DETERMINING WHAT IS FAIR In our post entitled, Decision Making in Your Family Business: A Guide for Owners, we shared how requiring consensus in family decision making led to the most positive and unifying results. Our topic this time...
Today's guest post is by Jackie Waters, author of Hyper-Tidy.com. Financial life planning as you build a family can get complicated. You not only have to cover the basics in your day-to-day lives, but you have to look ahead and...
You’ve spent your life building and running a successful business, and now you’re ready to pass it on. You’ve identified your successor – your precious offspring. Great! Now what? There are many steps between here and your end goal...
business continuity, family business, family business successon, next generation, preparing heirs, succession planning
Group decision making is a topic that has spawned many academic studies, books, and white papers. It is never easy to get a group of human beings to make a decision together. It’s hard enough for a single individual...
What to Say and Not to Say When People are Grieving Let’s face it; whenever someone we know has suffered a loss or is going through a difficult time, we all struggle with what to say. Some of us...
Dear Richard, I have enjoyed reading your blog posts over the years. My parents are in the process of transitioning the ownership and management of our family’s business to my brother, sister, and me. All three of us are...
In this New York Times article, Carl Richards confirms an important lesson I learned for myself many years ago: It's fine to spend money on memorable experiences. Earlier in life, I was certain that the wisest and most prudent...
What a difference a year makes! If you have a good long memory, you may recall that the S&P 500 began 2016 with its worst start ever. This time around volatility was much more subdued. Instead of hitting new...
On February 8th, our daughter lost her wonderful new husband after being married only three months. Just 42 years young, he succumbed to a sudden cardiac arrest while taking out the garbage. I’d like to share three financial planning insights...
Without enrolling in your local university, it's difficult to find good educational information on how our economy and markets function. There's a lot of misinformation out there, sometimes masked as marketing or entertainment (most financial “news”). Finally, we have...