Small Businesses Need Retirement Plans Too- Retirement Planning for Your Small Business

/ Castle Wealth Advsiors, LLC/
Small Businesses Need Retirement Plans Too- Retirement Planning for Your Small Business

Providing a retirement plan for your business can be beneficial to both you as an owner and your employees.  With the move away from pension plans many individuals will be relying more heavily on their own savings to provide income during retirement.  One of the best tools we have to create retirement savings is a plan through their employer. 

If you are considering creating a retirement plan for your small business you have several options.  Below will be a discussion about a few of those options.  This is not an exhaustive list and there may be some plan types that will benefit you more than another.  Prior to implementing a plan you should consult with a seasoned professional (financial advisor and tax advisor) who can help you select the plan that will best fit your small business.  The contribution limits and tax deductions can vary from plan to plan and year to year. So, it is advised to work with a trusted advisor.

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Investing for Small Business Owners:  3 Tips to a Better Portfolio

/ Castle Wealth Advisros, LLC/
Investing for Small Business Owners:  3 Tips to a Better Portfolio

For many small business owners, their business is their biggest asset as well as the largest producer of their family’s income. Business owners are entrepreneurs and are generally more comfortable taking on risks. For these reasons, small business owners face unique challenges when considering and selecting investments for their portfolios, and it’s important to keep in mind some basic investment principals. Not doing so can cause business owners to take on too much risk unnecessarily and can endanger their business and their income.

Here are three tips that small business owners should use to guide their investing decisions:

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Estate Planning for Children Over The Age of 18??  The Answer May Surprise You.

/ Castle Wealth Advisors, LLC/
Estate Planning for Children Over The Age of 18??  The Answer May Surprise You.

Do you were children need estate planning documents?   If your child is 18 or older, they are technically in adult.  Which means you no longer have the legal right to make medical decisions for them, access their medical records, or handle their financial matters.  Consider the implications not having the ability to make medical decisions for your child in the case of emergency or if your child becomes incapacitated.  

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Setting Realistic Goals for Your Finances

/ Castle Wealth Advisors, LLC/
Setting Realistic Goals for Your Finances

We have that really annoying friend or co-worker who always seems to set goals and then crush them!  They seem to have a motivational quote for every situation and conversation.  You know who they are; this is not to say that they may not be great people.  However, they seem to shine a light on the goals you made that you are not quit achieving. 

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