Eric and Meghan Rigby’s European Vacation
Eric Rigby spent last week and the two bracketing weekends on a special holiday in Europe with his daughter, Meghan. Meghan, not born yet when Eric started what is now Rigby Financial Group, has grown up into a lovely, accomplished young lady with bachelor’s degrees in both Mathematics and Economics(!), and lives in Atlanta, Georgia. […]
Compensation Irregularities in Family-Owned Businesses – Why They Matter, and How to Avoid Them
According to the U.S. Census Bureau, family-owned companies make up almost 90% of U.S. businesses and represent between 54% and 57% of U.S. employment – they are the backbone of our nation’s economy. People tend to trust family companies more than other similar businesses – and there are few greater advantages to any business than […]
Considering a Roth Conversion? Timing Matters!
The timing of the conversion of retirement assets to a Roth IRA can make a big difference to your taxes – and to your financial life. Roth IRAs and Conversions – Background As many, perhaps most of you, may already know: Contributions to Roth IRAs, whether regularly scheduled or made via conversion, are made with […]
Independence Day 2024
This week, the United States of America – and we, its people – will celebrate the nation’s 248th birthday in a world at war. Ukraine, Israel, all the nations joining in on either side, as well as other conflicts. We know so much and at the same time so little about what’s really going on […]
The Balancing Act – Estate Planning for Your Heirs
When we set out to plan our estates, most of us want to leave our children equal inheritances. Easy, right? Just divvy up each of your assets in equal shares! But, is “equal” always “equitable?” In other words, does leaving equal portions of each asset ensure equal post-tax inheritances for your children? In some cases, […]
Bill Walton / The Grateful Dead – Two Passions, One Spirit
Bill Walton, NBA superstar and sportscaster, passed away on May 27, 2024, leaving many who remember his dedication, stellar play, and commitment to teamwork much saddened. First NBA draft pick in 1974 after leading the UCLA Bruins to two NCAA championships, Walton went on to play center, first for the Portland Trail Blazers (1974-1979), where […]
It Takes An Entrepreneur to Know One – But it Took Me a While to Realize . . . I Am One
When I started my accounting career, I had a serious desire to help others. I went to work for one of the Big 4 national accounting firms with offices in New Orleans. I footed general ledgers, prepared tax returns, and performed other seemingly menial tasks for somewhere between 14 and 16 hours a day. I […]
Avoid These 5 Common Mistakes When Planning For Retirement!
We all make mistakes – that’s part of the awful and wonderful journey of being human – and retirement planning is one area where we can stumble. Below are the 5 most common mistakes we see when it comes to retirement planning. Asset Allocation When was the last time you sat down with your virtual […]
IRS Waives Penalties for Some Missed RMDs on Inherited IRAs
We’ve written a good deal about changes to the rules governing required minimum distributions (RMDs) for inherited IRAs consequent to the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), signed into law in December of 2019 and effective January 1, 2020, and the SECURE 2.0 Act, enacted in December of 2022 and effective […]
Attention, Real Estate Investors! Do You Know How Cost Segregation Can Help You Save on Your Taxes?
Most real estate investors know that depreciating real estate is a long-term process – for residential real estate, the property depreciates over a period of 27.5 years for residential property. For commercial property, the depreciation period is a whopping 39 years. But there are ways in which a savvy real estate investor can, with sound […]