What's New
Do you need to recruit, retain and reward key employees?
10/02/2009—Do you want to help bridge any gaps in your and their retirement savings plans?
If so, implementing a nonqualified executive benefit plan could provide a valuable benefit to you and your key employees.
Our team can help you identify your needs and implement business protection strategies to preserve, protect, and promote the value of your business.
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Well-Being Index - Lesson Learned? Americans Monitor Spending as Economy Improves
11/02/2009—Continued focus on saving, staying the course one year after start of financial crisis
New research released from the Principal Financial Well-Being IndexSM indicates that while the economy is stabilizing, Americans still have not forgotten the lessons from the economic downturn that began a year ago and are keeping a tight rein on spending. Ninety-four percent of Americans say their overall spending is the same or less than in the previous quarter.
"This economy taught Americans to spend less and save more," said Dan Houston, president of retirement and investor services at the Principal Financial Group. "It's crucial that we don't forget those lessons and continue to save responsibly for the long term." Further, when asked what keeps them awake at night, 44 percent of workers responded that concern over being able to afford/pay for the basic necessities prevents them from sleeping soundly. Another 41 percent worry about maintaining the same quality of life.
Read more at www.principal.com.
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Business Valuation - What is Your Business Worth?
11/02/2009—The value of your business influences when, to whom, and for how much you can sell your business. It also potentially impacts your retirement and the ability for the business to continue in your absence, or in the event of a disability. If you don't know the value of your business, maybe it's time to find out with a business valuation.
Questions to consider:
- When was your business last valued?
- Do you know what you could sell your business for today?
- What if you became "partners" with your partner's spouse?
- What impact would your departure have on the value of your business?
- Does your business represent a substantial part of your planned retirement income?
- Are you aware it is possible that your business may be taxed at a higher value than it is sold for at death?
What is involved to complete a business valuation?
Contact one of our financial professionals to learn more.
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