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What is the Role of a Financial Planner?

Archive of Financial Articles
  • What is the Role of a Financial Planner?
    A financial planner is there to help you meet your personal financial objectives.... more
  • Protect Your Business and Your Family with a Business Continuation Plan
    As a business owner, a business continuation plan should be put in place. By having this setup, your company can continue on how you might have envisioned it even after you are deceased.... more
  • Business Owners Can Leave a Lasting Legacy with an Inherited IRA
    As a business owner, considering IRAs should be something you do. The amazing thing about IRAs is that after death you can pass them down to a spouse or child. By doing so, you can make a lasting legacy, if done right.... more
  • Retirement Plan Options to Get Business Owners on Track
    Having a retirement plan is crucial in this day and age. As a business owner, learning all of the options and choosing the right plan is important for your future.... more
  • Outsource or Hire? 5 Questions Business Owners Should Ask Themselves
    A business becomes successful when they are able to make the right moves at the right time. Whether your business is small or large, making the move to employ outsourcing can become a huge growth strategy for your company.... more
  • How Small Business Loans Can Advance Your Marketing Plan
    An early stage of your business plan is having a marketing plan as well. So many things go into it, like financial sources, lenders and business line-of-credit. Learn how to get the most out of small business loans.... more
  • Why Business Owners Can Not Measure Their Own Risk Tolerance
    Better get another opinion. Trying to assess your own risk tolerance is like trying to assessing your own health. Emotions can skew your true assessment.... more
  • Using a QLAC to Stretch Your RMDs and Protect Against Longevity
    Retirement planning can be tricky. Check with a retirement specialist to see if a QLAC is right for you.... more
  • For Broader Diversification, Consider Global Stocks
    Broader may be better! Diversify your portfolio by adding some Global Stocks to the mix... more
  • Business Owners: How to Maximize Your Social Security Benefits
    Know how to maximize your Social Security benefits. Fizzling out too early can cost you thousands.... more
  • Should You Pay Your Mortgage Off Before Retirement?
    There is no straightforward answer when it comes to retirement and your mortgage. Every person’s situation is unique in its own way.... more
  • Which Type of Investment Service is Best for Business Owners?
    There are three types of investment management services when it comes to your business. Researching and learning all you can about each will make it easier to choose which one is best for you.... more
  • Business Owners Should Not Overlook Disability Income Insurance
    The risk of an average worker being unable to work do to a disability is four times greater than the risk of dying before 65. With that in mind, a business owner should have disability income insurance.... more
  • Is Your Umbrella Liability Policy Leaving Your Assets Exposed?
    Deciding between standard umbrella policies vs. specialized umbrella policies is an important thing to read up. Figuring out which one will work best and not leave any assets exposed is crucial.... more
  • Tips for Growing Your Business in 2018
    Running a business can be challenging. Being able to expand and watch your business grow can be a struggle. However, there are plenty of tips and tricks to help you through it.... more
  • Growing Your Small Business: How to Manage Risk
    As your business grows, so does your risk. Your risk management plan needs to be reviewed often so it can be updated as needed.... more
  • Best Retirement Plan Options for Maximizing Tax Advantages
    There are options when it comes to retirement plans. Learning which ones are best for you is something that should be researched and chosen carefully.... more
  • Business Owner Strategies for Capital Preservation in Turbulent Times
    While it is impossible to always know the direction the market is going to take, any directional change in the market is likely to be accompanied by volatility.... more
  • Asset Protection: 5 Things You Probably Haven't Considered
    A common problem is creditors coming after business owners who have acquired a lot of personal assets. Learning some things to better protect your assets is in your best interest.... more
  • Tax Bill Spells Relief for Small Business Owners
    As of January 1, 2018, a new tax bill will be in effect. Whether you own a small business or are an individual, it is very important to fully understand the changes and how it will affect you or your business.... more
  • Using Insurance for Optimum Tax Diversification of Your Retirement Income
    When structured properly, a cash value life insurance policy can provide a lifetime of tax-free income.... more
  • The State of Your Estate: Estate Planning for Business Owners
    you should have an estate plan specifically designed for a business owner.... more
  • Creating a Pension Using a Fixed Indexed Annuity
    For risk-adverse retirees who value peace-of-mind, an FIA can be the ultimate pension replacement solution they’re looking for.... more
  • 10 Things You Absolutely Must Do When Starting a Business
    A vision is not all it takes to open your own business but it is a start. There are 10 must do’s when you start to make your vision a reality.... more
  • Tax Help: How to Choose a CPA
    Selecting the right CPA is critical for business owners. A good CPA will help your business stay informed of changing tax laws and new financial opportunities.... more
  • Security Essentials for Keeping Business Records Safe Online
    As the world continues to move toward a paperless existence, cybersecurity has become a primary concern for businesses entrusting their data to the Internet cloud.... more
  • Banking Essentials for Small Businesses
    Establishing a good relationship with a bank before the need for financing arises is your best option.... more
  • Selling the Business: How to Transition from Hands-On Business Owner to...
