I’m not sure where I collected the 78 quotes below over the years but I thought that they were worth sharing. You never know where your source or spark of motivation will come from. There are old pilots and there are bold pilots, but there are no old, bold pilots. – Unknown The value of an investing strategy is not … Read More
The Best College Savings Plan for Parents of Multiples (or Parents of multiple kids)
Most parents may not realize that you have multiple college saving options available to you and your family when it comes to saving for college. But whether you are the parents of multiples (twins, trips, quads, etc.) or have multiple kids, how do you determine what the best college savings plan option is best for you? What College Saving Plan … Read More
Five Options for Parents of Multiples (or multiple kids) to Save for College
Most parents may not realize that you have multiple college saving options available to you and your family when it comes to saving for college. But whether you are the parents of multiples (twins, trips, quads, etc.) or have multiple kids, how do you determine what the best college savings plan option is best for you? What College Saving Plan … Read More
How a Family Who Has Triplets Saves for College
My Own Family Story My wife Theresa and I have a set of triplets and another daughter who is 22 months apart. We started our youngest in preschool early, which meant that she had not one, but two years of preschool. She was always trying hard to keep pace with her older set of triplet siblings. We felt that she was … Read More
How a Family Office and Wealth Management Plan Can Help You
The best wealth management plan has nothing to do with “outside forces” beyond your control, but rather everything to do with what’s most important to you. Instead of feeling overwhelmed by the supposed complexity surrounding financial decisions, a straightforward wealth management plan can bring clarity and peace of mind about which strategies will work best for your particular situation. Behind … Read More
Aligning Personal Interests with Financial Objectives: A Five-Step Guide to Effective Wealth Planning
Does this sound like you, “We don’t have any money at the end of the month. We’re not saving enough or investing anything for retirement, and we will send our daughter to college next year.” Your money follows your personal interests. What you spend your money on shows what is important to you. So, if you change what is important, … Read More
Is a 401(k) Safe Harbor Plan Right For Your Business?
A Safe harbor 401(k) plan allows a plan sponsor to automatically pass certain annual tests to ensure compliance with IRS regulations if specific contribution, vesting, and participant notification requirements are met. Safe harbor plans generally don’t require the following compliance tests: Actual deferral percentage (ADP). A test for pre-tax elective and/or Roth deferrals by highly compensated employees (HCEs) to a … Read More
The Stock Market is Not the Economy
John Rekenthaler, who is Vice President of Research for Morningstar, wrote a piece recently, The Stock Market Is Not the Economy. In his article, Rekenthaler noted that stock prices are only tenuously connected to general economic conditions. Rekenthaler went on to say, “For one, stocks anticipate future developments rather than dwell on current affairs. For another, neither employment statistics nor … Read More
Eight Tactics That Can Help You to Prepare for a Recession
At one point during my corporate career, I was unexpectedly transitioned out of my current role. At the time, my four kids were five or younger, and I had no idea what I would do. At that point in my life, I, unfortunately, allowed my career to define a large part of who I was. The economy doesn’t have to … Read More
What Makes a Great Retirement Plan for Employers
Before you can start building the framework as to what would make a great retirement plan for your business, the executive or ownership groups need to consider why they want a great retirement plan for their employees. Four out of five employers report that their employees’ personal financial issues are impacting their job performance somewhat, very much or to an … Read More
