Tag Archives: financial advisor
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Before the Deal: 4 Planning Steps Business Owners Can’t Skip
Selling a business is usually the largest liquidity event of an owner's lifetime. But the best time to plan for life after the sale is long before you ever go to market. Because tax strategy, investment goals, estate plans, and family priorities are deeply interconnected, waiting until deal terms tighten severely limits your flexibility. Here are four critical areas to…More › -
How To Build An Emergency Fund
Life happens. Having a dedicated emergency fund helps you handle extra costs while also protecting your long-term investments. Here are 4 best practices to build a solid emergency fund: 1. Aim for a Time-Based Goal, Not a Random Number Forget arbitrary targets like "save $10,000." Instead, aim for 3 to 6 months of essential living expenses (housing, food, utilities, minimum…More › -
401(k) Spring Cleaning: What To Do With Your Old Retirement Accounts
If you’re in your 30s or 40s, there’s a good chance your career path looks like a game of hopscotch. You’ve put in the years, leveled up, and likely switched jobs two or three times by now. But with every career jump, there is one thing we almost always leave behind: the old 401(k). It’s incredibly common. You start a…More › -
What To Do With A Leftover 529: More Options Than You Think
529 accounts are one of the most powerful education savings tools available. These contributions grow tax-free, and qualified withdrawals are tax-free too. But what happens when your child earns a scholarship, doesn't go to college, or you over-saved? You have more options than you might think. Your Options At A Glance Change the beneficiary: You can transfer the account to…More › -
Virginia Small Businesses: Big Changes Coming to Your Retirement Plan Rules
If you run a small business in Virginia, there is a major regulatory update coming that needs to be on your radar! Virginia has officially expanded RetirePath, the state’s mandatory retirement savings program. Starting July 1, 2026, if your business has 5 or more employees (including part-time workers), has been operating for at least 2 years, and doesn’t currently offer…More › -
The 4 Biggest Financial Fears About Retirement and How to Overcome Them
There’s no secret that it can take decades to plan for retirement, and during your retirement years, you want to be able to enjoy your hard-earned savings. That said, that time leading up to this new phase in life, it’s common for retirees to have concerns, such as: Will my savings last? Will I be able to collect Social Security…More › -
Why Should You Take a Risk Tolerance Questionnaire?
We all have different comfort levels with so-called “risky” activities. Some of us live for the adrenaline rush that comes with bungee jumping or skydiving, while for others of us, watching an action flick on Netflix is about all the adventure we can stomach. The same is true with investing. Everyone has a different tolerance for risk. Some investors can…More › -
Q& A: Is a Cross-Tested Retirement Plan Right for Your Small Business?
As a small business owner, do you offer your employees a 401(k) plan with profit-sharing benefits? If so, you're able to maintain the flexibility to make discretionary employer matching contributions to the retirement plan for yourself and your employees each year, depending on your company's cash flow and profits. Offering a 401(k) with profit sharing is a great way to…More › -
401(k) Plan Advantages Small Business Owners Should Know
Why offer your employees a 401(k) plan? The answer is simple: by doing so, you're sending a powerful message that you're invested in their future and committed to helping them achieve financial security for their retirement. If you're a small business owner who's currently thinking about providing a 401(k) plan for your employees, now may be an excellent time to…More ›