What steps might help you sustain and grow your retirement savings? “What is your greatest retirement fear?” If you ask any group of retirees and pre-retirees this question, “outliving my money” will likely be one of the top answers. In fact, 51% of investors surveyed for a 2019 AIG retirement study ranked outliving their money […]
Author Archives: Matt Hoffpauir
Creating a Retirement Strategy
Most people just invest for the future. You have a chance to do more. Across the country, people are saving for that “someday” called retirement. Someday, their careers will end. Someday, they may live off their savings or investments, plus Social Security. They know this, but many of them do not know when, or how, it […]
Four Important Steps to Sell Your Business for Maximum Value
By: Brandon Layo, CPA, CVA Selling your small business for maximum value was already a difficult journey to undertake – now made exponentially more difficult in the wake of a global pandemic. With uncertainty, fear, and capital limitations imposed on potential buyers of your business, you must be able to adapt to exit successfully. There […]
Should You Plan to Retire on 80% of Your Income?
Examining a long-held retirement planning assumption. A classic retirement planning rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering? Some new research suggests that retirees may not need that much annual income to keep […]
Before you Leave Consider Your Employer’s Retirement Account Vesting Schedule
By: Jeremy Veres, CFP®, CPWA, AIF® There are many different things to consider when leaving a job. Location, pay, work environment and job title are all things that you might consider. One thing that is often overlooked that could be directly costing you money is your employer’s retirement account’s vesting schedule. Typically, when you contribute to an employer retirement account […]
Cash Flow Management
An underappreciated fundamental in financial planning. You’ve probably heard the saying that “cash is king,” and that truth applies whether you own a business or not. Most discussions of business and personal “financial planning” involve tomorrow’s goals, but those goals may not be realized without attention to cash flow, today. Management of available cash flow […]
Comprehensive Financial Planning – What It Is, Why It Matters
Just what is comprehensive financial planning? As you invest and save for retirement, you may hear or read about it – but what does that phrase really mean? Just what does comprehensive financial planning entail, and why do knowledgeable investors request this kind of approach? While the phrase may seem ambiguous to some, it can […]
Five HUGE Mistakes to Avoid in Succession Planning for your Small Business
If you are fortunate enough to own a successful business, you have the ability to forge your own way. Some business owners spend decades building their business up only to see them come crashing down shortly after an ownership transition. Do not let this happen to you! By taking some important steps now, you can […]