    Business owners need to have a plan in place for the inevitable transition from owner to hands-off investor.... more
  • You Can't Do It All: Why a Bookkeeper is Critical to...
    As a business owner it is important to recognize that you cannot do it all. Getting a bookkeeper before you are in desperate need of one is critical.... more
  • Funding Options for Boot Strap Entrepreneurs
    Taking the entrepreneurial plunge will require funding. Knowing where and what to look for, your possibilities are endless when it comes to funding.... more
  • Business Owner Investment Mistakes: Investing too Conservatively
    The trick is in knowing what your financial objective is and having a strategy that is tailored to your specific needs.... more
  • Business Owners' Personal and Family Security Risks
    the more wealth we accumulate, the higher the risk of cyber and physical attacks upon you and your family. Here are some ways to protect yourself.... more
  • Knowing When to Sell Your Business
    It is a big decision to sell a business, not to mention very personal. Knowing when it's time to start considering it is important.... more
  • 5 Tips for Boosting Your Entrepreneurial Confidence
    Having entrepreneurial confidence is important. Learning ways to boost your confidence will make you more successful.... more
  • Keeping Your Sanity: 5 Ways to Build a Business Support Network
    If you feel that your progress has slowed and you find yourself doing the same thing over and over expecting different results, get to work building your business support network.... more
  • Ways to Increase Flexibility through Varied Commercial Loan Solutions
    There are many choices when it comes to business financing. Familiarizing yourself with all of them will help you narrow down your choices.... more
  • Smart Investing for Business Owners
    Having the right long-term investment strategy is key to a successful portfolio.... more
  • Executive Compensation Provides Financial Incentive Small Businesses Need
    By offering structured incentive plans a smaller business might be able to keep a key person in place and motivate them to a higher level of performance.... more
  • How Business Owners Should Work with an Estate Planner
    With all the confusion about estate laws, as a business owner it is highly advised that you work with an estate planner to save you time and money.... more
  • 5 Things Financially Successful Business Owners Do Differently
    The decisions we make will dictate our financial future. Our actions, or inactions, set the stage for what we set ourselves up for. Is it greatness, or failure? The choice is yours.... more
  • How Your Lender Can Help Build Your Business and Increase Cash...
    If your business needs an infusion of capital in order to meet your operating or expansion needs, you may be able to obtain financing through a local lender.... more
  • Keeping Harmony in the Family Business
    The key to creating boundaries in a family business is to use a collaborative approach that involves all family members based on blending the goals of the business with the needs and interests of the family.... more
  • The Importance of Retirement Income Tax Diversification
    When saving for retirement always be aware of what the tax consequences will be down the road when it is time to tap into it. Familiarize yourself with the tax diversification laws in regards to your choice of retirement plans.... more
  • The Biggest Investment Mistakes Business Owners Make
    Without a clear strategy and the discipline and patience to follow it, most investors are prone to very costly mistakes. Investors who adhere to a plan with clearly defined objectives and a tailored investment strategy outperform those who do not... more
  • To Roll Over or Not to Roll Over Your 401(k) Plan
    Key factors in the analysis of whether or not to roll over your 401(k) plan include: investment management fees, investment diversification, and ease of management of consolidated funds.... more
  • When You Need Tax Help
    At some point, business owners should seek assistance from a professional in filing their taxes.... more
  • Using Credit Cards as a Financing Tool? 5 Things You Need...
