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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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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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Working Wealthy – Lessons from Backpacking

I recently had the good fortune to go backpacking in the Wasatch National Forest for the first time in my life. While I have been “car camping” and hiking for years, I have never put every necessity into a backpack and headed out into the wilderness to camp. Being a financial planner, naturally I related […]

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A New Approach to Child Support

While the failure to pay child support is never an excuse for one partner to withhold parenting time from the other, in an increasing number of states, the amount of time a parent spends with their children my affect the amount of child support received. Historically, many states followed formal guidelines for awarding child support […]

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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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