Creating Incentives for Key Employees

Keeping the best talent on your team means building a vision for their career at your company.   If you have ever lost someone talented, or are worried about losing someone right now, this article is for you.   The best part about working with talented, motivated people is that they are the ones that drive your company forward. They create the value that you deliver to your clients and customers. They are the ones responsible for driving the business equity growth.  
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Social Security Considerations: Spousal and Survivor Benefits

Now that we have discussed Social Security Break-Even Analysis and Portfolio Withdrawals, let's explore how spousal and survivor benefits impact the analysis.   A worker can be eligible for benefits based on their work history or their spouse’s and can receive the higher of the two benefits. The starting point for determining the spousal benefit is 50% of the primary insurance amount (or full retirement benefit) of the other spouse. For example, let's take a hypothetical couple, John and Jane. If Jane's benefit is $2,000 per month at full retirement age, then the starting point for determining John's spousal benefit is 50% of $2,000. John's spousal benefit would then be $1,000 per month if he waited to receive benefits until his full retirement age. John could potentially claim his spousal benefit sooner, as early as age 62, but the spousal benefit would be reduced. A couple of things to know about the spousal benefit is that it does not receive delayed retirement credits, and it is only available if the other spouse has filed for benefits. So, John's spousal benefit would not increase by him delaying benefits past full retirement age, and he would only be eligible to receive spousal benefits if Jane has already filed.  
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The Impact Multiplier

on November 13, 2019 |By Jarrod Musick, CFP® | Impact
Trying to do more can mean that you impact fewer things. However, there are three rules you can use to increase your impact by doing less and still be more at peace.   Rule #1: If, by doing something, you would consider it a day well lived, even if it was all you did, make it a priority. If it's not, then you should move it down your priority list or off the list entirely.  
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Social Security Considerations: Portfolio Withdrawals

In our first discussion about Social Security, we discussed Break-Even Analysis. It's a good place to start as it is fundamental to understanding when to claim Social Security. However, it's exactly that, a starting point. If that's where your research stops, then you are missing the bigger picture. Unfortunately, that is where many studies, commentary, and analysis done by individuals begin and end.  
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How to Leverage Opportunity Zones

on October 28, 2019 |By Jarrod Musick, CFP® | Business Owners
Opportunity zones are new, powerful opportunities for expanding businesses, and are not widely understood. That combination matters if you are raising capital for your business.  Opportunity zones are not enterprise zones, blighted areas, empowerment zones, or any of the litany of other designations. Opportunity Zones (OZs) were created in the 2017 tax reform bill. The provision allowed for the designation of specific geographic areas that met certain economic criteria. As a result, there are now 8,700 OZs around the country that allow for special tax benefits to investors who invest in companies in those zones. There are several tests that a company can meet to qualify as a Qualified Opportunity Zone Business (QOZB), but they center around the primary operations and most of the employees being located in the OZ or across multiple OZs.  
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