    Financing your business using credit card debt should always be considered a short term bridging solution only until revenue is generated for repayment.... more
  • Find Taxes Inordinately Taxing? 5 Steps to Make it All a...
    Organized business records, accurate monthly financials and some general knowledge of IRS Code 162 will go a long way toward making tax filing less stressful for business owners.... more
  • Managing Your Cash Flow like a Business
    Utilizing specific guidelines for breaking your budget down into separate cash accounts with specific sources and uses will streamline your personal cash flow.... more
  • Best Retirement Plan Options for Business Owners
    Simple IRA, Simplified Employee Pension (SEP) IRA, and Solo 401(k) are great retirement plan options that allow for the least amount cost and management on the employer.... more
  • Business Owner Obstacles to Achieving True Financial Independence
    Financial independence may always be out of your reach if you do not address these most common obstacles. Having a poor retirement income plan, a weak investment strategy, investing too conservatively, and trying to navigate it all alone could be your main reasons why you may never achieve financial... more
  • Business Owners Need to Avoid these Retirement Planning Traps
    Planning for your retirement is becoming an increasingly complex task that takes effective planning and consistency. Avoid traps like not having a clear vision of your retirement, underestimating its costs, focusing only on returns versus risks, and trying to navigate it alone.... more
  • Time is Money. 5 Ways to Save on Your Accounting Bill
    Managing your books is a real drain on time. By organizing your files, investing in bookkeeping software, automating payments, outsourcing, and hiring a CPA can save you time and money on your accounting bill.... more
  • Best Ways to Save on Your Small Business Taxes
    Be sure to utilize every option available to reduce your businesses taxable income. Save money on your taxes with section 179, home office, and cost of doing business deductions. As well as, eliminate excess inventory and hire your kids.... more
  • How to Choose the Right Life Insurance Professional
    Life insurance is complex. It’s important to choose the right professional to help guide you through your insurance needs. By evaluating yourself, doing your homework, getting referrals, and finding out who they really work for, you can set yourself up with a trustworthy life insurance profess... more
  • Does Investing Inertia Have You Trapped?
    If investing inertia is keeping you from making changes to your portfolio or adjusting your business financial plans, you are not alone. Break the cycle and get on board with an experienced financial planner and establish legitimate financial goals.... more
  • Why Business Owners Shouldn't Wait to Plan Their Estate
    If you are a business owner, you should not wait to plan your estate. Failure to do so can cause your family to possibly lose the business paying off debts, taxes, and distribution of property.... more
  • The Transfer of Ownership: What are Your Options?
    Planning ahead for the transfer of a business can save a lot of distress when the time comes.... more
  • How to Put Together a Winning Financial Advisory Team for Business...
    Having the right financial advisory team is essential for your business. Key teammates would be an independent financial advisor, accountant, attorney, risk management specialist, and a business banker.... more
  • Why Business Partners Shouldn't Wait to do their Estate Planning
    It is important to have a business continuation plan in place should a death occur amongst its owners. Having a plan, such as a cross purchase or stock purchase, will save your business partner and family members time and money.... more
  • Why Hiring Your Kids this Summer is a Win-Win-Win
    In addition to establishing a solid foundation in money management and work ethic, you can benefit from some substantial tax breaks by hiring your kids this summer.... more
  • Five Documents You'll Need to Get that Business Loan
    Are you looking to apply for a business loan? Banks and loan organizations require more thorough documentation after the last financial crisis. Make sure you have the necessary documents such as a business plan, marketing plan, financial statements, loan purpose, and a loan guarantee in order to sec... more
  • Is Your Business included in Your Assets Allocation Strategy?
    Getting your business off the ground and running may require everything you have. It's a great risk with a hopefully greater reward. However, if you have not done so yet, a plan to incorporate your business in your asset allocation may give you a financial cushion to ride...... more
  • Small Business Owners Should Not Overlook the Solo 401k
    Small business owners who want to maximize their deductible contributions may be much better off utilizing a Solo 401k.... more
  • Many Business Owners are Behind the Retirement Savings Curve
    With all of their attention and much of their money focused on their business for so many years, many business owners are behind the retirement savings curve.... more
  • Putting Together a Winning Financial Advisory Team for Business Owners
    As in most of life's adventures, going solo is not as productive as having a team to back you up. This is especially true with it comes to your personal and business finances. Let's take a look at who should be in your lineup.... more
  • Getting the Most from Your Business Deductions (While Staying Out of...
