OUR LATEST INSIGHTS

As the leader of Century Management, I have spent over three decades helping businesses, executives, and families navigate the intricacies of wealth. Among these challenges is the necessity of assessing cash balance for firms, particularly those with a small, concentrated team of 40 people or less. In this article, I want to share with you an alternative approach to planning for your future, which could provide substantial tax benefits and enhance your company's overall financial health: the Cash Balance Plan.

As a proud steward of financial guidance at Century Management, I have dedicated my career to helping individuals and businesses navigate the challenging waters of wealth management. Today, I want to take you on a journey that is somewhat unique - one that takes the concept of freedom and examines it from two vastly different yet intimately connected perspectives: the independence embodied by July 4th, or Independence Day, and the autonomy achieved through financial independence.

With a lifelong education and passion for financial services, I've devoted my career to helping high-income-earning business owners, executives, and families navigate the complex world of wealth. One lesson that I have learned throughout my years in the industry is that maximizing the value of a business is not a solo endeavor. Indeed, it takes more than a financial advisor to truly unlock a company's potential. Diverse experts in various fields are needed to ensure a comprehensive, well-rounded approach to business growth and sustainability.

Your investment time horizon is one of the most critical considerations for your total retirement preparation, yet it's also one of the most overlooked. Here are some key points to consider when planning for your investment time horizon.

Looking to save on taxes, maximize your retirement savings, create significant asset protection, and reward, recruit, and retain your employees, consider adding a cash balance plan to your existing 401(k) plan. Depending on your personal goals, there are many other retirement planning and benefit options that could also be of help. Choosing the right retirement planning option is one of the most important financial decisions a business owner will make for their business. Here are some key takeaways from our blog on how Century Management Financial Advisors can help.

Often times a business is sold prematurely due to death, divorce, disability, distress, or disagreement. If your business is not prepared and ready to transition, you and your beneficiaries may not maximize your sales value.