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Understanding Sequence of Returns Risk and How to Mitigate It with Diversification When planning for retirement, there are many financial risks to consider. Among them, one often overlooked but critical risk is Sequence of Returns Risk (SoR risk). This risk can have a devastating impact on your retirement savings and overall quality of life if…
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The Section 199A Qualified Business Income deduction (QBI), introduced by the Tax Cuts and Jobs Act of 2017, is one of the most powerful tools for small business owners to reduce their federal tax burden. Designed to benefit pass-through entities such as sole proprietorships, partnerships, LLCs, and S-Corps, the QBI deduction allows eligible taxpayers to…
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Saving For College: Best Tips to Maximize Your Aid Eligibility While most financial advisors market themselves as being able to create a comprehensive financial plan, more often than not, they are completely lost when it comes to saving for college. They don’t understand the FAFSA, EFC, or which assets count and do not count. Saving…
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If you have a family and own a business, you’ve probably thought about employing family members. If you have, you might have heard of a family management company(FMC). Setting up a FMC can be a great strategy for business owners. A family management company can help reduce your taxes. In this post, we’ll explore how…
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When it comes to retirement planning, securing a steady stream of income to replace a regular paycheck is crucial for financial stability. As retirees transition from saving to spending, they often look for investments that can protect their principal while offering conservative growth. Annuities are one such option. By purchasing an annuity, an individual enters…