Make Sure Your IRA Beneficiary Is Correct

A few years ago the United States Supreme Court ruled in Kennedy v. Plan Administrator for DuPont Savings and Investment that 401(k) proceeds would go to the decedent’s ex-wife (divorce occurred in the 70’s) instead of the new wife (marriage was in tact for more than a decade) because that is what the account beneficiary…Continue Reading

Getting into Real Estate – What is ‘Errors and Omissions’?

Becoming a real estate agent is an attractive second job for many people who want the freedom that comes with being self-employment. In residential real estate, the weekends are when most home buyers are available to look at property, so it is easy to work part-time as an agent in the evenings and over weekends.…Continue Reading

Management Lessons Taught by an E-Mail Forward

Management Lessons Taught by an E-Mail Forward

I am not a huge fan of e-mail forwards as they are often not funny, but this one actually had me laughing out loud so I figured I would share it! 6 Minute Management Course Lesson 1: A man is getting into the shower just as his wife is finishing up her shower, when the…Continue Reading

Unhappy with Your Full or Discount Stock Broker?

During tough economic times and times of volatility in the stock market, many look at their full service stock broker and wonder if they could be doing a better job. Many question their full service broker’s fiduciary, competence and expenses. Most investors only wake up to the fact when the stock market does so poorly,…Continue Reading

Business Succession Planning Should be a Priority for Business Owners and Professionals

Business Succession Planning Should be a Priority for Business Owners and Professionals

There is one aspect of running a business that most business owners often overlook; succession planning.  I am often reminded of the vary scary scary fact that, Approximately 90 percent of U.S. businesses are family firms, ranging in size from small “mom-n-pop” businesses to the likes of Walmart, Ford, Mars and Marriott. Family businesses are…Continue Reading

Retirement Planning Pitfalls

There are simple facts about our economy that we ignore on a constant basis when planning for retirement. Our population is aging and growing at the same time, and even though we had a large young workforce that supported the generation before it, this will no longer be the case. There’s been a lot more…Continue Reading