Many successful business owners share a common story: they have the ability to generate substantial revenue and grow their business, but they struggle to hold onto that wealth over time. High income doesn’t automatically mean high savings or a sustainable legacy. With challenges like taxes, reinvesting without a clear strategy, or a lack of structured financial planning, the journey from
As the year draws to a close, it’s time to take stock of your financial situation and prepare for the upcoming tax season. Proactive planning can help you optimize your tax liability, organize your finances, and set a solid foundation for the new year. And for someone entering or already in retirement, tax preparation is essential to making sure your
Stocks are at all-time highs and valuations are expensive, leaving investors with a lump sum to invest wondering if they should pull the trigger or dollar-cost average to protect against investing a lot right before a market decline. Here are four quick points to consider and my ultimate conclusion.
The post Should You Dollar-Cost Average in This Market? appeared first
With the new year comes increased retirement plan contribution limits, offering more opportunities to save for the future. Here’s what you need to know for 2025.
401(k)s and 403(b)s
In 2025, you can defer up to $23,500 from your salary, with a total maximum contribution from all sources reaching $70,000, including employer matching and profit-sharing contributions. If you’re 50 or
As a newly single parent, saving for your children’s college education can seem daunting, but with careful planning and informed decisions, you can create a solid financial strategy to secure their future. At HB, this is an area in which we routinely advise our clients. Below are some of the essential steps and considerations that are part of building a
Divorce is challenging and a woman’s self-confidence often dips during this tumultuous time in her life. In today’s episode, I speak with Diane Pappas and Chris Chen, co-creators of the Divorce Course for Women, on how you can advocate for your value during a divorce.
Both Diane and Chris are certified financial planners (CFP®) and divorce financial analysts (CDFA) dedicated
Scaling a marketing agency requires more than just attracting clients; it demands a comprehensive approach to financial management. Implementing strategic financial practices ensures sustainable growth and maximizes the agency’s potential. Agency leaders must navigate the complexities of budgeting, cash flow, and resource allocation effectively to drive long-term success.
By aligning financial planning with business goals, marketing agencies can make informed decisions
I prefer to avoid politics in my client conversations and personal finance content. You risk ticking people off with a topic that’s not very relevant to their finances anyway. But ignoring it this week feels forced, so here are my brief election thoughts before getting into the possible financial implications.
The Election
I can’t recall the last time I was
We’re excited to share our Q4 2024 Market Update! In this video, we cover the most pressing economic trends and market themes to watch as we wrap up the year. If you’re curious about what’s happening with inflation, interest rates, or how the market may respond during an election year, this update is for you.
Here’s a glimpse of what
Acquiring a new business can be an exciting opportunity, but it often comes with financial challenges. To ensure long-term success, it is crucial to stabilize its finances quickly and effectively. This process involves assessing current finances, creating a solid plan, and finding ways to enhance efficiency and revenue. Addressing these areas can pave the way for a strong foundation