The Good Life

HSA as a Financial Planning Tool

A Health Savings Account (HSA) allows for tax deductible contributions into an account specifically for Health Care expenses. Typical out-of pocket medical expenses include paying for deductibles and copays.  If you and your family are relatively healthy, an HSA can help build a substantial reserve for your older years where health care expenses are likely to be much greater.

Business Owners: What’s your plan?

We’re talking your lifetime financial plan, that is. Having completed over 384 written financial plans and calculated numerous ‘back of the napkin’ plans, each family’s lifetime financial plan for first accumulating and then distributing income (into then out-from) various investment vehicles, is unique.  Collectively, however, financial plans for business owners differ fundamentally from our friends with paycheck jobs.

Time-Saving Tax Saving Tech Tools

In this month’s article, I’ll be sharing some of the tech tools that I have found that make my life easier and faster, so that I can spend my time making my business more profitable. These tools are easy to use, and often free or inexpensive.

How Savvy Business Owners Pay for College

Most parents planning for college are familiar with the mainstream ways of saving and paying for college.  These include 529 plans, Savings accounts, life insurance among other common methods. Awesomely, business owners have a few additional tools in their arsenal.  Here are a few ways savvy business owners can save and pay more easily for college.

Starting the Second Half

It’s hard to believe that we’re already half-way through the year! How are your business and family finances faring? Are you halfway to your goals? Right now is a great moment to do an assessment of both; while you still have time to adjust, to reach and even to exceed your business and family financial goals for the year. Here are very important areas to look through:

25 Years as a Financial Sherpa Parent – An update!

Since age 17, I’ve read every “Money Magazine”, “Wall Street Journal” and every other sensible financial tome I could handle. My parents were so poor they had to sell a cow to pay each car insurance or college bill. By the time I had my first child at age 32, I was no longer struggling. I had saved 10 percent of every paycheck since my first year after college. With intentions of imparting the awesomeness of savings and compound interest to my children, I raised my 2 boys with every bit of wisdom I could muster.

Spring Clean Your Business to Survive and Thrive

Spring is in the air. Warm weather is approaching. Time to clean out any sluggish parts of your business so you can create growth and possibly more profits. Here are some items you should review and improve upon every year if you want to grow your profits and your life. I know you’re busy, but if you want the life you dreamed, set up a system to build on these key areas every year. You may be happier after you cleaned up!
 

Wrap Up Ramp Up 2017

Normally this time of year I encourage all my business owner clients and faithful readers take a goodlook at what you’ve accomplished so far this year, to accelerate your efforts so you can finish the year strong, and to plan for what you want to have happen next year. This time I’m going to address how those plans can change wildly from what you thought was going to happen and applaud contingency planning.

HSA as a Financial Planning Tool

A Health Savings Account (HSA) allows for tax deductible contributions into an account specifically for Health Care expenses. Typical out-of pocket medical expenses include paying for deductibles and copays.  If you and your family are relatively healthy, an HSA can help build a substantial reserve for your older years where health care expenses are likely to be much greater.

Business Owners: What’s your plan?

We’re talking your lifetime financial plan, that is. Having completed over 384 written financial plans and calculated numerous ‘back of the napkin’ plans, each family’s lifetime financial plan for first accumulating and then distributing income (into then out-from) various investment vehicles, is unique.  Collectively, however, financial plans for business owners differ fundamentally from our friends with paycheck jobs.

Time-Saving Tax Saving Tech Tools

In this month’s article, I’ll be sharing some of the tech tools that I have found that make my life easier and faster, so that I can spend my time making my business more profitable. These tools are easy to use, and often free or inexpensive.

How Savvy Business Owners Pay for College

Most parents planning for college are familiar with the mainstream ways of saving and paying for college.  These include 529 plans, Savings accounts, life insurance among other common methods. Awesomely, business owners have a few additional tools in their arsenal.  Here are a few ways savvy business owners can save and pay more easily for college.

Starting the Second Half

It’s hard to believe that we’re already half-way through the year! How are your business and family finances faring? Are you halfway to your goals? Right now is a great moment to do an assessment of both; while you still have time to adjust, to reach and even to exceed your business and family financial goals for the year. Here are very important areas to look through:

25 Years as a Financial Sherpa Parent – An update!

Since age 17, I’ve read every “Money Magazine”, “Wall Street Journal” and every other sensible financial tome I could handle. My parents were so poor they had to sell a cow to pay each car insurance or college bill. By the time I had my first child at age 32, I was no longer struggling. I had saved 10 percent of every paycheck since my first year after college. With intentions of imparting the awesomeness of savings and compound interest to my children, I raised my 2 boys with every bit of wisdom I could muster.

Spring Clean Your Business to Survive and Thrive

Spring is in the air. Warm weather is approaching. Time to clean out any sluggish parts of your business so you can create growth and possibly more profits. Here are some items you should review and improve upon every year if you want to grow your profits and your life. I know you’re busy, but if you want the life you dreamed, set up a system to build on these key areas every year. You may be happier after you cleaned up!
 

Wrap Up Ramp Up 2017

Normally this time of year I encourage all my business owner clients and faithful readers take a goodlook at what you’ve accomplished so far this year, to accelerate your efforts so you can finish the year strong, and to plan for what you want to have happen next year. This time I’m going to address how those plans can change wildly from what you thought was going to happen and applaud contingency planning.

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