As mentioned in Part 1, most business owners will leave substantial dollars on the table when they sell their business, and less than one-third of business owners will be able to successfully transition out of their business.
Check out what Brightworth advisors and planners have to say about wisely managing your financial future.
If you’re a business owner, you’ve likely spent years, possibly decades, building your business. No doubt you’ve poured your heart, soul and much of your finances into making your business successful. Unfortunately, if you’re like most business owners, you probably haven’t spent much time planning to capture the value you’ve created in your business.
I hate this cliché, but it kind of fits…Rome wasn’t built in a day. Your goals don’t have to be accomplished in day, or even a year. The important thing is to set goals, make progress and keep at it. Doing nothing will not produce results. As Mark Twain famously said, “The secret of getting ahead is getting started.”
What did your parents teach you about money growing up? Was money an open conversation in your family or a taboo topic? Regardless of their intentions, each of our parents taught us something about money. Here are some tips for how to purposefully teach your young children about money and make it fun!
It’s been 10 years since the last bear market, commonly defined as a sustained decline of 20 percent or more. We experienced a significant correction late last year, with stock dropping almost, but not quite 20 percent. Equity prices have since staged an impressive recovery so far this year. While we don’t know if the next bear market is right around the corner or a long time away, to successfully navigate the next one and keep their investment strategy intact, investors need to know three things...
Investors know stocks often stumble during economic recessions, so it’s no surprise we are frequently asked if a US recession is likely in 2019. The good news is that the economy is expected to continue to grow this year, making it the longest economic expansion in US history.
Despite the continuing buzz about slowing economic growth in 2019, most economists are not predicting a US recession this year. In fact, for long-term investors, there are plenty of reasons to be optimistic. Here are six potential surprises that should give investors a respite from some of the dire predictions and help guide your investment decisions this year:
A very common statement I’ve heard from my clients over the years when discussing retirement goes something like this: “I don’t want to just stop working. I would go crazy.”
Last month, it appeared that Scrooge, the Grinch, and the Wet Bandits from the movie “Home Alone” were conniving to steal Christmas from investors.
Many of my clients nearing retirement talk a lot about life after work. But do you know what they often worry about most? Not just money – but how to wisely use their time, talent, influence, AND money in their retirement years.
Celebrating New Year’s Eve and New Year’s Day are always a lot of fun. On New Year’s Eve, my husband and I celebrate with our young children by ringing in the New Year with friends who also “risk” trying to see if their little ones can make it to midnight as well! Sometimes we make it to midnight, sometimes we depart by 9pm as someone is melting down.
A financial strategy that is easy to manage is so important to help busy attorneys pay taxes, save for retirement and other goals, and have the cash flow needed for living expenses. Here are five fundamental steps any attorney should consider right now.