    Uncle Sam has a wide ranging system of tax deductions for business owners. The key to getting them is to insure your records are properly overseen. Here are some great ways to make sure this happens at your business.... more
  • The Biggest Financial Planning Mistakes Business Owners Must Avoid
    The costs of starting a business can be extremely challenging if not met head on at the earliest stage of their career.... more
  • Business Owners Need a Complete Risk Management Plan
    Protecting your business against certain risks requires a comprehensive and well-coordinated risk management plan.... more
  • Enjoy S-Corp Tax Advantages without Irritating the IRS
    Utilize the benefits of your S-Corp tax advantages without overstepping the tax laws... more
  • The Biggest Financial Planning Mistakes Business Owners Must Avoid
    The costs of starting a business can be extremely challenging if not met head on at the earliest stage of their career.... more
  • Year-End Tax Planning Begins Now
    It's not too soon to do your year-end tax planning.... more
  • Business Owners: How to Keep Your Money from Becoming Other People's...
    Learn how to keep your personal assets out of the hands of those who want to make your money theirs... more
  • What Business Owners Need to Know about Employer Liability
    Worker's Compensation and Employer Liability are both critical to a business that could a suffer severe financial hardship liabilities in work-related injuries or death.... more
  • Retirement Savings Mistakes Business Owners Must Avoid
    Business owners should try to avoid some common retirement savings mistakes and plan wisely for their future.... more
  • An Estate Planning Primer for Business Owners
    Proper estate planning, with provisions for your business, will ensure a smooth transition and maximum benefits for the family.... more
  • Target-Date Funds: Can Business Owners Just Set it and Forget it?
    A target-date fund consists of a portfolio allocated among a mix of stocks, bonds, cash and real estate.... more
  • How to Choose a Financial Planner
    There are many aspects of financial planning that should be considered with the guidance of financial professionals.... more
  • Home Sweet Home-Office: The Pitfalls & the Pleasures
    You wake up, slide out of bed, go to the kitchen for breakfast, and then simply walk to your home office. What a life! Or is it? Let's look at both sides of the home office coin.... more
  • Business Owners Beware of IKEA Syndrome
    If you are a business owner with an open mind, looking towards the future, then you may have dodged the IKEA Syndrome. What is that? Let's talk about it.... more
  • Business Owners' Personal and Family Security Risks
    the more wealth we accumulate, the higher the risk of cyber and physical attacks upon you and your family. Here are some ways to protect yourself.... more
  • Protecting Your Intellectual Capital
    If you think insuring your place of business and equipment has you completely covered, think again. Let's consider how to protect your intellectual capital.... more
  • You Are Your Brand. Better Take those Personal Guarantees Seriously
    Next time you think about giving your personal guarantee for a business loan, think again. Why your good name is more important than anything else.... more
  • The 3 Biggest Mistakes Business Owners Make in their Wealth Management
    While business owners grow their companies, many never seem to catch up to growing their own retirement nest egg.... more
  • To Preserve the Family Legacy, Keep Business and Family Separate
    How do you balance the goals and needs of a family business with how the family dynamic works outside of work? Here are some ideas.... more
  • Why Your Business Needs its Own Credit Card
    A business credit card becomes an essential cash management tool, and it helps the business establish itself as a legitimate member of the business community.... more
  • Self Employed Health Insurance
    The growing numbers of people working for themselves are finding healthcare a major and expensive concern. Here are some things to understand.... more
  • Business Owners Need to Have Estate Planning on their Minds
    Business owners need to include their business in their estate planning in order to reduce the risk of having it liquidated to cover estate taxes and fees.... more
  • Is Buy-Hold the Best Investment Strategy for Business Owners?
    It is call Buy and Hold at the same time, keep you from over-playing with your investment and getting emotion out of the picture.... more
  • It Is Not too Late for Older Small Business Owners to...
