by LgucliPNcj | Aug 29, 2021 | Corporate Minutes
The Need for Corporate Minutes By Robert R. Wolf August 29, 2021 What are Corporate Minutes? Corporate Minutes are a way of describing the notes and documentation needed to be taken from meetings that occur with corporate officers, advisors, and anyone enlisted to...
by LgucliPNcj | Apr 11, 2021 | Economic Outlook
Executive Summary Over the course of the holidays and following weeks, we have spent a great deal of time reading forecasts for 2021 from leading economists, financial research institutions, and other experts. Coming off one of the most challenging economic years in...
by bobwolf | May 18, 2020 | Debt, Distribution, Expenses, Financial Planning
Here are six things you need to know if you or a family member has been furloughed—or laid off—from their job A furlough is an unpaid leave of absence. You don’t report to work, you don’t get paid, and you may lose some of your benefits. Getting fired or laid off is...
by RWolf | Apr 16, 2020 | News
The Cares Act The $2 trillion coronavirus economic stimulus bill is the single largest relief legislation in U.S. history, aimed at providing help for individuals and businesses affected by the outbreak. It was signed into law on March 27, 2020. The CARES Act is also...
by RWolf | Mar 19, 2020 | Accumulation, Asset Coaching
Stock Market Volatility Obviously, many of our clients are worried about the news, the headlines about coronavirus, and the drops in the stock market happening at the time of this writing. As you know, our firm focuses a lot of attention on protecting your savings as...
by RWolf | Feb 21, 2020 | IRS, News, Taxes
RMD Last month, we posted information about how the SECURE Act has increased the age for required minimum distributions (RMDs) from 70-1/2 to 72 starting this year, 2020. If you turned age 70-1/2 in 2019, your RMDs were required for the 2019 tax year, and WILL BE...
by RWolf | Jan 25, 2020 | Debt, Financial Planning, Personal CFO
In today’s article, I felt it time to write about something near and dear to me, understanding what a personal CFO is and why each family, who is serious about changing their financial future needs one. First, what is a CFO and what do they do? CFO is an acronym for...
by RWolf | Jan 22, 2020 | IRS, News, Retirement, Taxes
Long-established retirement account rules change. The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in recent years. While the new rules don’t appear to amount to a...
by RWolf | Jan 15, 2020 | Asset Coaching, Debt
Having talked to thousands of people about money matters and finance, I have found that most people lack financial confidence. One may ask, why this is? The simple answer is with a question, “Where, or even when, did you learn about money or finances?” Most answer...
by RWolf | Jul 1, 2019 | Accumulation, Assets, Distribution, Taxes
There are three assets we want our clients to have: A business Cash Value Life Insurance Real Estate Why you ask??? Because these are what the IRS says are the most tax efficient. If you only have one of these then we can help you get the other two. But if you don’t...
by RWolf | Jun 17, 2019 | Books, Cash Flow, Income, Taxes
I find it unnerving how complicated the financial services industry as a whole try to make things out to be. Granted I understand each person has gifts or likes about things. I hear all the time, from my wife as well, “I don’t understand… fill in the blanks of some...
by RWolf | Jun 10, 2019 | Assets
Where do we start? At the beginning. What is an Asset? So if you Google this question see below the results According to Investopedia, you can see that an asset is anything of value or a resource of value that can be converted into cash. Individuals, companies, and...
by RWolf | Jun 3, 2019 | Bookkeeping, Cash Flow, Taxes
TERRA FIRMA FINANCIAL MANAGEMENT I want to share what I have been thinking about for some time now. As a business owner you have a bookkeeper (accountant) to manage the cash in and out of your business. Financial management is so key in a business striving for...
by RWolf | May 27, 2019 | IRS, Tax Brackets, Taxes
I find it funny how there are so many times that we do things but really don’t understand why we are doing them. Let me share an experience I had to help guide what I’m talking about. I did a dinner workshop for small business owners talking about finances and how to...
by RWolf | May 20, 2019 | Expenses, Savings, Tax Brackets
Today I’d like to address an area of planning that I think is extremely important, expenses based planning. As a business owner, the understanding of not only what expenses I have but what kind of expenses I have is important. Before I continue, I would like you to...
