Compound’s Post

From inception to exit, this is what you need to know about integrating your business and personal finances: Week 1 → Jesse Porter, CFP® shared ideas to help you choose the right business entity. Week 2 → Kristin Carter, CPA talked strategies to reduce your taxes as a business owner. Week 3 → Shannon Lynch, CFP® covered how to pick the right retirement plan for your business. This week → Kyle Rudduck, CFA, CFP® is discussing how to plan for a sale of your business. The Manual is your resource for all this and more: https://lnkd.in/eb5esbNh

What financial goals do you want to achieve before year-end? Let’s talk about moves you can make this fall to help set yourself up for success. Feel free to reach out and be sure to visit our website for additional resources: https://lnkd.in/gKcbqxvC #finance #wealthmanagement #morganstanley

Managing your finances is complicated enough without having to keep up with investment accounts at multiple institutions. Here are the many benefits of consolidating your investment accounts with a financial advisor. https://lnkd.in/e8K_RXae

Managing your finances is complicated enough without having to keep up with investment accounts at multiple institutions. Here are the many benefits of consolidating your investment accounts with a financial advisor. https://lnkd.in/d7pQy_9a

Managing your finances is complicated enough without having to keep up with investment accounts at multiple institutions. Here are the many benefits of consolidating your investment accounts with a financial advisor. https://lnkd.in/eJPy_K3m

Many business owners have built up earnings in their corporation and are looking for tax efficient ways to pull the earnings out to achieve their personal and business financial goals. We outline the factors to consider when investing as a corporation. #financialplanning #businessowners

Financial planning for your post-exit assets At a glance * Before you sell your business, you’ll need a detailed, tax-efficient plan for what to do with the proceeds. * Early engagement with a financial adviser is vital. We can help you solidify your post-exit goals and use cash-flow modelling to work out the lump sum needed to maintain your lifestyle. * It’s also important to be aware of Capital Gains Tax liabilities and take advantage of the reliefs that are available to you, such as Business Asset Disposal Relief. Selling your business will hopefully bring you a satisfying sum of money. But without a solid plan for how to use sale proceeds, that new asset can quickly become a headache. You may have a rough idea about how you want to spend or invest the lump sum when it comes. But a more in-depth plan will help you understand crucial details such as exactly how much you need for future goals such as retirement; how to invest for income; and how to achieve your aims tax-efficiently. #sale #CGT #businessassets

With business owners, you've got to be mindful, because if you're triggering capital gains, you're increasing your passive investment income, which may impact your small business deduction if you're generating active business income

Managing your finances is complicated enough without having to keep up with investment accounts at multiple institutions. Here are the many benefits of consolidating your investment accounts with a financial advisor. https://lnkd.in/gPU_nBDg

🔥Did you know that your personal finances can be better understood and managed by applying game theory?🎲 #GameTheory is all about strategic decision making. It analyzes how players should act in complex situations to achieve the best outcomes, and believe it or not, it can be a game-changer for your personal finance strategy. Let's take an example. Think of your retirement savings plan. You're deciding between contributing to a Roth IRA or a Traditional IRA. The decision you make today (the move you play) impacts your financial future (the outcome of the game). By considering various factors such as future tax rates, your current income, age, etc., you can "play" this game strategically to maximize your post-retirement income. Sounds complex? Well, it can be. But, the good news is, you don't have to navigate this alone. 🌟 If you're in Central Maine and looking for guidance in the often tricky game of personal finance, consider partnering with us at Avery Rock Financial. We're committed to helping you make savvy, strategic decisions to strengthen your financial future. 💰 Tap into the power of Game Theory and let's win the game of personal finance together. Get in touch at david@averyrockfinancial.com or give us a call at (207) 360-9051. For more information, visit www.averyrockfinancial.com. #PersonalFinance #CentralMaine #AveryRockFinancial #FinancialPlanning #StrategicInvesting #MaineFinance