You checked nearly all the boxes: you toiled, you worked, and you’re seeing the next chapter nearing as you prepare to hang your hard hat up for something a bit softer with a wider brim that perhaps Jimmy Buffet would approve of. But what about your firm? As an owner or partner, you want to…
Read MoreTopic: Retirement & financial planning
Closing a Retirement Income Gap
When you determine how much income you’ll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your income won’t be enough to meet your needs. If you find yourself in…
Read MoreFour ways life insurance protects the people you love
You might be surprised how The AIA Trust life insurance coverage from New York Life Insurance Company can provide for you and your family.
Read MoreMaximize your savings through retirement planning
For architects, establishing a retirement plan for yourself and possibly for your firm, as well, is one of the most important actions you can take. If you have already done so, you are on the road to building a more secure retirement for yourself and your employees.
Read MoreWhy Should Architectural Firms Consider Selling to an ESOP?
By: Steven Greenapple, SES ESOP Strategies, a Stevens & Lee Company When contemplating a sale of their business, the owners of a Company have several alternatives to consider. They can (1) sell to a financial investor (private equity or family office); (2) sell to a strategic investor (another business who wants to expand into the…
Read MoreSaving for Retirement and a Child’s Education at the Same Time
You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same time can be a challenge. But take heart–you may be able to reach both goals…
Read MoreHow do you plan to retire?
As an architect, you know that starting with a comprehensive plan and building a good foundation is essential for success. You would never begin a project without a blueprint and process in place – but that’s exactly what many architects do when it comes to retirement planning. Many architects don’t know where to begin their…
Read MoreESOPs Fable: an overview of what an ESOP is and what should be considered
The Fable A sheepdog getting to the end of her prime working years, was told by the farmer that her final task was to select an appropriate replacement. So, early the next morning, she began her search of the farm for a suitable heir to her position.
Read MoreNever Too Soon to Start
If you’re relatively new to practice, you may think that you can deal with retirement planning much later. But it takes years to accumulate the savings you’ll need for an ideal retirement. It’s well worth spending time now to strategize how you’ll get from here to there – even if retirement is many years in…
Read MorePlanning for the New Year? Here are 6 key things to help get your financial and life plans on track
In 2023, we will continue to face challenges like higher inflation, higher interest rates and potential recession. While there’s not much we can do to influence the global macroeconomic and geopolitical picture, there are plenty of ways to ensure our own finances are robust enough to deal with whatever the next 12 months throws at…
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