favorite teams.  I’ve never been a fan of one-size-fits-all hats.  They’re stretchy and often lose their shape.  I would much rather spend the extra money on a fitted hat that I know will fit like a glove, and I’ll look forward to wearing […]

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Working Wealthy – Can You Define Retirement?

My daughter turns eight this year, and she has been bitten by the reading bug. Don’t get me wrong; it’s a great thing—hopefully, a habit that lasts a lifetime. However, she has come to think of me as the household dictionary. And as a former English major, I was initially excited for the opportunity to […]

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Navigating Divorce After 50 – A Common Sense Guide

With gray divorce being an incredibly common scenario nowadays, you likely have a loved one trying to navigate these tumultuous waters. Regardless of what the final straw may have been, when your loved one is suddenly single after 50, they face a unique set of challenges that require a more careful look and thoughtful planning […]

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Do I Really Spend That Much?

“My youngest of four children just graduated college. None of my kids desire to work in the family agency. Multiple competitors want to buy my agency, and my wife Mary and I are ready to travel the world.” These were the first words from Mark, a Wisconsin Insurance Agency Owner that I recently met for […]

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Buy, Borrow, Die: Not Best for Everyone

With interest rates near historic lows and the market near all-time highs, there are more people borrowing against their portfolios than ever before. Using debt wisely to increase wealth and reduce taxes is not a new concept; however, recently, there has been a spotlight shined on the concept from Wall Street Journal’s article “Buy, Borrow, […]

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Top Considerations for Your Post-COVID Travel

At BDF, our mission is to help clients enjoy a full life. And for many, that full life includes travel. Unfortunately, we have been unable to travel over the past eighteen months as we did before the pandemic. Yet, as more of us become vaccinated and as the world gradually reopens, there is hope for […]

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How Financial Professionals Should View Risk During a Pandemic

The pandemic changed many aspects of life for financial professionals (private equity professionals, investment bankers, and asset managers). Like many, the future of work, the outlook for their career, and their future travel have all morphed. However, working with many financial professionals on their personal wealth management at the height of the pandemic panic led […]

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Leaving Your Job? 4 Executive Compensation Considerations

Thinking about leaving your job? You’re not alone. 2021 is turning into the “Big Resignation,” with millions either quitting or thinking about leaving for greener pastures. If you are a professional falling into this camp, what does that mean for your Executive Compensation? Here are key considerations if you’re thinking about making a leap. 1. […]

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