As this year comes to a close, I wanted to take a moment to thank you for being a part of it. Speaking for the IFC team, 2017 has brought tremendous growth personally and professionally to us all. From renovating
How to Interview a Financial Professional
Last month I wrote an article on some of the most common types of financial professionals. I discussed some of the differences as well as considerations. Now that you have an understanding of the differences, it is time to hire
How to Choose a Financial Professional
Are you retired and second guessing some of your Do-It-Yourself financial choices? Maybe you are just about to enter retirement and want to put together a plan for spending down assets efficiently. Perhaps you still have 20 years until retirement,
The Four Toughest Financial Questions
Do you know what the four toughest financial questions are? More importantly than knowing them, can you answer them about your own finances? Knowing the answers to these four questions is very important when it comes to retirement planning. Every
What Is the Biggest Threat to Your Current and Future Lifestyle?
Have you been to Starbucks recently? A venti coffee was $2.25 earlier this year. Today a venti coffee is $2.35. That is a seemingly harmless 4.4% increase. Take a look around, many food products are at all time highs. Gasoline
Do You Have Enough for Retirement?
Take a look at this graphic comparing average costs in the 1980s vs. today: Isn’t it interesting that technology is the only thing that costs LESS?
The Importance of Estate Planning
William M. Davidson, most notably, owner of the Detroit Pistons died in 2009 at age 86. His estate was estimated to be $5.5 Billion. The IRS issued an estate tax bill for $2.8 Billion which forced William’s surviving family to
The Cost of a Credit Card
Are credit cards evil? No, they aren’t. They are actually a safe and convenient way to pay for goods and even get rewards like miles or cash back. The danger of credit cards is they can become TOO convenient and
What is the Cost of Procrastination?
When I was studying finance, I had a professor who would repeatedly lecture the class on the importance of time and not procrastinating when it came to investing. I thought today, I will share that lesson with you. So what
The Buy-Sell Agreement
One of the tools we have been frequently using with our small business owner clientelle is the buy-sell agreement. A buy-sell agreement is a legally-binding contract that prepares for the future sale of your business, or for the purchase of