Retirement in Sight, September 2021

Retirement in Sight, September 2021

POSSIBLE CHANGES FOR CATCH-UP CONTRIBUTIONS    Since 2002, Americans aged 50 and older have been permitted to make annual “catch-up” contributions to popular retirement accounts – but according to Vanguard’s 2021 How America Saves report, just 15% of retirement savers do. One factor may be the limits on these contributions. Many pre-retirees who are old  … Read more

A Potential Rise in the Capital Gains Tax Rate Plan Your Business Exit Accordingly

A Potential Rise in the Capital Gains Tax Rate Plan Your Business Exit Accordingly

Todays’ newsletter is written to help you, the business owner, consider the fact that without proper planning, the government’s ‘partnership’ in your business exit may be increasing yet again.  President Biden campaigned on essentially abolishing the long-term capital gains tax rate by increasing it to the same top rate he’s proposing for ordinary income. This could mean an increase  … Read more

5 Key Planning Areas for Your Future, Successful Exit

5 Key Planning Areas for Your Future, Successful Exit

Your business success has been the product of years of hard work, dedication and focused results (and likely a little bit of luck).  As you think about a future transition of the company there are a number of factors that need to be considered because your future exit will impact a number of people who  … Read more

Aligning Your Key People With Your Future Exit

Aligning Your Key People With Your Future Exit

There is an old saying that goes “show me how I am paid and I’ll show you how I’ll behave”.  The issue is simple for business owners – the right incentive plans help to grow the value of your company while the wrong (or no) incentive plans leave key employees with little direction as to help you, the owner, grow the company to the next  … Read more

Exit Thinking – Is Your Business Consumption a “Consumption” or an “Accumulation” Asset?

Exit Thinking – Is Your Business Consumption a “Consumption” or an “Accumulation” Asset?

Thinking About a Future Transition  At a certain point in time, a successful business owner stops thinking about all the day-to-day operations and the strategic planning for the company’s execution in the marketplace, and starts to think about the future ownership and who will own and run their business after them.  This process is often referred to as ‘exit planning’  … Read more

Getting to the Equity in Your Business

Getting to the Equity in Your Business

Today’s newsletter is written to address an important topic in planning for an owner’s transition, namely, ‘how to get to the equity in your business?’  We’ll look at how business owners view their companies and then offer some planning-base suggestions as to how to draw the equity out of your business over time, assuming that  … Read more

What Today’s Buyers Are Looking For From Your Company – Transaction Planning

What Today’s Buyers Are Looking For From Your Company – Transaction Planning

Owners who think about exiting their business should wonder who the future owner will be and what attributes of their business those buyers will seek when acquiring the business.  The marketplace of buyers for businesses changes – like many markets – and today’s buyers are interested in growth.  This newsletter is written to help owners understand some of the  … Read more

Monthly Economic Update September, 2021

Monthly Economic Update September, 2021

U.S. Markets Signs of an improving labor market, strong corporate earnings, and more clarity from the Fed on its tapering plans propelled stocks to multiple record highs during August. The Dow Jones Industrial Average gained 1.22 percent while the Standard & Poor’s 500 Index rose 2.90 percent. The Nasdaq Composite led, picking up 4.00 percent.1  … Read more

Monthly Economic Update August, 2021

Monthly Economic Update August, 2021

U.S. Markets Last month, the stock market posted a solid gain, overcoming investors’ fears of higher inflation and an increase in COVID-19 cases. The Dow Jones Industrial Average picked up 1.25 percent, while the Standard & Poor’s 500 Index gained 2.27 percent. The Nasdaq lagged, climbing 1.16 percent.1 A Wall of Worry Climbing a wall  … Read more

Retirement in Sight August, 2021

Retirement in Sight August, 2021

CAN HAVING THREE GOOD FRIENDS PROMOTE A HAPPY RETIREMENT?   We can reasonably say that the more money you retire with, the more potential you have to enjoy retirement. Now, what about friendship? If you maintain some strong friendships and an active social circle after age 60, can that make a big difference in the  … Read more