Introduction When you know the right questions to ask a prospective financial advisor, you make informed decisions that save you time, effort, and money. The right questions allow you to choose an advisor who fits your specific needs while avoiding those who might not serve your best interests. I can be confusing to [...]

When to Apply for Social Security Benefits With the demise of guaranteed pensions, and in light of the risks you face in managing your own retirement assets, maximizing Social Security becomes a critical part of retirement planning. How claiming age affects the income stream One of the most important decisions a retiree faces [...]

A key component of a buy-sell agreement or other business transition documents is the provision of a predetermined valuation clause should a triggering event occur. Some buy-sell agreements contain a set value or formulaic valuation clauses, while others defer to the use of an independent third party, such as an accountant or business [...]

Should You Roll Your 401k to an IRA? 1.More Investment Choices Most likely, your 401(k) investment choices are limited to a menu of mutual funds from one particular provider. However, with an IRA, you have the option to invest anywhere. And, you're likely to have more types of investments from which to choose such as [...]

3 Strategies to Dial in Your Retirement Income Market volatility and the uncertainty in the economy have people worried about the stability of their retirement income. When markets are rising, the income dilemma is easier to manage. But what happens when the market is going down or sideways? Many retirees and future retirees ask, [...]

Here is what you need to know about Medicare IRMAA for 2025: What is IRMAA for Medicare? How IRMAA is calculated? How to avoid IRMAA? Key Takeaways IRMAA is a shadow tax that affects high-earning Medicare members. Your 2025 IRMAA is based on your Modified Adjusted Gross Income (MAGI) from 2023. The Medicare Part B2025 standard monthly [...]

Why using a Rule of Thumb isn’t a good idea when your financial future is on the line   The Mistake Millions of Americans Can Avoid in Retirement There is a question that has been weighing heavily on my mind lately. It’s a question the media has clung to in regard to retirement [...]

Family Limited Partnership (FLP) Vs Family Limited Liability Company (FLLC) If you own and operate a family business, a family limited partnership (FLP) or family limited liability company (FLLC) has the potential to become a valuable component of your overall estate plan. A properly formed and maintained FLP or FLLC offers the opportunity [...]

The Entrepreneur's Secret Weapon: How a Business focused CPA Firm Can Propel Your Business to Success In the fast-paced world of entrepreneurship, success often hinges on making smart financial decisions. And the quality of those decisions often hinges on the quality of your advisors.   As your business grows, so does the complexity [...]

The primary reason for purchasing life insurance is to ensure that upon passing, our loved ones will have enough money to cover remaining debts and final expenses. It's also a method for securing our loved ones' future living costs, at least temporarily. It might seem unjust, therefore, that estate taxes can diminish life [...]