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Physicians: Why You Need a Financial Professional Who Understands Your Industry
As a physician, you've devoted a lot of time to educating yourself, building a career, and providing top notch care that enriches your patients lives, and in the midst of all that, it can be easy to overlook your finances.
Read More401(k) Options for Small Business Owners
A business owner can open several retirement savings plan types if they're the only employee or have anywhere from two to 100 employees. Contact your financial and tax professionals to determine which is appropriate for your small business.
Read MoreThe Importance of Business Credit and How to Build It
Credit is one of the most important factors of life that impacts all businesses. Taking steps to build business credit can offer your business opportunities that wouldn’t be available to otherwise.
Read MoreNavigating Credit Wisely as a HENRY
As a high earner not rich yet (HENRY), you find yourself in a place where strategic decisions may pave the way for lasting wealth. One crucial aspect of managing your finances includes understanding how to use your credit wisely.
Read MoreWhat Physicians Should Know About Choosing a Financial Professional
Physicians are among the highest-earning professionals out there. This specialized career comes with specific financial needs. Here are some factors to consider when selecting a financial professional that meets a physician's unique needs.
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SECURE Act 2.0: What Business Owners Need to Know for 2024
The Setting Every Community Up for Retirement Enhancement Act, had significant implications for business owners and employees regarding retirement savings and tax rules. Here are details of each provision to remain compliant with the Act.
Read More7 Things You Can Do to Trim Your Tax Bill
Tax season can be a stressful time for many, especially if you're not prepared. With some planning and preparation, you can take steps to mitigate your tax bill for the upcoming year. Here are 7 things you can do now to trim your tax bill.
Read MoreKick off the Big Game With These 7 Super Investing Lessons From the Super Bowl
As you prepare for the big game day, you may also want to think about how to create "big wins'' in your investment strategy. Get ready for Super Bowl Sunday by checking out these Super Bowl-inspired investment strategies.
Read MoreMedical Professionals - A Prescription for Your Financial Health
Medical Professions: Just as patients need periodic checkups, you may need to work with a financial professional to make sure your finances receive the proper care. Here's our prescription for your Financial Health.
Read MoreTips to Navigate Tax Filing Season and the IRS
It's never too early to begin planning for tax season. We know tax filing season can be a stressful time for many individuals, so here are a few tips to navigate tax filing season and the IRS.
Read MoreHigh-Net-Worth Retirement Planning: 6 Ideas to Help You Get Your Finances in Order
Do you consider yourself a high-net-worth individual (HNWI)? Check out these strategies and behaviors that are important not only for building and maintaining wealth but also for promoting financial well-being.
Read More6 Hacks to Make New Year’s Resolutions Stick
If you read our New Year's Financial Resolutions blog you may be wondering "How do I stick to my resolutions in the new year?" We've got you covered. Check out these 6 6 hacks to make New Year’s Resolutions stick.
Read MoreYour New Year’s (Financial) Resolutions
Cleaning up finances remains one of the top resolutions every New Year. But we all know what happens to most such self-promises, so here’s a month-by-month to-do list from our wealth advisors help cultivate better financial health.
Read More3 Tax Strategies to Consider at Year-End
With the year rapidly coming to a close, and the upcoming tax year looming with uncertainties, you should consider updating your tax strategy to best preserve your assets into the future. Check out these three tips from our wealth advisors.
Read MoreYear End Planning Considerations for Business Owners
The end of the year can be a chaotic time for business owners. Here are five tips from our wealth advisors that may assist with organizing a strategy for end-of-year planning.
Read More8 Tips to Stay on Track with Your Holiday Budgeting
It’s hard to believe we are already approaching the end of another year, and holiday season will soon be here. Here are eight tips from our wealth advisors to help you start the New Year holiday debt-free from holiday spending.
Read MoreTis the Season for Tax-Friendly Giving Strategies
You may donate money to charity throughout the year, for no other reason than your heart-felt desire to support causes that you care about. But if philanthropy is important to you, keep in mind the associated tax breaks.
Read More5 Tips for Shopping on Small Business Saturday
There’s no question that November and December are the biggest times of year for shopping. If you’re looking for ways to shop local—in person or online—in honor of Small Business Saturday, these tips are a great place to start.
Read MoreYear-end Tax Planning for High-Net-Worth Individuals
As the year’s end approaches, High-Net-Worth Individuals must prepare for one of the most critical monetary tasks: year-end tax planning. Here are some tips to help with planning.
Read MoreWhy Business Owners Need Financial Planning
Regardless of the income a business generates, the ages of the owners, or how many employees it has, a business financial plan can help plan for future and unexpected events.
