by Leif Jensen | Sep 21, 2022 | Estate Planning, Investing |
Reverse mortgages, you have seen the cheesy commercials where they get an old actor who hasn’t seen a payday on a decade or so, pitch the wonderful benefits to those who had not been lucky enough to plan for their retirement better. A reverse mortgage is a loan. A...
by Leif Jensen | Sep 20, 2022 | Estate Planning, Investing, Money Management |
As a financial professional I am amazed by how many people refuse to have an adult conversation about their financial position or estate planning. My wife has told me repeatedly that she is uncomfortable with the topic and her family never talked about such things. ...
by Leif Jensen | Sep 19, 2022 | Estate Planning, Investing |
You are retired or about to retire and you have all of these different accounts. Some are qualified and some are unqualified, and your eyes roll to the back of your head when you think about untangling all of these accounts. One thing you may not have initially...
by Leif Jensen | Sep 15, 2022 | Running a Business |
I recently engaged in an online exchange with leaders across the country on the topic of leadership and the value of reading. Some claim that reading is passe, that today’s world of blogs, documentaries, TED Talks, and other online resources provide just as much...
by Leif Jensen | Sep 14, 2022 | Estate Planning, Investing |
Do you have a significant net worth? Are you planning on leaving a significant net worth? Do you have plans in place to maintain that net worth for future generations? If at the moment you don’t have a significant net worth and want to leave one behind, I suggest...
by Leif Jensen | Sep 13, 2022 | Running a Business |
Is a college degree worth the ever-rising cost to get one? This was a topic covered often by Professor Doom on his blog. Unfortunately, he recently passed away from cancer, so there will be no further data from the Professor. According to some recent stats for most...
by Leif Jensen | Sep 12, 2022 | Running a Business |
I was asked a question about a minority owner who was a FTE of a small company that was getting a 1099-NEC and not a W-2. I was taken aback, since if they are one of the actual employees of the firm working day in and day out as a employee and not an independent...
by Leif Jensen | Sep 8, 2022 | Running a Business |
Building an ethical culture requires establishing “the North Star” to which everyone within a company can align their attitudes and behaviors with a well-defined organizational purpose. Achieving this objective appears to be a daunting task in the post-COVID world...
by Leif Jensen | Sep 7, 2022 | Running a Business |
Are you a C-Corp, S-Corp or an LLC? If you are a C or S-Corp, you have corporate responsibilities that need to be addressed at least annually. You need to have an annual meeting where directors are elected: President, Vice-President, Secretary and Treasurer. If you...
by Leif Jensen | Sep 6, 2022 | Uncategorized |
Businesses and people tend to have professional relationships that should be maintained and cultivated. Working closely with all five and address most issues well before those become problems. These relationships are: Banker Insurance agent Financial Advisor Attorney...
by Leif Jensen | Sep 2, 2022 | Running a Business |
The complexity of external factors, particularly the effects of globalization, technology, demographic shifts, and changing demands, distracts organizational leaders from core elements of business success, the most important of which are the people one leads,...
by Leif Jensen | Aug 31, 2022 | General |
It is said that taxes are the anchor, but not the value of a CPA relationship. I have to agree with that statement. We look at our client relationship as their most trusted advisor, so we treat clients to a high standard. Not all clients want a “most trusted...
by Leif Jensen | Aug 30, 2022 | Taxes |
We started working with a new client and we were working through the company credit card charges. A number of the items looked to be personal items. So, we contacted the client, and it was his stance that everything is deductible, and the chance of an audit is slim....
by Leif Jensen | Aug 29, 2022 | Running a Business |
Are you the leader of your business? Are you the only leadership the business has? Are you an effective leader? Leadership is the accomplishment of a goal through the direction of human assistants. Does that describer what happens under your leadership? Or are...
by Leif Jensen | Aug 25, 2022 | Running a Business |
Every organization has many facets that make it unique as well as challenging. This article series is directed at topics that can help you run your business more effectively. To that end, we have been building a foundation of knowledge from which you can build a...
by Leif Jensen | Aug 24, 2022 | Estate Planning, Investing |
Are you a manufacturer? Are you absolutely certain? In my mind I don’t care if you make widgets, silk screen t-shirts, or prepare sandwiches; if you do any of these things or something similar, you are a manufacturer and you need to run your business off of an...
by Leif Jensen | Aug 23, 2022 | Running a Business |
I recently met with a client that showed me the postcard he received from a business broker. He had already contacted and met with them about selling his business. The amusing thing about this is that I was given some data to start their tax return (yes, they are...
by Leif Jensen | Aug 22, 2022 | Estate Planning, Investing |
As I was digging into the generational wealth issue, I came across a research paper: Inheritances and the Distribution of Wealth Or Whatever Happened to the Great Inheritance Boom? Details in the paper estimated that of the total wealth of the population, only 35...
by Leif Jensen | Aug 18, 2022 | Running a Business |
From the last few articles on building your company’s DNA, you should have a sense that building the right culture for future success revolves around re-designing the ways in which team members interact with others within the company to deliver positive, effective...
by Leif Jensen | Aug 17, 2022 | Estate Planning, Investing |
“Three generations from shirtsleeves to shirtsleeves,” Andrew Carnegie commented on the tendency of families to squander their wealth in a relatively short span of time. There’s a message in that for business owners. Do you own a business? Do you...
