Many businesses are experiencing record profits these days, despite a tight labor market and softening economy. Offering a company-sponsored retirement plan can help reduce income taxes for business owners while also serving as a valuable retention benefit for employees.
Grace Groner was born in 1909 in Illinois and became an orphan at the age of 12. She attended Lake Forest College and, upon graduation, took a job at Abbott Laboratories, where she would work as a secretary for 43 years. She never married or had children. When she died in 2010 at the age of 100, she left behind an estate in excess of seven million dollars!
Apple Computers was founded in 1976 by partners Steve Jobs and Steve Wozniak, who are now household names. But most people don’t realize that there was a lesser-known third partner, Ronald Wayne. While most people are never faced with an investment decision of Wayne’s magnitude, here are the 5 most common investment mistakes I see repeatedly - and how to avoid them.
In 1986, Lou Holtz was tapped as Head Coach of the then-struggling Notre Dame Fighting Irish football team. By the time he left the university 11 seasons later, he’d racked up 9 Bowl appearances, 5 Bowl victories, and one National Championship! He later revealed a vital question that he demanded players repeatedly ask themselves. It goes by the acronym W.I.N. – What’s Important Now?
In 1997 the internet was still in its infancy, and we didn’t even have iPhones. “Titanic” became the biggest movie of all time that year, George Clooney was People Magazine’s Sexiest Man Alive, and “Seinfeld” aired its final season. 1997 was also the year I began my career in financial services. What have I learned about market downturns in 25 years?
Like Yankee Hall-of-Famer Yogi Berra once said, “It’s déjà vu all over again.” Inflation, interest rates, consumer sentiment, and the invasion of Ukraine continue to impact markets and the economy.