Category: Commentary

MBJ Table of Experts: A Conversation on Family-Owned Businesses

Joanna Crangle/MBJ : Based on experience in your industries, how do the needs of family-owned businesses differ from your traditional business clients?  Jay Healy : The net worth of a family that owns a business is often high but concentrated. That means that they need a different set of planning strategies than non-business owners who are generally saving for retirement and getting traditional financial planning advice. We often say to business owners: You may have $1 million in... Read More
at Tuesday, October 15, 2019
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Thoughts on Disability Insurance

Insuring against the unexpected is a vital element of any financial plan. For the most part, individuals are familiar with life insurance and health insurance policies, but take little action to protect their greatest asset—their ability to earn an income. Disability insurance hedges against this risk by providing income replacement should illness or injury jeopardize the physical capability to work. It’s easy to disregard the need for disability insurance if you don’t have... Read More
at Tuesday, June 4, 2019
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Managing Your Tax Liability

No Refund + No Payment = You’re Doing Something Right:  Managing Your Tax Liability The Trump administration enacted some major tax laws last year that taxpayers are starting to feel in diminished income tax refunds or higher payments in 2019. Essentially, the Tax Cuts and Jobs Act cut rates for taxpayers of every tax bracket, but also eliminated a great deal of deductions. This meant that most taxpayers had less tax withheld in 2018, slightly inflating their paychecks... Read More
at Wednesday, April 10, 2019
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Benefits of a Health Savings Account

Could a Health Savings Account Be Right for You? Since their inception in 2003, the popularity of Health Savings Accounts (HSAs) has been on the rise. For years it was the lesser known of the tax-advantaged retirement saving options, but more and more Americans are taking advantage of the opportunities HSAs afford to (1) reduce taxable income, (2) pay medical expenses with pre-tax money, and (3) increase savings for retirement. What is a Health Savings Account? Health Savings... Read More
at Tuesday, February 5, 2019
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Resolve to Prioritize Financial Wellness in 2019

Resolve to Prioritize Financial Wellness in 2019 December is not only a month to celebrate the holidays with family and friends, but the last month of the year—our final opportunity to look back over the past twelve months and evaluate our personal and professional progresses. Did you make any resolutions for 2018? How well did you stick to reaching those goals? What will you resolve to do differently in 2019? The New Year provides us a fresh start to overhaul any areas in our... Read More
at Friday, December 28, 2018
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