Category archives: Comprehensive Financial Planning

How to Determine Reasonable Compensation in Your S-Corporation

Comprehensive Financial Planning, Taxes

How to Determine Reasonable Compensation in Your S-Corporation

by on June 30, 2016

  If you have not read my previous blog about “why” you should be concerned about paying yourself reasonable compensation as an S-corporation shareholder, please read it before you proceed to “how” you determine reasonable compensation.  As you may recall, there is substantial income tax-related risk of your S-corporation distributions...
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How to Determine Reasonable Compensation in Your S-Corporation

by on June 30, 2016

  If you have not read my previous blog about “why” you should be concerned about paying yourself reasonable compensation as an S-corporation shareholder, please read it before you proceed to “how” you determine reasonable compensation.  As you may recall, there is substantial income tax-related risk of your S-corporation distributions...
Continue Reading »


How to Determine Reasonable Compensation in Your S-Corporation
The Perils of Giving Your Kids an Allowance—at age 40! The Dilemmas Financial Enabling Causes!

Comprehensive Financial Planning, Retirement

The Perils of Giving Your Kids an Allowance—at age 40! The Dilemmas Financial Enabling Causes!

by on May 25, 2016

I met with a prospective client recently who shared her story with me. Her husband has a rare combination of illnesses, including early onset Alzheimer’s. They have two daughters, one lives in a house they built for her after her divorce. She works several jobs and does the best she...
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The Perils of Giving Your Kids an Allowance—at age 40! The Dilemmas Financial Enabling Causes!

by on May 25, 2016

I met with a prospective client recently who shared her story with me. Her husband has a rare combination of illnesses, including early onset Alzheimer’s. They have two daughters, one lives in a house they built for her after her divorce. She works several jobs and does the best she...
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The Perils of Giving Your Kids an Allowance—at age 40! The Dilemmas Financial Enabling Causes!
The Importance of Having a Will

Comprehensive Financial Planning

The Importance of Having a Will

by on May 18, 2016

It’s not uncommon for me to have people at church ask me financial questions, and I really don’t mind! I don’t like to do business on Sunday–especially at church–but if I can help someone be a better steward, it is time well spent. One Sunday, a single mom with three...
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The Importance of Having a Will

by on May 18, 2016

It’s not uncommon for me to have people at church ask me financial questions, and I really don’t mind! I don’t like to do business on Sunday–especially at church–but if I can help someone be a better steward, it is time well spent. One Sunday, a single mom with three...
Continue Reading »


The Importance of Having a Will
Why You Need Reasonable Compensation in Your S Corporation

Comprehensive Financial Planning, Taxes

Why You Need Reasonable Compensation in Your S Corporation

by on May 6, 2016

We have clients using the S corporation form of ownership to operate their small or medium-size businesses.  Many set these up at the advice of their attorney to help protect assets from possible judgments and claims.  They also may set them up at the advice of their CPA to help...
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Why You Need Reasonable Compensation in Your S Corporation

by on May 6, 2016

We have clients using the S corporation form of ownership to operate their small or medium-size businesses.  Many set these up at the advice of their attorney to help protect assets from possible judgments and claims.  They also may set them up at the advice of their CPA to help...
Continue Reading »


Why You Need Reasonable Compensation in Your S Corporation
The Plan Behind The Plan: Making Retirement Count

Comprehensive Financial Planning, Retirement

The Plan Behind The Plan: Making Retirement Count

by on Dec. 22, 2015

Recently, we had the privilege of celebrating a client’s 100th birthday. It was a special time for her to be able to share 10 decades of memories with friends and family. During our visit, it was evident that love and faith shaped her life. It was a blessing to have...
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The Plan Behind The Plan: Making Retirement Count

by on Dec. 22, 2015

Recently, we had the privilege of celebrating a client’s 100th birthday. It was a special time for her to be able to share 10 decades of memories with friends and family. During our visit, it was evident that love and faith shaped her life. It was a blessing to have...
Continue Reading »


The Plan Behind The Plan: Making Retirement Count
How the 1% Reduces Taxes, Retains Wealth, and Still Gives to Charity

Charitable Giving, Comprehensive Financial Planning, Beneficiary Designations, Taxes

