Cliff O'Conner

Cash Balance Plan

Traditional Cash Balance Plans Pros and Cons

Are you seeking financial stability and retirement peace of mind? You might have encountered various retirement plan options, including the traditional cash balance plan. However, like any financial decision, there are benefits and drawbacks that you must carefully consider. If you’re a business owner you may be wondering whether a traditional cash balance plan is […]

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Business people looking at charts, representing Investing in private debt.

Investing in Private Debt

For some investors, traditional asset categories of stocks, bonds, and cash equivalents aren’t enough to ensure a well-diversified portfolio. These individuals may want to consider turning to alternative assets in the private market space. These are investments that don’t fall into one of the three traditional asset categories. Some of the most common alternative assets […]

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Sheet of paper with "Private Placement Memorandum" printed across the top, representing an investment in private equity

Pros and Cons of Private Equity Investing

For some investors, the traditional asset categories of stocks, bonds, and cash equivalents aren’t enough to ensure a well-diversified portfolio. When this occurs, individuals may want to consider turning to alternative assets in the private market space. These are investments that don’t fall into one of the three traditional asset categories. Some of the most […]

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Exit Planning for Business Owners represented by business man looking at a maze

Exit Strategy For Small Business Owners

The beginning of a small business is exciting. It’s easy to get caught up in the thrill of improving, growing, and expanding your company into the future. However, along the way, little to no thought may be given to what happens after selling your business. In the following guide, you’ll be taken through exit planning […]

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Craftswoman with tablet computer ; representing a small business owner with a Solo 401k

Self-Employed (Solo) 401(k): A Retirement Plan Option for Solo Entrepreneurs

Solo 401(k)s are specially designed for small businesses with no employees, including solo entrepreneurs and the self-employed. Here’s everything you need to know to determine if a Solo 401(k) is the right retirement plan for you and your business. Since they were first introduced in the early 1980s, 401(k) plans have become the most popular […]

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Family Business Exit Planning: A Step-By-Step Walkthrough

Family businesses are a source of pride and a testament to hard work. Yet, even the most successful businesses are destined to face a transition. The question is, how do you ensure a smooth transition that both honors the legacy you’ve built and secures your family’s future?  This guide is here to help. Below, you […]

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Glasses on a desk, on top of a spreadsheet, representing Common 401k questions

How Do Self-Employed 401(k) Contributions Affect Take-Home Pay? And Other 401(k) Questions

When discussing Self-Employed 401(k) plans with our clients, we often are asked how the contributions to this type of retirement savings plan will affect take-home pay. Read on for the answer to this question, as well as other commonly asked questions related to retirement plans.

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young business people sitting at a conference table; representing small business using SIMPLE IRA

Savings Incentive Match Plan for Employees (SIMPLE IRA) – 2023

Lots of small business owners want to help their employees save for a financially secure retirement by offering them a retirement plan. However, the cost and complexity of most plans, including the popular 401(k) plan, dissuade many from doing so. This is one reason why more than 40% of full-time employees in the United States […]

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Picture of a black SEP-IRA booklet on a desktop

Simple Employee Pension (SEP) IRA – 2023

If you’re a small business owner or self-employed individual looking for a way to prepare for retirement, it’s worth exploring the Simplified Employee Pension-Individual Retirement Account (SEP-IRA).   What is a SEP-IRA? With its easy setup, high contribution limits, and tax advantages, SEP-IRAs offer an attractive retirement planning option for self-employed individuals who want to help […]

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Bunching Charitable Donations: A Tax-Efficient Way to Give

In the realm of savvy financial tactics, “bunching” charitable donations stands out as a particularly smart move. This strategy offers an opportunity to donate multiple years’ worth of charitable gifts in a single year, amplify your impact on the causes you care about, and save big substantially on your next tax bill. Below, you’ll learn […]

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Download our 2023 Financial Planning Guide