Month: June 2021

Selling Your Business to Fund Your Retirement

For many, owning a business is the American dream come true, and making management decisions that grow your business brings about well-deserved feelings of accomplishment. Playing devil’s advocate here—did you decide to use any of your cash flow to fund your retirement investments? According to CNBC, 78% of small-business owners plan to sell their businesses […]

Managing Debt Before Retirement

Carrying consumer debt into retirement can quickly reduce the monthly cash flow available to spend on healthcare, travel, and leisure activities or could necessitate drawing down retirement accounts faster than planned. Either situation puts you at risk for running out of money or facing significant lifestyle changes to make ends meet. Financial strain is a […]

Grants, Loans, and Programs to Benefit Your Small Business

Over 99% of America’s 28.7 million firms are small businesses, and 88% have fewer than 20 employees. After the year of COVID, many can’t wait for a Government stimulus to bail them out and are instead looking for ways to fund their business and get back on track. Government Grants: The government site grants.gov is the […]

Should Parents Wait to Transfer Wealth to Their Heirs?

Many families have plans to give their children and grandchildren financial gifts when they die, but it might make sense to gift earlier. Making financial gifts during your lifetime can significantly impact their lives, sometimes when they need it most. It also provides you with the benefit of seeing your loved ones enjoy your gifts. […]

How the 2021 Estate Tax Exemption will Affect You

Every year the federal government decides how much of your estate isn’t subject to taxes when you die. This year, thanks to inflation, it increased to $11.7 million. This means, when you pass away, the value of your estate is calculated, and any amount more than $11.7 million is subject to the federal estate tax. […]