Read MoreJoin us for a FREE Webinar/Seminar on December 5
Our team at Reichert Wealth is hosting a FREE seminar/webinar! Join us for SECURE 2.0: Navigating Secure 2.0 for Small Businesses.
Read More4 Diversity Tips for Small Business Owners
For businesses looking to grow and continue to thrive with the next generation, diversity is typically necessary. If improving diversity is a goal for your company, below are a few tips to help you get started.
Read More401(k) Rollovers Can Make or Break Retirement
In an era characterized by high job turnover, understanding the value of 401(k) rollovers is essential to preserving your financial future. Our financial advisors can help! But here are some highlights to get you started.
Read MoreHigh Net-Worth Individuals: Are You Missing Opportunities in Your Financial Planning?
Often, High Net-Worth executives and individuals have missed opportunities in their financial planning because they haven’t planned adequately for their retirement even though they make a high income. Learn more here.
Read More“The Blind Side” and the Role of Conservatorships
Former NFL player Michael Oher, the subject of the book and movie “The Blind Side,” recently filed a petition to end the conservatorship over him that he alleges he signed unknowingly when he was 18. Learn more about conservatorships here.
Read MoreFrom Chess Piece to Chess Player: How Chess Can Help You Work Toward Becoming a Grandmaster
In a single game of chess, there are approximately 400 possible moves after each move played. When investing, there is also a seemingly endless selection of choices and critical decisions. The basics of chess could potentially help you...
Read MoreHigh-Income Individuals Face New Medicare-Related Taxes
The health-care reform legislation enacted in 2010 included new Medicare-related taxes that first took effect in 2013. These new taxes target high-income individuals and families. Here are the basics: Additional Medicare payroll tax If...
Read MoreMoody’s Downgrades U.S. Banks: What Does This Mean for Investors?
Moody’s Investors Service cut the credit ratings of 10 U.S. regional, midsized banks by one notch and put six large banks under review for possible downgrades including U.S. Bancorp, Truist Financial, and Bank of New York Mellon....
Read MoreThe Stealth Move by the IRS & Kids’ Inheritance
One recent development that has stirred conversations among investors and advisors alike is the issuance of the IRS Revenue Ruling 2023-2.This ruling has presented a unique set of challenges and opportunities for estate planning,...
Read MoreWall Street Wisdom: Wise Words from Warren Buffett and Other Great Investors
You can learn a lot from those who have come before you. For individuals interested in investing, especially those new to it, learning and applying the wisdom from people that have found techniques that worked for them is a great...
Read MoreThe Complex Waters of Aging Parents’ Finances
As professionals, managing our own finances can be a challenge. However, one area that we often overlook, yet is vitally important, is understanding and navigating our aging parents' finances. As they move into retirement and beyond,...
Read MoreCongress Tells Treasury to Expect SECURE 2.0 Technical Fixes
In late May 2023, Congress sent a letter to U.S. Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel saying that it will introduce legislation to correct several technical errors in the SECURE 2.0 Act. The letter, signed...
Read MoreThe Challenges Facing Women Entrepreneurs
While the future seems brighter than ever for women entrepreneurs, a myriad of financial challenges continue to cast shadows over their journey. The increasing presence and contributions of women-owned businesses to the American...
Read MoreThe Blame Game: Did Corporate Earnings Feed Inflation?
The world is facing an unprecedented economic challenge as the inflation rate continues to rise. People are trying to understand why their wallets are feeling lighter, and they are looking for someone to blame.
Read MoreWhy Plan Sponsors Are Feeling More Responsible for Employee Financial Wellness
Bank of America's Workplace Benefits Report recently revealed that a whopping 19 in 20 surveyed employers felt responsible for their employees' financial wellness.1 But because financial wellness is such a holistic concept...
Read MoreUtilizing a 529 Plan as a Wealth Transfer Tool
529 plans are designed for saving for education and are beneficial since contributions accumulate and grow tax-free as long as withdrawals are used for qualified education expenses. But 529 plans may also be part of a wealth transfer...
Read More5 Ways Whole Life Insurance Provides Tax Advantages
Life insurance is essential in providing for beneficiaries upon your death, but it can also offer other tax advantages you may not know. For this reason, whole life insurance, also called cash value life insurance, is often used as a...
Read MoreSOCIAL SECURITY: MAXIMIZING BENEFITS
Most understand that waiting to claim Social Security benefits can result in higher monthly payments. However, many don’t know that there are other ways to maximize their benefits, some of which depend on their marital status....
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