Fee-Only Investment Advisory and Financial Planning Firm Serving Greater Richmond, Virginia
On occasion, you will find a black Labrador Retriever named Dante in residence at our office. Dante is a general service dog who was trained by Service Dogs of Virginia (https://www.servicedogsva.org/) and was placed with one of John Hopkins’ sons to assist with a physical disability. Part of the adoption agreement with Service Dogs…
Are we so desperate to shop that we are willing to forego enjoying the one non-commercial holiday left? This article talks about how Black Friday is more and more becoming Black Thanksgiving. Nathan Dungan – Share, Save, Spend Blog
The financial crisis of 2008 has left deep scars on investors everywhere, leaving many perpetually nervous. Instead of focusing on the danger of changing stock prices, perhaps a shift in thinking would be beneficial. Other investors are seen as a threat to our wealth, but in reality, markets reflect the thoughts and analysis of millions…
I often walk my three All-American breed dogs through the woods behind my parent’s house. There, they can run free, chase squirrels and splash through the creek. It is their chance to be dogs the way dogs were created to be, even if it is only for a little while. While they are having fun,…
It can often be a lot of trouble to move assets out of an old employer 401(k) Plan to an IRA, especially if the 401(k) is hosted by an insurance company. The paperwork can be a real pain, and when your life is already stuffed to the gills with responsibilities, 401(k) paperwork does not sound…
According to Paul Simon, there are 50 ways to leave a lover. Not being as creative as Mr. Simon, we’ve only come up with eight ways for owners to leave their companies. •Transfer the company to a family member; •Sell the business to one or more key employees; •Sell to key employees using an Employee…
Nora Chapman’s story was typical of most business owners. At age 54, she was ready to leave her 25-employee advertising business. She was thinking of selling to one or two of her key employees and when we met her, her first question to us was: “Is this the right exit choice?” Many of you find…
“To will is to select a goal, determine a course of action that will bring one to that goal, and then hold to that action till the goal is reached. The key is action.” — Michael Hanson If the thought, “Why exit plan when I can’t sell my business now or anytime soon?” has crossed…
“In preparing for battle, I have always found that plans are useless but planning is indispensable.” Dwight D. Eisenhower (As quoted in Six Crises by Nixon, Richard (1962). “Krushchev. ” Doubleday.) General Eisenhower’s point was that the process of creating a plan provides value because it forces the planner to consider (and make provision for)…
Let’s look at the first Universal Objective in small business succession planning: What is your Target Departure Date? Setting the departure date is crucial to creating an exit plan, yet it is very likely that date may be adjusted once or even several times before you actually exit your business. Sometimes this adjustment is caused…
I am starting a new series of blogs on Small Business Succession or Exit Planning to begin to better communicate the components of a successful plan. A properly planned business exit could make the difference between a comfortable retirement, or one where you just scrape by, worrying about money and the effects of inflation. The…
In my last blog, I focused on David G. Booth, one of the founding partners of Dimensional Funds. Today I will focus on his partner, Mr. Rex Andrew Sinquefield, and his early years. When I started writing these blogs, it seemed to me from my preliminary research that so much of whom DFA is and what…
