These resources are informational pieces only and should not be considered a solicitation nor should any action be based solely on them. The information contained in this section has been obtained from sources believed to be reliable but are not necessarily complete and the accuracy cannot be guaranteed.
This content should be used for information purposes only. Investors should contact us before acting on any of this information to seek our financial advice on their specific situation and the appropriateness of the actions for them. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person.
Please contact us to discuss any information contained in this section, or in the case of tax information, your local tax advisor, as it is not our position to offer legal or tax advice.
Recent Articles
Involving the Family Can Be Good Business
As a family business grows, the owner must ultimately consider how the entity will prosper once he or she takes leave of the helm. With proper preparation, the change-in-command should go smoothly. It will be important to determine which family members will be active...
Section 105 Plans Can Help You Manage Health Care Costs
Section 105 of the Internal Revenue Code may very well be one of the "best-kept secrets" for managing your company's health care costs. The medical reimbursement plans allowed under Section 105 provide sole proprietors, partnerships, C corporations, and limited...
With Noncompete Agreements, Enforceability Counts
Competition is the backbone of the American economy. But business owners need to consider the consequences of a consultant or key employee opening a rival company - stealing trade secrets, hiring valued staff, and luring away customers. This could pose a serious...
401(k)s: Preferred Choice for Retirement Savings
When trying to save for the future, a 401(k) retirement savings plan can help you attain your objectives on a tax-advantaged basis. Named for the section of the Internal Revenue Code (IRC) that created it, a 401(k) plan may be one of the most popular and valuable...
COBRA: Continuing Health Care Coverage after Employment Ceases
The Consolidated Omnibus Budget Reconciliation Act of 1986 (COBRA) enacted health care continuation coverage requirements applicable to employers with more than 20 employees (except churches, the federal government, and the District of Columbia). COBRA requires an...
Funding Medical and Dependent Care Costs with Pre-Tax Dollars
Section 125 "cafeteria plans" can help business owners and employees lower their tax bills. Under Section 125 of the Internal Revenue Code, workers are permitted to withhold a portion of their pre-tax salaries to pay for premium contributions to employer-sponsored...
Key Person Insurance: Cash, When It's Needed Most
Life insurance may be a "diamond in the rough" for your business if its ongoing success depends on one or more key individuals. The death or disability of such a person - for example, an owner or manager who brings in customers - can mean tough times. The realities of...
Removing Money from Your 401(k) Before Retirement
From time to time, circumstances may warrant taking money out of your 401(k) account. If you're older than age 59½, become disabled, get divorced (in specific situations), or die, money can be removed from your 401(k) without paying the 10% federal income tax penalty...
The Entrepreneur's Dilemma
As larger corporations downsize to meet the competitive challenges of the 21st century, many middle managers are taking the opportunity to strike out on their own as consultants. They often seek the independence and satisfaction of working for themselves. Wouldn't...
Consider Inflation When Assessing Your Insurance Coverage
When Cindy and Sean Baxter purchased their life insurance policies ten years ago, they thought they did things the right way. They determined their insurance needs, taking into account the mortgage on their home, projected college education costs, and living expenses....