How the 1% Reduces Taxes, Retains Wealth, and Still Gives to Charity

by on May 15, 2015

A charitable lead trust (CLT) is not for the faint of heart or weak of wallet. In fact, it is most suitable for those who are among the top 1% of America in terms of income ($350,000+) and net worth ($5 million+). If that describes you, then the rewards of...
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How the 1% Reduces Taxes, Retains Wealth, and Still Gives to Charity

by on May 15, 2015

A charitable lead trust (CLT) is not for the faint of heart or weak of wallet. In fact, it is most suitable for those who are among the top 1% of America in terms of income ($350,000+) and net worth ($5 million+). If that describes you, then the rewards of...
Continue Reading »


How the 1% Reduces Taxes, Retains Wealth, and Still Gives to Charity
Why Your Financial Advisor Should Care About More Than Just Your 401(k)

401(k), Budgeting, Comprehensive Financial Planning, Education Planning, Estate Planning, Retirement

Why Your Financial Advisor Should Care About More Than Just Your 401(k)

by on April 9, 2015

Money! Mansions! Maseratis! If this is your perception of financial advisors, a sort of Wolf of Wall Street caricature, you are not alone. According to a study completed by Charles Schwab in 2014 titled "Generation Now Study," those were some of the words and pictures used to describe financial advisors....
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Why Your Financial Advisor Should Care About More Than Just Your 401(k)

by on April 9, 2015

Money! Mansions! Maseratis! If this is your perception of financial advisors, a sort of Wolf of Wall Street caricature, you are not alone. According to a study completed by Charles Schwab in 2014 titled "Generation Now Study," those were some of the words and pictures used to describe financial advisors....
Continue Reading »


Why Your Financial Advisor Should Care About More Than Just Your 401(k)
How your special needs child might benefit from a 529 ABLE account

Comprehensive Financial Planning, Education Planning, Special Needs Planning

How your special needs child might benefit from a 529 ABLE account

by on Feb. 25, 2015

If you are a parent of a special-needs child, no doubt you have heard about the new 529 ABLE account. But like many of us who serve clients with or have special-needs family members, you might be scratching your head trying to fit this new account into your financial planning...
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How your special needs child might benefit from a 529 ABLE account

by on Feb. 25, 2015

If you are a parent of a special-needs child, no doubt you have heard about the new 529 ABLE account. But like many of us who serve clients with or have special-needs family members, you might be scratching your head trying to fit this new account into your financial planning...
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How your special needs child might benefit from a 529 ABLE account
Are you an investment account "pack rat"?

Comprehensive Financial Planning

Are you an investment account "pack rat"?

by on Feb. 6, 2015

Many of us have “pack rat” tendencies – we hate to throw away things because we think we may need them someday. We may have an emotional attachment to them, or we don’t want to use the energy it takes to dispose of them. This tendency can extend into our...
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Are you an investment account "pack rat"?

by on Feb. 6, 2015

Many of us have “pack rat” tendencies – we hate to throw away things because we think we may need them someday. We may have an emotional attachment to them, or we don’t want to use the energy it takes to dispose of them. This tendency can extend into our...
Continue Reading »


Are you an investment account "pack rat"?
Annual reviews . . . more than performance reports

Comprehensive Financial Planning

Annual reviews . . . more than performance reports

by on Sept. 1, 2014

As we quickly close in on the end of summer, the last thing on your mind may be an annual review with your financial advisor. At PlanFIRST, we proactively try to meet with our clients at least once a year to not only discuss portfolio performance but also to address...
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Annual reviews . . . more than performance reports

by on Sept. 1, 2014

As we quickly close in on the end of summer, the last thing on your mind may be an annual review with your financial advisor. At PlanFIRST, we proactively try to meet with our clients at least once a year to not only discuss portfolio performance but also to address...
Continue Reading »


Annual reviews . . . more than performance reports

Trust and investment management accounts and services offered by PlanFIRST, an office of the Ronald Blue Trust division of Thrivent Trust Company, are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, nor guaranteed by Thrivent Trust Company or its affiliates, and are subject to investment risk, including possible loss of the principal amount invested.

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