75 years ago today. December 7, 1941. “A date which will live in infamy…”
This was the defining moment of “The Greatest Generation”. A day never to be forgotten. It unified and mobilized our nation as never before.
When the movie Pearl Harbor came out in 2001, I took my Dad to see it. There is a scene in the film that shows crew members trapped below decks. You [. . .]
A recent survey of businesses with 401(k) and other qualified plans found that nearly one-third (31%) of respondents have been audited by the IRS or DOL in the past 2 years (1). Audits are a fact of life for qualified plans. However, there is no reason why a plan audit should be more than an occasional inconvenience.
Complying with the regulations for qualified plans is primarily [. . .]
This is the time of year that shoppers look for big holiday discounts. It always feels good to get 25-50% off.
You can also obtain deep discounts as a family business owner. Estate and gifts taxes can create significant transfer taxes when you pass your business to the family. There are tax saving opportunities available if you plan ahead. The two primary discounts are for lack of marketabili [. . .]
We hope you enjoy this most uncommercial of holidays. A time to share food with family and friends. A time to count our blessings. High among these is the freedom to enjoy our “life, liberty and pursuit of happiness” as a citizen of this great country.
Happy Thanksgiving to you and yours! [. . .]
Donald Trump has completed his landmark quest and will become the nation’s 45th President after a contentious and often divisive campaign. In addition, the Republican Party has retained control of both houses of Congress. This outcome marks a significant reversal from just a few weeks ago when a Hillary Clinton presidency was highly probable and even a Democratic party sweep of Congress wa [. . .]
Family business is risky business. The majority of family businesses last 15 years or less. 70% fail to survive the second generation and 85% do not make it through the third1. Why? Dysfunctional family dynamics is one contributing factor.
The problems with family dynamics include:
- Family rivalries[. . .]
Successful family businesses are built on a solid foundation of values. Often these are unwritten and unspoken, but clearly understood by anyone working there. The vast majority of the values embodied in these organizations come from the values of the founder. Values like fairness, integrity, perseverance, creativity, passion, innovation, accountability, etc. Once these values are imbued [. . .]
Rachel Owens and William Sornstein are Registered Representatives with and Securities and Financial Planning offered through LPL Financial, a Registered Investment Advisor, member FINRA / SIPC. The LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: California, Arizona, Iowa, Nevada and Texas.
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