Posts by Ted Jenkin
How to Pass On Your Family Business
You have spent 15, 20, or even 30 years building up a business that you plan to pass on to your family. Now, most of your time is spent laying out your future travel schedule, perfecting your golf game, or thinking about lazy Sunday afternoons hanging out having fun. You are finding it hard to…
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The Danger of Being Undercapitalized
It’s always exciting to think about the idea of having your own new start up. You hear about stories where entrepreneurs started with just $300 and a cardboard box and then turned their business into millions. In reality, having worked with many types of business owners, the first mistake made by most is simply not…
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What to Do When You Come Into a Large Sum of Money
Coming into a large sum of money is a game changer for people of all ages. Unfortunately, there are lots of different decisions to consider upon receipt of these windfalls, which causes most individuals and families lots of consternation on what are the smart money moves. Whether these dollars are received from inheritance, cashed out…
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4 Ways to Make Money and Save Time on Social Media
I know a lot of you are still avoiding the social media game. Maybe you have no interest in Facebook, and don’t see the point of Twitter. You might not have even put up a complete summary up on LinkedIn as a business professional. But here are some things that might make you reconsider your…
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Small Business Retirement Plans Part 3: The SEP Plan
Over the past two weeks, we’ve discussed two different types of retirement plans for small business owners: the SIMPLE IRA and the Solo 401k. To wrap up this month’s series on small business retirement plans, I want to look at the Simplified Employee Pension Plan, or the SEP. Simplified Employee Pension (SEP) plans can provide…
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Small Business Retirement Plans Part 2: The Solo 401k
More and more, I see people quit the corporate America lifestyle and venture into owning their own business. This can take the shape of a freelancer, consultant, or someone who actually starts a new brick and mortar operation. Many of these folks will ask questions about whether they should incorporate their business or not which…
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5 Super Bowl Party Tips We Learned from Bill Belichick and Deflategate
Did you know that the Super Bowl is the second largest single day of food consumption after Thanksgiving? It also ranks as the most widely watched television show of the entire year. While it’s not a national holiday, it sure acts like one. While that’s always true, the lead up to this year’s “Super Big…
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When Can I Take Money From My IRA?
There is an ever-changing landscape of families and individuals who are working on making work-optional by the age of 50 or 55. This doesn’t mean that they won’t continue running some small business or choosing projects to work on that they really enjoy, but at this financial point in their lives they are wondering how…
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Is Bitcoin the Currency of the Future?
I don’t know whether or not Bitcoin will ultimately be successful, but there is most certainly a future market for cryptocurrencies on the whole. Just last December, someone used this option to buy a $103,000 top of the line Tesla for a mere 91.4 Bitcoins. Admittedly, like most people, I was originally skeptical around the…
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