Year: 2008

Business Survival for Families-Part III

Over the past two weeks, I’ve discussed strategies for transferring your business to family members. If you do not plan to leave your business to a family member, you will want to take steps to maximize its value upon a sale. When we ask our business owner clients what they plan to do with their business, more […]

Relief for Homeowners Facing Foreclosure

The President this week signed into law a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and sets the stage for bail-out funding of mortgage giants Fannie Mae and Freddie Mac, if needed. The law takes effect on October 1st and allows thousands of at-risk borrowers to refinance their unaffordable original mortgages […]

Business Survival for Families-Part II

Last week I discussed three strategies for transferring the family business to family members. An often critical element in a well designed family transfer strategy is a well-crafted buy-sell agreement. More often than not, I find that no buy-sell agreements are in place. In many other cases, the current buy-sell agreement no longer reflects the wishes of the […]

Business Survival for Families-Part I

You may be surprised to learn that 90 percent of businesses are family owned. Only 30 percent of family businesses survive to the next generation of family members and only 15 percent survive to the third generation. The reason? Illiquidity and estate taxes are one reason but in far too many cases, family dynamics make a sale or […]

Consider Your Mortgage Strategy Carefully

With the housing market in a state of turmoil, many people are wondering, what, if anything, they should or could do to improve their home financing plan.  Over this past year, the Federal Reserve has lowered interest rates in an effort to inject more liquidity into our financial markets and keep general interest rates down.  […]

Mid-Year Market Outlook

 As we close out the first half of 2008, we find our economy dipping deeper and deeper into recession and the US stock market teetering on the brink of a bear market.  Our economic woes first appeared last year with rising home mortgage defaults as many homeowners found themselves upside down when their home values […]

Paying For College-Part III

The average cost for tuition and fees at four-year public institutions has increased nearly 50% over the past 10 years after adjusting for inflation according to the College Board. The key to providing for your children’s college costs is to start saving early and systematically. Here are some of your best options: 529 Plans.  This […]

Paying For College-Part I

With college costs rising year after year, parents and students alike wonder how they can pay for a college education.  In this first of a three-part series, I’ll explore how you can access free money for college expenses.    Many people do not realize just how much money is available through scholarships and grants.  Did […]

A Stressed Economy Yields Opportunity-Part I

To say the least, it has been a bazaar year from an economic and financial perspective.  The Federal Reserve, Treasury Department, and Congress have collectively allowed us to poke our heads under their tents and see what they see…and it’s not pretty.  Fear of a deep recession or even worse, a 1929 style depression mobilized […]

Avoid These Retirement Planning Mistakes

  The leading edge of the eighty million-plus Baby Boomers is just entering retirement.  Considering leaving your full-time job for the leisure of retirement can be a sobering thought as you realize that you’ll no longer have the security of a steady paycheck.  When planning your retirement, avoid these common mistakes:   Being too conservative […]