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401(k) For Small Business Owners, Ultimate Guide

Now more than ever, benefits packages offered by workplaces are one of, if not the most important factor by which employees seeking work will make a determination for their place of employment. With our country’s youth increasingly preferring an increase in benefits as opposed to base compensation rates, 401(k)s are one of the most popularly…

What is a Buy-sell Agreement, Your Guide to Making the Right Choice

Business development takes years of careful cultivation and oversight by those that form and own businesses. At the end of the day, the financial strength of a company is only as strong as the quality of the management team that helped it to get there. When circumstances such as death, sickness, or retirement leave an…

Top 5 Medicare Planning Insider Tricks & Tips for Retirees to Consider

Welcome to our resource on Medicare Planning – An A to Z Guide for the Financial Layperson. We believe that you will find this guide not only informative but at times entertaining as well. When creating this guide, we worked with many different experts on Medicare, including licensed insurance professionals, Social Security administration personnel, in…

Teacher Pension vs 401k, What is Best?

Unique to the many occupational fields that Americans work in are a variety of retirement plan account options available to them. While the most popular form of retirement plan in the private sector is the 401(k), a number of occupational fields including teachers, police officers, government officials, insurance employees, and nurses are given the option…

Term Life Conversion | Essential How-To Guide + Alternatives

As your term life insurance policy nears its expiry date, you will want to explore your coverage options – including whether your policy includes a conversion privilege. Financial needs and goals change, and it’s a good idea to have your life insurance policy reflect your current obligations. For example, many term policyholders: Now need lifetime…

How to Create an Effective Estate Plan Using Life Insurance

Life insurance can be an effective tool when you’re planning to bequeath assets. Most people in the United States have outstanding debt when they pass away, leaving creditors to go after their remaining estate, including financial accounts, real estate, and possessions (think jewelry, cars, antique furniture, etc.). Generally, creditors will seek all estate values, pay…

Key Person Life Insurance Guide for Business Owners

Most businesses value their employees (or at least they should!). But inevitably there will often be a few key individuals who are critically important to the success and viability of the company. These employees can be referred to as “key person’s” or sometimes as a “key man” or “key employee” This may be a founder…

Buy-Sell Agreements For Small Businesses, Quick Guide to Process

When you are the sole owner of a business, there is relatively no ambiguity as it relates to the decision making process for the business. You are able to make decisions relating to company growth and changes. You are also allowed to dictate what should happen to the company should something happen to you, or…

Best Retirement Plans For Small Businesses With Employees

Retirement planning is an essential part of any business, no matter how big or small. After all, a large reason that people work so hard for such a large portion of their lives is to save up for the many goals they have in retirement. Businesses with fewer employees face a different set of challenges…