Abraham Lincoln once said, “If I had six days to chop down a tree, I’d spend five of them sharpening my ax.” What Lincoln meant by that remark is that sometimes, planning for an event can take longer than the event itself. This is particularly true when it comes to planning for a secure financial future.
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While many business owners are getting back in the saddle after the great recession crumbled the economy, others are facing another kind of hurdle: getting out of the business.
Like defined contribution plans, defined benefit plans are a tax-deductible (and tax-deferred) way to save for retirement. But unlike their defined contribution counterparts, which limit the total amount of contributions that can be made to no more than $46,000, defined benefit plans can allow you to contribute significantly more.
As the summer comes to an end and we head into the fall, a parallel can be drawn between the seasons of weather and the seasons of money. Approaching your finances with these four seasons in mind can help to keep you on track toward reaching your long-term financial goals.
With so many different types of investments available today, there are plenty of opportunities available to properly diversify your money. So how do you diversify for today’s market place? Here are general guidelines to follow… the five “D”s of diversification.
NEW YORK (AP) — Is it time to cash out of stocks?
As a business owner, you have a lot to do every day. But don’t put off planning for what may be your most important concern – making sure the business into which you’ve invested your money, time, and effort, is there to help you, and your family, when you need it the most
It’s the most wonderful time of the year – Back to school. Just ask most parents. But as the summer comes to an end and kids are resuming their studies maybe its time for the parents to follow their lead and learn more about retirement planning.
Wouldn’t it be nice to find the perfect investment? As Financial Professionals, people turn to us to help them find the “real deal.” The truth is – we are still looking for it.
When to start taking your Social Security retirement benefits is a tricky question and can have a very large impact. It is a difficult, yet important, number to determine so a well thought out decision is needed.
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