Succession Planning For Business Owners – Part I
For a downloadable copy in PDF format, click here.
Retirement: Pros and Cons of Rolling Your 401(k) to Your IRA
As some of our clients near retirement, they often ask whether they should roll their 401(k) (or 401(k)s) into an existing or new IRA. The answer is (as it so often is) – maybe. There are pros and cons to such a rollover, which should be weighed in light of your individual circumstances and needs. […]
Have a Spooky – But Safe – Halloween!
Halloween has been celebrated in one form or another for over 2,000 years – it dates to the ancient Celtic festival of Samhain, which was celebrated on October 31 with bonfires outside and hearth fires in homes left to burn out as the harvest was gathered. That date was the official year-end, with the new […]
Do You Really Want Your Ex Inheriting Your Retirement Account(s)?
We’ve written more than once about the importance of keeping your beneficiary designations current. In fact, one of the first things we do at RFG with new clients is to ask to see beneficiary statements on all relevant accounts and insurance policies, both life and disability. We also ask to review these periodically, as life’s […]
Reporting Beneficial Ownership Information to FinCEN – the Clock is Ticking!
Most privately-held businesses created and registered before January 1, 2024 are required to file beneficial ownership information (BOI) with the Financial Crimes Enforcement Network (FinCEN), which is a part of the U.S, Department of the Treasury (DOT), by January 1, 2025. For businesses created or registered after January 1, 2024, but before January 1, 2025, […]
Non-Compete Agreements – Current Status of the New FTC Rule Explained
On April 23, 2024, the U.S. Federal Trade Commission (FTC) issued a new rule banning businesses from instituting non-compete agreements with any new hires and prohibiting enforcement of existing non-compete agreements with an exemption for in-force agreements concerning “senior executives,” defined narrowly to include those earning over $151,164 annually and having “final authority to make […]
Overdoing It? Don’t Let Your Strengths Become Weaknesses
I’m a big believer in playing to our strengths – I don’t think that’s news to anyone who knows me. When we work from a place of strength, a place of confidence and interest, we enjoy what we’re doing. We lose track of time as we delve into our subject; we take pride in our […]
Top Estate Planning Factors for Real Estate Investors
Estate planning is vital for anyone with significant assets – most of you already know this. But it comes with a variety of considerations and often involves a multi-pronged approach to ensure every aspect of your estate plan furthers your goals for your family and your business and is aligned with your core values. This […]
IRS Provides Tax Relief for all Louisiana Victims of Hurricane Francine
Well, for us in Louisiana, another year – and another hurricane! A Category 2 Hurricane when she made landfall on Wednesday, September 11, 2024, Francine has left a lot of damage in her wake. On Friday, September 13, 2024, the Internal Revenue Service (IRS) announced the measures it will implement in order to provide some […]
New RFG Whitepaper – Succession Planning For Business Owners – Part I!
Is your business in ship-shape preparation for its next generation of management? Have you considered all your options? While there are various ways business owners can choose to select their business successor(s), each requires its own approach: But there are certain steps you should take when planning your business’ transition to a new management, whether […]