Helpful Hints

Succession Planning: Buy-Sell Agreement

Helpful Hints, News, Small Business PlanningBy Broadridge July 29, 2020

Buy-sell agreements are very important planning tools that can accomplish many things for a business with two or more owners. Sometimes referred to as a prenuptial or premarital agreement among business owners, a business continuation agreement, a stock purchase agreement, or a buyout agreement, a buy-sell is a legally binding contract that establishes when, to whom, and at what price an owner, partner, or shareholder can sell his or her interest in a business.

The Shape of Economic Recovery

Alerts, Helpful Hints, NewsBy Broadridge July 28, 2020

On June 8, 2020, the National Bureau of Economic Research (NBER), which has official responsibility for determining U.S. business cycles, announced that February 2020 marked the end of an expansion that began in 2009 and the beginning of a recession.1 This was no great surprise considering widespread business closures due to the coronavirus pandemic and the resulting spike in unemployment, but it was an unusually quick official announcement.

How to Protect Yourself Against Identity Theft

Helpful Hints, NewsBy Broadridge July 13, 2020

Massive computer hacks and data breaches are now common occurrences — an unfortunate consequence of living in a digital world. Once identity thieves have your information, they can use it to gain access to your bank and credit card accounts, make unauthorized transactions in your name, and subsequently ruin your credit. Now more than ever, it’s important to safeguard yourself against identity theft.

Teach Your Children Well: Basic Financial Education

Helpful Hints, NewsBy Broadridge July 7, 2020

Even before your children can count, they already know something about money: it’s what you have to give the ice cream man to get a cone, or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children begin to handle money, start teaching them how to handle it wisely.

Women and Work: Why Salary, Benefits, and Work-Life Balance Count

Helpful Hints, NewsBy Broadridge June 22, 2020

As more and more women earn college degrees, change in the workplace may be inevitable. According to the National Center for Education Statistics, women now earn 57% of bachelor’s degrees, 58% of master’s degrees, and 53% of doctoral degrees. According to the Bureau of Labor Statistics, approximately 71% of women with children under age 18 are in the labor force.

Coping with Market Volatility: How Biases Can Affect Investment Decisions

Financial Planning, Helpful Hints, NewsBy Broadridge June 19, 2020

When it comes to your finances, “go with your gut” might not be the wisest adage to follow. In fact, it may work against you, particularly in periods of market turbulence. Before jumping to conclusions about your finances, consider what biases may be at work beneath your conscious radar.

Avoid Mixing Business and Personal…Finances That Is

Helpful Hints, News, Small Business PlanningBy James Sager, CFP®, ABFP™June 12, 2020

Most are familiar with the old saying “never mix business with pleasure.” However, for business owners both large and small, keeping in mind the mantra to never mix business finances with personal finances will serve you well.

Net Unrealized Appreciation: The Untold Story

Helpful Hints, News, Retirement Planning, Tax PlanningBy Broadridge June 12, 2020

If you participate in a 401(k), ESOP, or other qualified retirement plan that lets you invest in your employer’s stock, you need to know about net unrealized appreciation — a simple tax deferral opportunity with an unfortunately complicated name.

Reaching Retirement: Now What?

Helpful Hints, News, Retirement PlanningBy Broadridge June 9, 2020

You’ve worked hard your whole life anticipating the day you could finally retire. Well, that day has arrived! But with it comes the realization that you’ll need to carefully manage your assets to give them lasting potential.

Estate Planning: Leaving a Legacy

Estate Planning, Helpful Hints, NewsBy Broadridge June 5, 2020

You’ve worked hard over the years to accumulate wealth, and you probably find it comforting to know that after your death the assets you leave behind will continue to be a source of support for your family, friends, and the causes that are important to you. But to ensure that your legacy reaches your heirs as you intend, you must make the proper arrangements now. There are four basic ways of leaving a legacy: (1) by will, (2) by trust, (3) by beneficiary designation, and (4) by joint ownership arrangements.

Category Archives: Helpful Hints