Company Blog

Thoughts on the August 24th Market

Monday morning resulted in a massive sell-off in the markets, predicated on the dreary results of the overseas markets overnight.  As of the time of this writing, the market has rebounded immensely but remains down overall.  I believe this rebound occurred because the “smart money” (institutional investors) realized that this panic created good opportunities for purchasing value.  It is important to remember that we are in this for the long haul, and days like these ar

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Helping a business owner transition to retirement

Recently, I had a client interested in selling his business who commented that he was willing to sell his business at a 20% discount to avoid paying more taxes.  I then asked him if I could show him how to sell at full value and not pay more taxes plus create a deduction to reduce taxes he would pay otherwise - his obvious answer was, “Sure!”  After showing him, his response was, “Thanks!  I just raised the price of my business.”  He also liked the fac

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Avoiding Probate with a Trust

Most of my clients are aware of the advantages of having a Revocable Living Trust.  However, too frequently I find out after they have passed away that they had investments or a vacation property or a R.V. that they forgot to title in their trust.  Unfortunately, those assets are then forced to go through the probate process with thousands of dollars in probate and legal fees incurred as a result.

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Why individual investors average only 2.5% returns

I recently read a study on the investment returns over the last 20 years of a number of different investment asset classes.  The results ranged between 4 and 11 percent per year.  However, the typical investor only averaged 2.5 percent.  The reason for the difference is people tend to do one of these things: They panic when the value temporarily declines. They sell what is not doing well, to buy what is doing well, only to discover those assets just changed their behavior. They ov

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Contingent Beneficiaries

It is important to know the consequences of not having a contingent beneficiary named in life insurance,  IRA's, 401(k)'s, annuities, or any other financial asset that has a beneficiary provision.  For example, if a named beneficiary dies before the owner, then most likely those assets will be left to the owner's estate, which could trigger unnecessary probate expenses.  If it happens to be a retirement account, it could literally cost the beneficiaries hundreds of tho

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