RETIREMENT IN SIGHT

RETIREMENT IN SIGHT

Need Cash? Avoid Tapping Your Retirement Account Imagine if your 35-year-old self magically appeared in front of you one day and asked for a percentage of your retirement savings or a bit of your retirement income. While this would never happen, something financially analogous happens in the lives of too many people. They withdraw assets  … Read more

MONTHLY ECONOMIC UPDATE

MONTHLY ECONOMIC UPDATE

U.S. Markets Improved economic conditions and broadened vaccine programs ignited a broad stock market rally, though rising treasury yields dragged on technology and high-growth stocks. The Dow Jones Industrial Average led, picking up 6.62%. The Standard & Poor’s 500 Index rose 4.24% while the tech-heavy Nasdaq Composite added 0.41%.1. Bonds Take Center Stage The month  … Read more

How Generational and Societal Change is Influencing Companies and The Markets

How Generational and Societal Change is Influencing Companies and The Markets

ESG: what does that acronym stand for? Those three letters stand for “Environmental, Social, and Governance” and signify an investment that has particular merit to investors of all ages. A recent Morgan Stanley Bank survey found that almost 90% of millennials would prefer to have investments that suit their values. With young adults, ESG investing  … Read more

Do our biases affect our financial choices?

Do our biases affect our financial choices?

Do our biases affect our financial choices? Even the most seasoned investors are prone to their influence. Investors are routinely warned about allowing their emotions to influence their decisions. However, they are less routinely cautioned about their preconceptions and biases that may color their financial choices. In a batt le between the facts & biases,  … Read more

6 Key Metrics to Help You Plan Your Exit

6 Key Metrics to Help You Plan Your Exit

There is an old saying that “you cannot manage what you cannot measure.” Therefore, most businesses run on metrics. As business owners, we want to know how much, how soon, how efficient, how productive, how intelligent, and how to measure all of the aspects of our businesses. This newsletter is focused on some exit metrics  … Read more

Monthly Economic Update

Monthly Economic Update

In this month’s recap: As the month came to a close, stocks were mixed as attention shifted to unprecedented activity around a handful of companies with short-interest positions. U.S. Markets  Stocks were mixed in January, giving up much of the month’s gains in the final days of trading, as unprecedented activity in a handful of  … Read more

Selling vs. Exiting Your Business: 10 Differences

Selling vs. Exiting Your Business: 10 Differences

When business owners think about transitioning out of their companies, some of the first thoughts that come to mind relate to the sale of their business. In fact, many business owners believe that in order to exit their business they need to sell it to someone else. As a result, the term ‘exit planning’ is  … Read more

A Good Business versus a Good Investment

A Good Business versus a Good Investment

When it comes time for a business owner to contemplate an exit from their business, it is important to consider the differences between a ‘good business’ and a ‘good investment’. The next owner of your company will be looking for a ‘good investment’, not just a good business. Therefore, if you want to attract a  … Read more

The Fragile Nature of a Business Exit

The Fragile Nature of a Business Exit

Many baby boomer business owners today are thinking about their retirement and the transition out of their privately held businesses. This newsletter was written to help business owners understand and address the various ways that privately-held businesses can be disrupted during the exit planning process and execution of that plan. Knowing the most common areas  … Read more

Spotting Credit Trouble

Spotting Credit Trouble

How to check for problems. Americans aged 45 to 54, who have credit card balances, carry an average debt of $9,096 per individual. (1) The wise use of credit is a critical skill in today’s world. Used unwisely, however, credit can rapidly turn from a useful tool to a crippling burden. There are several warning  … Read more