    Business owners should take full advantage of available tax savings and the time they have left.... more
  • Take a Break. Why working 24/7 Is Not the Answer to...
    Think 24/7 is the way to run your business? Think again! Facts prove it limits productivity and can literally kill you. Here is more for you to consider.... more
  • SIMPLE 401(k) Basics
    If your small business is looking for a retirement plan for your workers, here is some reasons to seriously consider a SIMPLE 401(k) plan.... more
  • Enjoy S-Corp Tax Advantages without Irritating the IRS
    If you are an S-Corp business owner, we have got some ideas for you to get the most out of the benefits of such a designation without infuriating the IRS.... more
  • Business Owners Need Business Overhead Expense Insurance
    Your business, and your ability to sustain it, even through a disability, is your most valuable asset, and it needs to be protected as such.... more
  • Taxes and Your Home Based Business
    If you are a home-based business owner, we have some tips on how to avoid an IRS audit.... more
  • For Business Owners, Tax Diversification is Key to Financial Success
    Be sure to have a tax-diversified investment strategy in place now for your retirement before it's too late to do anything about it.... more
  • What's Missing in Your Financial Plan?
    Business owners need a fully integrated financial plan, managed through a collaborative effort by a team of advisors.... more
  • Can Business Owners Ever Find True Happiness?
    Those who focus on happiness and personal fulfillment have a much better track record of reaching their goals.... more
  • Business Owners Need to Layer up on Personal Umbrella Liability Coverage
    A Personal Umbrella Policy should be in place because business owners can also accumulate substantial personal assets which are often left unprotected.... more
  • Life Stage Financial Planning for Business Owners
    Having a savings safety net is the very least a business owner needs at any stage.... more
  • The Biggest Financial Mistakes Business Owners Make
    Every business owner should understand how just one costly mistake could take away everything they have worked tirelessly to build.... more
  • How to Manage Your Personal Finances like a Business
    Allocate your cash to various accounts so it can be managed according to different objectives... more
  • A Family Protection Plan for Business Owners
    Always ensure that the maximum protection is in place to protect both the family and the business.... more
  • Business Owner Obstacles to Achieving True Financial Independence
    Many small business owners are so focused on growing their business they forget to devise a serious retirement investment plan. We have some tips for you.... more
  • The Importance of Keeping Your Business and Personal Life Separate
    Most business experts would agree that it is a good business practice to keep your records straight.... more
  • Making Your Business a Family Affair – Laying Down Boundaries
    The family business owner must be able to achieve a balance of commitment and establish meaningful boundaries that guide family and business interaction.... more
  • Protecting a Business Owner's Most Valuable Asset
    As a small business owner, have you ever heard of Business Overhead Expense Insurance? You need to learn about that, and we can do it right now.... more
  • Estate Planning for Business Owners
    Estate Planning Solutions for Business Owners... more
  • Planning on Selling Your Business? What You Must Do Now
    The only way to ensure a successful outcome is to prepare well ahead of the time you contemplate selling your business.... more
  • Business Owner's Financial Plans Must Include an Exit Strategy
    The exit strategy should be developed well in advance of the planned exit date and include a concise statement of your personal, financial and business goals.... more
  • 4 Big Retirement Planning Mistakes Business Owners Make
    Retirement planning is something many people keep putting off, saying there are more pressing issues to deal with today.... more
  • The Importance of Life Insurance for Business Owners
    We will outline why such policies are absolutely critical to the future of your business, and the financial impact that will have on your surviving family.... more
  • Putting together the Business Owner's Financial Advisory Team
    Business owners can benefit from a coordinated approach to fully addressing their financial and business planning needs... more
  • Is Your Business Saleable?
    Do not wait until you think you are ready to sell to make your business saleable... more
  • Record Keeping in the Cloud - Is It Safe?
    As your business grows, the need for keeping records and data stored accounting and business management purposes increases.... more
  • Year-End Tax Planning for Business Owners
    It’s never too early to begin preparing for potential tax savings.... more
  • 5 Tax Advantaged Ways to Take Home More Income from Your...
