Financial Advisor Blog

Topics include sudden wealth, retirement planning, personal and business finance.

How To Save $1 Million For Retirement

How many of us will retire with $1 million or more in savings? More of us ought to – in fact, more of us may need to, given inflation and the rising cost of health care. Sadly, few pre-retirees have accumulated that much. A 2015 Government Accountability Office analysis found that the average American aged…

Business Planning: How To Keep Good Employees

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To retain key employees, make their jobs too good to leave. Arrange “golden handcuffs” agreements with key managers to reward loyalty and promote retention. A golden handcuffs strategy can make a management position so attractive that it would be financially irresponsible to walk away. The classic golden handcuffs arrangement is a “top hat” program –…

Business Transition Planning Using a Buy-Sell Agreement

Selling Business

Business owners are builders. They spend their lives building firms to provide goods and services to their clients, and those firms provide them with a living. But nothing can tear down that lifetime of work faster than the death of a business owner, or the death of a business partner. Often, much of the value…

Why You Should Consider A Defined Benefit (DB) Plan to Save Taxes

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Contrary to popular belief, classic pension plans have not disappeared. Corporations have mostly jettisoned them, but highly profitable small businesses are giving them a second look. Why are small business owners deciding to adopt old-school, employer-funded retirement plans? The tax breaks attached to a defined benefit plan may be substantial. In fact, if these plans…

What Are Your Money Beliefs?

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Our relationship with money is complex & emotional. When we pay a bill, go to the mall, trade in a car for a new one, hunt for a home or apartment, or pass someone seemingly poor or rich on the street, we feel things and harbor certain perceptions. Are our attitudes about money inherited? They…

Robert Featured in The New York Times

What’s the best way to manage sudden wealth? What steps should you take if you receive a windfall? Find the answers to these questions, as well as crucial advice from Robert Pagaliarini and other financial professionals in the latest “Ask Briana” Q&A column in The New York Times.

Why “Stretched Worriers” Feel Financially Trapped

The Certified Financial Planner Board of Standards, Inc. (CFP Board) has examined American spending patterns and created four overall categories. The study found that one group earns insufficient income to pay current bills or past debt, effectively preventing these individuals from saving for retirement. These individuals, aptly named “Stretched Worriers,” are the most concerned out…

Guide To Retirement Planning For Single Parents

How does a single parent plan for retirement? Diligently. Regularly. Rigorously. Here are some steps that may help, whether you are just beginning to do this or well on your way. Setting a household budget can be a wise first step. Most households live without budgets – and because of that financial inattention, some of…

How To Improve Your Finances Today

In life, there are times when simple decisions can have a profound impact. The same holds true when it comes to personal finance. Here are some simple choices you could make that may leave you better off financially – in the near term, the long term, or both. Use less credit. Every time you pay…

Are Women Outpacing Men Financially?

Financial Health

Picture the women of the world growing wealthier. It’s happening right now. Research from the Boston Consulting Group affirms this development. BCG, a leading business strategy advisor, says that as the world grew 5.2% wealthier between 2015 and 2016, women’s wealth grew 6.6%. In total, women own about $39.6 trillion in assets worldwide, and possess…