Posts Tagged "retirement"

Arranging Your Finances to Reduce Your Taxes

Posted by on Feb 16, 2015 in Accounting, Financial Freedom, Tax, Tax Planning | 0 comments

Arranging Your Finances to Reduce Your Taxes

Planning your tax year and arranging your finances may not sound like the most interesting thing you’ll do this year, but we are certain it will be much more interesting if by doing so you discover that you have less tax to pay. In an ideal world, every year you will have managed your financial affairs so that your taxes are minimized as much as possible. We realize that this can be incredibly difficult to do. It’s already February, so before you know it April will be upon us and there will be no more tax planning to do. If you can spare even an hour or two, we would encourage you to talk with us now about arranging your finances so that your taxes are not the great...

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Do You Need a Family Business Council?

Posted by on Jun 10, 2014 in Family Business, Transition Planning | 0 comments

Every family owned and operated business has a unique layer of challenges that are different from a “non-family based business”. Whether your business is a large-scale corporation, a region-wide chain, or has more of a “mom and pop” feel, having a Family Business Council can help your business and family. We know that family can be tough sometimes.  And running a business is hard, too.  When you combine the two, at times it can be deadly.  A Family Business Council means that you’re not running your business like a family – you’re running it like a business. You probably already have a board of directors, and they probably communicate pretty well with...

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How to afford a long, happy retirement

Posted by on Sep 30, 2013 in Financial Freedom, Personal Freedom, Transition Planning | 0 comments

Although you might think that you can delay planning for your retirement, the truth is that you cannot. If you want to be able to afford a long happy retirement and you have not already started to prepare for it, don’t delay another day – start now! How much income will I need for retirement? To feel secure in retirement you will need at least 66 percent of your current income. On average, social security will cover around forty percent of your current income, leaving you to fund the rest out of savings. As everyone is different, it is important to be realistic about your retirement needs and goals. For instance when do you plan to make your transition? Will you...

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