Happy 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 year beginning […]
Entrepreneurs: Pre-Sale Business Valuation & Timing
When planning to exit your business, it will be important to have a current independent business valuation. Whether you’ve had one done recently or not, you will want to have one within the three years prior to the sale. This isn’t a law, or even part of the official tax code, but the IRS does […]
Entrepreneurs: Are You And Your Business Prepared for Your Exit?
One fact every entrepreneur must face is that one day, we won’t be running the business we’ve built and nourished for decades. Some entrepreneurs realize this early on, and plan ahead for that day. Ideally, we start preparing for our exit the day we open as start-ups. But most entrepreneurs, of course, get too caught […]
It’s Time! Tax Planning for 2025 and Beyond
Every year, the smartest entrepreneurs and other high earners visit their fractional CFO or other trusted advisor to plan a strategy to minimize their taxes. Consider it a campaign, a battle to keep as much of what you’ve earned as the tax code allows. This year, tax planning comes even more sharply into focus, pursuant […]
Our Latest RFG Whitepaper! 1031 Exchanges
As a way to defer capital gains taxation on investment real estate, 1031 Exchanges are great. You exchange a business or investment property you no longer want for one you do with a fair market value of equal or greater value, and capital gains taxes on the transaction are deferred, providing you follow the rules. But the rules […]
Five Traps That Limit Your Happiness
We all want happiness – for ourselves, for our loved ones, for those we work with. Almost everything we do is bent toward achieving happiness, or protecting the happiness we have. Interestingly, happiness has little to do with your situation in life. A study by the University of Illinois found that the top earners are […]
Divorcing? Avoid These Tax Traps!
It happens, though it’s sad every time. Two people love, marry, perhaps buy a home, have children, and then . . . it goes up in smoke, and divorce looms ahead. At Rigby Financial Group, we have supported a number of clients through divorce―it’s never an easy process, and no matter how mutually desired or […]
ESOPs: A Succession Plan with Tax Advantages!
Employee Stock Ownership Plans (ESOPs) have history dating all the way back to 1956―though they acquired the name under the 1974 Employee Retirement and Income Security Act (ERISA), making officially designated ESOPs effectively retirement plans―largely concentrated in such labor-driven industries as construction, trucking, food service, etc. More recently, they have gained a firm foothold among […]
Tiny Steps Add Up to Meaningful, Lasting Change
I suspect a lot of us know the feeling of wanting to make changes in our lives. Certainly I do! Sometimes we may want to renovate our habits from the studs. We make resolutions every new year to change ourselves into a better version and vision of who we are. But we can all too easily […]
Is an Annuity a Good Fit for Your Retirement Plans?
Annuities … they can be tempting when choosing among your retirement planning options. After all, who doesn’t want the security of knowing you will have a specific amount of guaranteed income during your retirement? However, this is an option we would only recommend in very specific cases and circumstances. In fact, very few of our […]