Making Cents

By: John P. Napolitano, CFP®, CPA, PFS, MST

One of the least addressed issues is your succession plan. Your succession can be caused by a few things. It can be pre-mature death, a well planned retirement, an unplanned disability, or a keen awareness about when may be the optimal time to exit your business via a sale.

By: John P. Napolitano, CFP®, CPA, PFS, MST

 

Your review meetings with your financial advisor should be about a lot more than your portfolio. Anyone can review investments and tell you why they went up or down. That service alone is not often worth the price of admission.

Maybe it’s your hobby that you’ve longed to turn into a business, something that you’ve observed is in high demand in your market place or simply some consulting that you may be do for your former employer to earn a little extra money. Regardless of your reason, there are some things that all business owners need to consider before hanging out that shingle.

Many people have been working from home during the pandemic. For many, what was once an office environment surrounded by your colleagues, and all of the other distractions that come with being in a workplace has turned into a living room with printers, scanners and video conferences.

By: John P. Napolitano, CFP®, CPA, PFS, MST

During the past few weeks, you’ve had ample time to think about your friends and family. Mostly hoping and praying that they are able to endure this period of isolation and remain healthy, strong and positive.

By: John P. Napolitano, CFP®, CPA, PFS, MST

I think Charlie Brown had it right, “worrying won’t stop the bad stuff from happening. It just stops you from enjoying the good”.

By: John P. Napolitano, CFP®, CPA, PFS, MST

 

In times like these, you may be feeling that you can’t trust anyone. Understood. But also in times like this, everyone with a pulse is chirping in your ear about something.

According to Wikipedia, “The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.”Covid-19 is a Black Swan event. Like the Black Swan events that have come before this one, we will get through it. When, however, is anyone’s guess. Based on this unknown, here are a few ideas that may help you survive this event without sending yourself into a deep depression.