    Utilizing these tax strategies could result in hundreds or thousands of dollars in tax savings.... more
  • The Best Investment Strategy for Business Owners
    The best investment advice for business owners is to work with an objective, independent financial advisor in developing and implementing a sound, long term investment strategy.... more
  • Enjoy S-Corp Tax Advantages without Irritating the IRS
    Small businesses looking for ways to reduce tax liabilities should consider being organized as an S-Corporation.... more
  • Is Your Business included in Your Assets Allocation Strategy?
    Focus on an asset allocation strategy that incorporates your business in the context of an overall investment plan.... more
  • Business Owners Exposed - Managing Risks to Protect Your Assets
    There are numerous protection plans available, which you need to understand.... more
  • You've Built a Business - Now Give Yourself Some Credit
    Credit is essential for growing your business.... more
  • Best Retirement Plan Options for Business Owners
    Here are some ideas to select the best retirement plan for small business owners for themselves and their employees.... more
  • How To Know If A SEP Is The Right Choice For...
    Your small business needs to study and understand a Simplified Employee Pension plan, or SEP.... more
  • How Carrying Business Balances on Your Personal Credit Cards Can Sink...
    Using personal lines of credit to get a new business started can ruin your credit score.... more
  • All in the Family? That Includes Managing the Squabbles, as Well...
    Thinking of starting a family-owned business? Then be ready lay down some tough rules to insure family unity in both the good and the bad times down the road.... more
  • It’s Your Name…Don’t Let Someone Else Own It on the Web
    It is important to protect you business’s name on the Internet.... more
  • Cash is King: 5 Steps to Improve Business Cash Flow
    Here are 5 tips to help you improve your cash flow.... more
  • Keys To Reducing Your Processing Costs
    It is important to take key steps to reduce your processing costs.... more
  • Common Cash Flow Misconceptions
    Serious business owners will quickly grasp the importance of cash flow management.... more
  • Why a Faster Terminal Can Save You Money
    Explore how a faster terminal can save you money.... more
  • PIN Based Debit Can Save Your Business Money
    Learn whether or not a PIN based debit is better for your company.... more
  • Growing a Business? Give it some Credit
    Here are the key steps to getting credit for your business, in order to help it grow.... more
  • You have Built a Great Business. But How Do You Pass...
    It is startling and sad that nearly two-thirds of family-owned businesses fail in their efforts to transfer the reigns to the next generation... more
  • You Are Your Brand. Better Take those Personal Guarantees Seriously
    Whether or not your name is on the shingle, your business becomes your identity and your reputation is intertwined with the fortunes or failures of your business.... more
  • In Case of Emergency…5 Tips for Protecting Your Electronic Records
    It may not be possible to fully secure a business against data loss, there are ways to minimize the risk and ensure the preservation of essential records.... more
  • Using Credit Cards To Expand Your Business
    the one certainty that a business can count on, is that using credit cards will expand the business.... more
  • Mobile Payments Increases Productivity, Save Time
    as consumers willingly shed their credit cards and cash for the convenience of paying with their Smartphones.... more
  • How to Fight a Chargeback, and Win
    If you were to ask a room full of merchants what is the biggest problem they face in accepting credit cards the answer would be 100% unanimous – chargebacks.... more
  • 3 Steps to Reduce Your Credit Card Processing Cost
    If you are in business to grow and prosper, credit card processing fees are a necessary cost of doing business.... more
  • Year-End Tax Planning for Business Owners
    Tax planning for small business owners is a year round endeavor.... more
  • You Can Manage People, Responsibilities, Money & Sales. But Can You...
    Time management needs to be more than applying a skill or developing a habit; it needs to be tactical, with a true business objective... more
  • Asset Protection: 5 Things You Probably Haven’t Considered
    Business owners who have acquired a lot of personal assets face the possibility of having their assets targeted by creditors who want to resolve a business liability.... more
  • Sure, You’re Insured But Does Your Policy Really Protect Your Business?
    If they have the right kind of insurance coverage, they may not have to think about it.... more
  • Is Your Business Invisible to Your Market?
    Businesses are beginning to recognize that social media is not just a passing fad.... more
  • The Documents You'll Need When Asking Your Bank for a Loan
    There are five key documents that you'll need when asking your bank for a loan.... more