Business owners approaching retirement often have a large portion of their portfolio in taxable assets — often due to the sale of their business. Although an ideal tax allocation depends largely on an investor’s unique situation, flexibility in optimizing retirement spending strategies usually depends on diversification between pre-tax, Roth, and taxable assets. One key difference…
The end of the year is around the corner, and for many people, it is an exciting time to celebrate with family and friends. But, the holiday season can be more expensive than usual because of traveling, going shopping, decorating your home, exchanging gifts, and more. Regardless of your traditions, whether newly instilled or continuing…
Many investors know that staying invested long-term is one of the most powerful and consistent ways to build wealth. And according to data from Blackrock, the longer you stay invested, the greater your likelihood of positive returns. In fact, over 1-month periods, investors made money 62.9% of the time and lost 37.1% of the time.…
As modern medicine progresses, people are living longer than ever before. And researchers expect that trend to continue, according to Steven N. Austad from the Wall Street Journal. In an article titled, Is 100 the New Life Expectancy for People Born in the 21st Century?, he writes: “During the 20th century, life expectancy in the…
The process of estate settlement is not a favorite topic around the dinner table at family gatherings. It can be an uncomfortable topic — but those who prepare in advance for a smooth transition with the help of an estate planner in Utah typically leave more assets and less stress to their loved ones. Simple…
When determining your financial health, your credit score is one of the most important vitals tested. Having good credit is an essential factor in many benefits, including qualifying for the best mortgage rates, personal loans, and student loans — and achieving other life goals. Developing a good relationship with credit-building is crucial in creating and…
In a world of Tik Tok, YouTube, Instagram, and so many other social media sites, people are increasingly getting their financial advice from influencers, especially young investors. Whether you follow influencers or not, it’s very likely that someone close to you does. A recent study from Bankrate researched social media and its impacts on users’…
As babies, we’re brought into this world only knowing how to eat, sleep, and cry. The way we think and feel about the world around us isn’t hardwired, and we are products of our environment, which means we are continuously learning life skills from the people around us and the things we experience. Overall, our…
One of the most interesting subjects is that of the human mind. What factors drive our behavior, thoughts, and tendencies? A particularly interesting study involves the relationship we have with pain and why, in some cases, we actually choose to take on pain. A recent article titled “Why a Meaningful Life Is Impossible Without Suffering”…
Arriving at the culmination of a career and taking the final strides towards retirement is an exciting season of life. Many business owners have spent years and decades pouring in time, sweat equity, and money to run a successful business. The next step for many is the right strategy to enact an effective exit plan…