Business Planning, Financial Planning

Self-employed Real Estate Professionals, too, can have a 401(k)

Real Estate professionals who are considered self-employed may love the flexible nature of their job, but are often envious of corporate worker’s access to a 401(k) plan. Well, there is good news. Self-employed individuals, like many Real Estate Agents and Brokers, also have the privilege of saving for retirement with a 401(k) plan. The plan is commonly called a solo-401(k)…

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Business Planning, Contractors & Builders, Financial Planning

Builders should hire an advisor who understands their industry.

I recently spoke with a builder of custom luxury homes about his experience during the 2008 recession. Despite having been in business for 40 years, he was woefully unprepared to weather the recession. His company made deep spending cuts and sold company property, but the pain spilled over into his personal assets. This builder had to liquidate all of his…

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