The Convergence of Health & Wealth

Make the Right Medicare Choices Everyone becomes eligible for Medicare when they turn age 65.  You must enroll when you are first eligible otherwise you will pay late-enrollment penalties.  You can change your plan choices on an annual basis during the open enrollment period (October 15th – December 7th). Important terms you need to know:… Continue reading The Convergence of Health & Wealth

Every Family’s Business and Willing Wisdom

These are the titles to two books written by Thomas William Deans Phd.  I have the distinct advantage of being a credentialed CEPA (Certified Exit Planning Advisor) and a member of EPI (Exit Planning Institute).  As a result, I’ve had the unique opportunity to hear Tom speak live three times.  His message is unique, and… Continue reading Every Family’s Business and Willing Wisdom

Examining the Tax Cuts and Jobs Act

President Trump signed the “Tax Cuts and Jobs Act” (TCJA) into law on December 22, 2017.  The act represented the most comprehensive change to the tax code since President Reagan’s Tax Reform Act of 1986.  Under the new act, some tax code provisions were eliminated or simplified while several new rules were added. Highlights: Deductions… Continue reading Examining the Tax Cuts and Jobs Act

Important Questions Every Business Owner Should Ask Themselves

Do you know exactly what you will do with your life after you exit your business? – A personal plan is the first leg of the stool. Do you have a wealth management plan that incorporates coordinated personal, investment, estate, tax and business strategies?  – A financial plan is the second leg of the stool.… Continue reading Important Questions Every Business Owner Should Ask Themselves

Successful Business Owners Prepare for Life’s Uncertainties

Let’s consider some statistics:1 50% of small business owners want to exit their business within the next 5 years and 75% want to exit within the next 10 years; 80% of all business owners have almost all of their net worth tied up in their business; Over 80% of small business owners have no written… Continue reading Successful Business Owners Prepare for Life’s Uncertainties