Are We Too “Busy” To Be Our Most Productive?
I recently read a Harvard Business School publication on “The Busyness Trap.” And it triggered so many thoughts for me – I’ve written on this subject before. It’s so tempting to be “busy.” “Busy” signals that we’re working hard. But are those “busy” signals a genuine reflection of our work’s reality? And, even if they […]
Preview of Upcoming Email Series
In the coming weeks, we will be taking a deep dive into the process of selling a closely-held business. We have a number of potential topics to consider, including: When Should I Plan to Sell My Business? The Time to Plan is Always Now How to Determine the Value of Your Closely-Held Business Valuation Multiples […]
Leverage the 2023 Estate and Gift Tax Exemptions – While They Last!
The Tax Cuts and Jobs Act of 2017 (TCJA) made a massive increase to the estate and gift tax exemption – roughly doubling it, in fact, from $5.49 million in 2017 to $11.18 million in 2018, rising for inflation to 2023’s $12.92 million exemption per person. But this provision of the TCJA is one of […]
SECURE 2.0 Enacted – Key Highlights
When we last wrote about the significant changes to retirement plans made by the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), SECURE 2.0 had already passed in the House of Representatives. SECURE 2.0 was enacted on December 29, 2022, as part of the Consolidated Appropriations Act of 2023. There are […]
Emerging Business Opportunity: Peer-to-Peer Loans
Peer-to-peer loans (P2P loans), also known as marketplace or ‘fintech’ lending, began in the current online form in 2005, but it’s really just a more modern take on how communities supported their members in the pre-banking days, when individuals or groups of individuals would lend needed money to people they knew personally, subject to repayment […]
Yes, You Really Can Schedule Creativity!
Now that we’ve officially embarked on 2023, I’ve been taking stock of the challenges – the distractions – that repeat like clockwork every year, every day, when I try to work at my deepest, most focused level. You know most of them, I expect – the phone call from one client when we’re deep into […]
Happy New Year! It’s Time for Our Resolutions for 2023!
As we approach 2023, and celebrate in tandem its advent and 2022’s passing, I find myself thinking about the best resolutions for me to adopt for this New Year. I’m leaning toward a “carpe diem” approach – seize the day! After all, none of us is ever promised so much as one tomorrow – a […]
Happy Holidays from Rigby Financial Group!
Retirement Plan Contribution Limits for 2023
One benefit of inflation is the IRS’ increased retirement plan contribution limits, which have risen for 2023 along with the consumer price index (CPI). The 2023 contribution limits are: IRAs – Traditional and Roth: the 2023 annual contribution limits rise to $6,500 from $6,000 for those under 50, while those age 50+ can contribute an […]
Act Now to Take Advantage of 2022 Tax Breaks!
It’s time to take steps on your year-end tax planning, to minimize your 2022 income tax liabilities. This is especially important this year, with the stock market down ~18% year-to-date and inflation tracking at over 8%. Most of these tax-reducing strategies must be implemented before January 1, 2023, so please call us to review your […]