The Annexus Research Institute has unveiled a new web-based tool that demonstrates the impact of balanced allocation annuities on a client’s or prospect’s portfolio. Efficient Frontier, powered by Ibbotson Associates, allows users to model select retirement portfolio case studies using Ibbotson’s Efficient Frontier Framework for both accumulation and income optimization. You can run comparisons between two portfolios:… Read More
Financial Strategies Archives - Page 2 of 2 - Creative Edge
How much can be packed into a day-and-a-half training event? Attendees of Learn to Earn 2013, held October 2-4 in Overland Park, Kansas, discovered enough new ideas, operational tips and inspiring words to soar to new heights. > Relive Learn to Earn 2013 with photos and videos of the instructional presentations. The event kicked off… Read More
You’re probably familiar with the saying, “Don’t put all your eggs in one basket.” For clients who experienced a great deal of loss in the market crash of 2008, this phrase rings resoundingly true. Given the challenging economic environment we continue to face, the benefits of indexed annuities have never been more apparent. They offer… Read More
There is so much heat and so little light in the debate over how to avoid the “fiscal cliff.” I recently watched a Sunday morning news show in which the anchor played footage showing Speaker Boehner saying that tax rates should not be raised, and then watched her pose the non sequitur to her panelists,… Read More
In part two of this series, we discussed the basic outline for helping your business owner clients begin to plan and prepare an exit out of their firm. Once you’ve worked together to review the situation, define the runway, identify the outlook and select the appropriate method of sale comes the most critical part of the transition process – structuring the deal. Depending on whether or not an internal or external successor has been chosen, there are a number of factors that can impact the success (or failure) of the transaction. Once these are recognized comes the hard part of exit planning for many agents and advisors: following through with the deal and actually leaving the business to enjoy retirement.
In part one of this series, we discussed the importance of helping business owners recognize and acknowledge the need for an exit plan. After all, according to a Wells Fargo/Gallup Small Business Index poll conducted in 2010, 47% of small business owners plan to never retire! Is that out of a desire to work or a perceived need to? It’s our job as the advisor to bring to light that we will not be able to work forever, and the businesses we’ve worked so hard to build can play a critical role in creating the retirement we want and deserve. In order to succeed in retiring profitably, as in business, we have to plan. Choosing the appropriate time to sell and maximize the value of the business as an asset is not as simple as listing it and waiting for the phone to ring – careful thought and preparation is imperative.
The month of February leads many people to think of everything from cupids and engagements to roses and diamonds. Merriam-Webster defines the word diamond as “a native crystalline carbon that is the hardest known mineral that is usually near colorless.” Most women define diamonds as the ultimate gift of love. The true beauty of a diamond can be enhanced by the proper cutting of the stone – known as faceting. This process is designed to allow the gem to reflect light and must be carefully adjusted to maximize optical performance.
Part 1: Identifying current status and timing the exit strategy
Many of us can remember simpler times and a slower pace of life. Back in the good ‘ole days, goods and services were provided by people you knew by name, who lived in your neighborhood, and who visited just to check on your children or catch up on any family news. There were fewer choices, and no one seemed to mind. The milkman would bring whole dairy milk to your door each week, and families enjoyed the vitamins and nutrients this product offered. But with the advent of new technologies, individuals began going to the grocery store to buy milk in 2%, 1% and skim varieties to enjoy a different set of nutritional benefits.