Are you getting the most out of your team? Did you know that you can use your company’s 401(k) retirement plan to help motivate your employees? While 401(k) plans are tightly regulated, employers still have significant amounts of flexibility in several critical areas, including plan eligibility and profit-sharing. With some…
When people talk about wealth management, they are usually talking about asset management. An asset is an economic unit that you own or control, with the expectation of a future financial benefit. If you want to increase and protect your wealth, you need a strategy for the building and acquisition…
History has a way or repeating itself, which leads us to believe that another recession is almost a certainty. It’s not so much a question of if, but rather of when. Historically, the American economy has grown in fits and starts, otherwise known as recessions and expansions. As a result,…
What’s the best way to grow your dental practice? If you’re like most dentists, your first thought was you need to bring in more new patients. But many practices excel at attracting new patients, and still fail to meet their growth goals. Why? They don’t retain enough of the…
Economic trends in China give plenty of reasons to appreciate the intensity of trade negotiations with the worlds 2nd largest economy. Watching as President Trump raises the stakes, this long-running trade war should not be misunderstood as his personal agenda, as many people do. The rhetoric from politicians leaves nothing…
Setting up and contributing to a retirement account is a critical first step towards becoming financially independent. But what do you do with your retirement account once you have it? How often should you check your balance? Like most retirement questions, the answer depends on how close you are to…
Housing prices continue to cool, but we look for the housing industry and the consumer to continue supporting GDP growth as manufacturing and export sectors show signs of slowing. The S&P/Case-Shiller National Home Price Index for June 2019 showed that prices gained 3.1% year-over-year, down from 3.3% in May and…
Every year a new retirement study is released, and every year the highlights are the same. People are not saving enough for retirement, and the older people get the more stressed they become about being able to afford to retire. Businesses have a unique opportunity to help reverse this decades-long…
2Q GDP GROWTH RATE LOWERED TO 2.0% The Commerce Department lowered its estimate of 2Q 19′ GDP growth rate to 2.0% from 2.1%. The results, which were in line with expectations, portray a U.S. economy that remains is in solid shape (the long-term growth forecast for GDP is 2.0%) but…
Over the next three decades, younger generations will inherit over $30 trillion. During this same period, thousands of prosperous small and medium businesses will also change hands. This massive transfer of wealth may cause some significant problems for those on the receiving end. You already know how critical money management…
