Social Security Considerations: Break-Even Analysis

“When should I claim Social Security benefits?” Our clients ask this question often. Of course, as dutiful advisors, this is a planning element we begin to evaluate proactively as soon as our clients are nearing the age that this decision needs to be made. Unfortunately, as with many things in life, things are more complicated than they appear. It also doesn't help that there are a myriad of articles and opinions that don't evaluate the question from the same perspective, much less draw the same conclusion.  
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What to Know About Medicare Part B Premiums

There are many things to look forward to as you contemplate the next chapter of your life, the chapter after full-time work: travel, family, leisure, more purposeful work. However, in all of my years offering advice and guidance, I have never heard of planning for Medicare as one of them. But with proper planning, you can avoid unnecessary surprises, and hopefully save money on Medicare B premiums.  
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Why Valuation Matters for Closely-Held Businesses

on September 09, 2019 |By Jarrod Musick | Business Owners Planning
We are all working towards an end-of-business ownership event, whether it's an external sale, an internal succession, or a transition to your family through an estate plan. Whichever path you hope to take, the change will arrive someday. Knowing that the business will transition away from you at some point, it's a must to have a strategy in place. A key piece of data for that strategy is a current valuation so that you can understand what your business is worth.  
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When to Consider Converting to a Roth IRA

Here's the big picture - converting traditional IRAs to Roth IRAs is a strategy that can preserve wealth through tax efficiency. Traditional IRAs are funded with pre-tax dollars and grow tax-deferred. Generally, when you withdraw funds, they are taxed at ordinary tax rates. Roth IRAs work just the opposite. They are funded with after-tax dollars and grow tax-deferred. Generally, when you withdraw funds, they are tax-free.  
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How to Determine When to Sell Your Business

How do you know when it’s time to sell?   Unless you started your business with a specific exit date in mind, answering this question can be incredibly difficult. You have poured more hours, sweat, and energy into your business than you can count, and you have recruited good, talented people who believe in your vision. How can you call it quits and decide to sell?  
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