Author - Payne Wealth Partners

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Why Financial Advisers Aren’t Telling Rich People about Social Security
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Seeing the Big Picture with Your Business Succession Planning
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Financial Planners, Investment Advisers, Brokers? Who can help me?
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How do I Make a Business Exit Plan?
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Trader vs. Investor Copy

Why Financial Advisers Aren’t Telling Rich People about Social Security

Recent research from the Spectrem Group found that a majority of rich people (people with a net worth of $1,000,000-$5,000,000) will rely on Social Security benefits for at least 25% of their income in retirement. Unfortunately, the same study found that only about 1/3 of these individuals talked about Social Security with their financial adviser. That is an alarming statistic considering the impact Social Security income has for retirees. So why aren’t more advisers helping their clients with Social Security benefits? Commissioned Advisers Lack Incentive to Talk about Social Security It seems that the most common answer may be because… Read More

Seeing the Big Picture with Your Business Succession Planning

The success of transitioning away from a business depends greatly upon the mental perspective and preparation of an owner during the planning process.  Business owners tend to fixate their thoughts only on running and growing their business. There is a tremendous value in seeing the ‘big picture’ of your exit and thinking about where you would like the company and yourself as former owner to be. The owner who sees the big picture will be more likely to execute a successful business transition. Stepping out of a business is an opportunity to move both the owner and the company into …

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Financial Planners, Investment Advisers, Brokers? Who can help me?

Financial planner. Broker. Investment adviser. Do you know what each of these financial professionals does? Do you know how they are compensated for their services? Are they fee-based? Fee-only? Commission-based? Does it make a difference?

Financial advising is a field populated by many different types of services and means of compensation, and understanding these differences can help you to choose the right type of financial professional to help you meet your financial life goals.

Sorting out the players
  • Investment Advisers

These are professionals who give advice on investments, including stocks, bonds, and mutual funds, and oversee these investments on your …

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How do I Make a Business Exit Plan?

What will we talk about at our Business Exit Event?

One of the things that we’re looking forward to talking to business owners about at our Eat Toast or be Toast event on May 5th is how do you make an exit plan as a business owner.

There are a couple of key components we always recommend as part of forming a Business Exit Plan.

1. A Proven Process

First, you must have a proven process that will define the steps that will lead you through the creation of an appropriate exit plan. Too many times we see exit …

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Trader vs. Investor Copy

When markets are volatile, people tend to listen more to the various media. CNBC for example, has content on TV and the internet virtually 24/7. But is that content directed towards your goals, or is it more about those who trade constantly? Go to the CNBC.com website and look at the shows to understand their perspective-note daily show names like “Fast Money”, and “Halftime Report” and when reading the descriptions of these shows notice how many times the words “trader” or “trading” are used.

While CNBC and other similar content is interesting and sometimes entertaining, it really is not pointed …

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