Blog

What’s on our mind? You can read about it in our blog. Whether it’s a reminder, educational article or something we found thought provoking, we hope you enjoy what we post.  We’re glad to have you reading along.

Tuesday, November 16, 2021

Many families have hired a nanny or tutor to help care for children while parents work and to help their kids keep learning after school or if/when schools are closed. Yes, you have to pay a nanny W2 wages, Learn more about nanny payroll.

Saturday, October 2, 2021

Grown kids living at home and “sponging” off their parents (receiving financial help) is often the subject of sitcom humor, but in the right circumstances it can actually be helpful. This post is to help parents know what...

Thursday, May 20, 2021

A common question I hear is “when can I stop working?” Not that the client necessarily wants to stop working, they just want to know that they can stop. That would be my definition of financial independence; knowing that...

Thursday, May 20, 2021

Buying a dental practice can be a lot to take on; the new practice owner suddenly has the responsibilities of running the practice stacked on top of doing great dentistry. The financial realities quickly become an important priority in...

Thursday, May 20, 2021

With the increase of the Standard Deduction, many clients found that they weren’t itemizing anymore, and discovered they were missing out on the tax benefits of making charitable contributions. Charitable Stacking is a way to fix...

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Thursday, May 20, 2021

This year has sparked a lot of conversation about insurance. COVID brought the prospect of death to the forefront for some, and many had a temporary loss of income which gave them a glimpse of what life might look like without a...

Thursday, May 20, 2021

Making IRA contributions is more complicated than it used to be; there are traditional, non-deductible and Roth IRAs, and each has different income thresholds for eligibility along with rules about whether you or your spouse have...

Thursday, May 20, 2021

There are many types of trusts, and just as many ways to use them. Most commonly, they are used to control (or allow for someone to control) assets after a person dies. They can also be used to shelter money from estate taxes, avoid...

Thursday, May 20, 2021

Ask just about anyone about their financial planning and what they would have done differently, and they’ll answer “I wish I would have started saving sooner”. As parents we’re in a position of being able to...

Thursday, May 20, 2021

There are a number of dates to be aware of on the way to retirement. Deadlines are triggered by various ages, from age 50, when you can start making catch-up contributions to retirement plans, through age 72 when Required Minimum...

Thursday, May 20, 2021

Most dentists we work with took advantage of the first round of Paycheck Protection Program (PPP) loans and HHS funding, and many are now looking at PPP Part 2 and Employee Retention Tax Credits to help make up for lost revenue and...

Thursday, May 20, 2021

Health Savings Accounts (HSA) have gained popularity as a way to compensate for higher deductibles and out-of-pocket expenses related to Medical Insurance. Think of an HSA as a medical savings account. Your contributions are tax...

Thursday, May 20, 2021

It’s officially spring here, we already had the first tornado of the season. Just some minor damage on the outskirts of town, but it makes a person think about getting important papers organized and grab-able in an emergency....

Thursday, May 20, 2021

We’ve been having a lot of conversations about Charitable Remainder Trusts lately, spurred on by concerns about decreasing estate tax limits and changes in IRA beneficiary pay-outs. Charitable Remainder Trusts let you get a...