Category Archives: retirement planning

Top 3 Myths Uncovered About How Your Money Should Work For You

Is your money working hard for you or hardly working? Are you earning a rate of return greater than inflation? Are you prepared for inconsistencies in your returns if you are in for the long hall which is until you retire? Or are you investing your money and letting it work for you and your retirement?
If you put your money to work for you, what were the job requirements you asked of your money? Let’s look at a few of these requirements and see how your money is doing at its job. Continue reading

Warning: You Are Losing Money by Not Trying Something New

retirement plan

When people save for retirement, they only usually know about stocks, bonds, mutual funds and annuities.  But there are other investments that are available to spread out the risk of investing in just one area.

The problem often arises at this point that people often Continue reading

The Five Biggest Estate Planning Mistakes That Enrich The IRS Instead Of Your Family

Readers of this column often ask me to give a second opinion (really a review of an existing estate plan). Typically, the plan has one to three mistakes. Sadly, each mistake causes estate tax dollars to be lost to the IRS, automatically reducing your children’s inheritance.

Recently, I reviewed the estate plan of a well-to-do reader (Joe, age 65) with a net worth of $20.8 million. Even I was shocked. Joe’s plan had Continue reading

Why You Should Be Investing In Real Estate

real estate investment

As entrepreneurs find success with their primary business ventures, many search for the proper investments for their profits.

Of course, we can and should all start traditional tax preferred vehicles like an IRA and 401k. These are the bedrock of good ‘benefit’ planning for ourselves and our employees. I’m also convinced more entrepreneurs should consider Continue reading