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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 experts’ advice on saving, spending, investing, retirement, taxes, giving and more to help you enjoy a full life.

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Top 5 Attributes to Retire Well

Last week I attended a retirement party for John, a long-time client and friend that I cannot seem to forget about. The party was like a back yard wedding you would see in the movies. There was a big white tent, a great live band, and of course, plenty of food and drinks with well […]

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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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Hut, Hut…Financial Planning – the Need for a Financial Quarterback

The start of football season is my favorite time of year. The weather starts turning to crisp fall air, the smell of chili fills my home, and from Thursday through Monday, football is being played. Although football season starts in September, the best teams prepare for months for the upcoming season. Throughout the off season […]

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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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4 Questions to Evaluate Your Long-Term Care Plan

The AARP and AICPA recently conducted surveys to gauge retirees’ biggest concerns. Number one was running out of money which is not too big of a surprise. However, number two was health and long-term care planning – not losing a loved one, staying busy in their next phase, finding time to be with family and […]

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Working Wealthy – Don’t Be A Bank

A wonderful client of BDF once shared with me the following fable. I was reminded of it recently and how much it applies to modern day. Hundreds of years ago in a faraway village, there was a man who lived in a house. The man in the house was the wealthiest man in the village. […]

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Helping a Friend Through Divorce: What Can I Do?

It’s almost inevitable that at some point in life you’ll have a friend going through a divorce. As a friend, you’ll naturally want to help, but helping a friend through divorce is not an experience most people have learned to do. And, even if you’ve gone through divorce yourself, someone else’s situation may be different […]

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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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Social InSecurity?

It often seems that everywhere you look, you’re confronted by headlines about the impending “collapse” of Social Security. There is often so much negative information presented, it’s hard to fully understand the reality of the situation. We’re here to help. Social Security “Bankruptcy” One of the most frequently cited Social Security statistics is that it’s […]

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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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