How is your business set for funding your retirement plan and the retirement plans of your employees? This can be a solid benefit for employees, but what is the right instrument for your situation? We work with several IRA-based plans, including Payroll Deduction IRAs, SEP, and Simple IRAs. There are also 401(k) Safe-Harbor plans that […]
Your personal residence is one of your best assets and one of the easiest to leverage in building wealth. Your home is one of the easiest assets to lend against and can provide much-needed capital in the event of a growth opportunity. Hear us; we are not saying to take out debt just to take […]
When you have cash on hand in a business, one part of your treasury reserve strategy should be debt reduction. A balance of working capital, debt reduction, and short-term investment is a much better use of that cash than just a pile of it sitting in a savings account. So how should your business deal […]
Could cryptocurrency fit into your strategy for managing your short-term cash on hand? We’re in the middle of a series of articles about how businesses can best utilize their cash reserves—building a comprehensive corporate treasury strategy. Crypto Basics We believe cryptocurrency can be part of that strategy. Cryptocurrency is a method of banking. Cryptocurrency is […]
Uncommon Banking is our term for using a guaranteed whole life insurance policy as your own personal bank by using the cash value of the policy. If you have been following our work, you have probably heard us mention it—often! It is a powerful tool in personal finance, but it can also be a powerful […]
Tammy and Dave Matthey have four adult children and eight grandchildren. One of their biggest blessings is that all of their children and grandchildren live within a mile of them. Tammy & Dave worked hard their entire lives. They’ve been incredibly valuable employees and were rewarded for their contributions. They were always good about saving […]
We have been running into a challenge faced by many business owners lately: what to do with excess cash on hand. From weathering COVID-19 well, PPP funds, and potentially EIDL loans, there are a lot of corporations sitting on excess cash. Previously, we defined excess cash or reserves as cash above what your monthly reserve […]
In our conversations with business owners, a topic that keeps coming up is how to manage excess cash on hand. While we have a lot to say about how to manage the profits of your business, the obvious starting point is savings. How much should you have on hand, and what should it be earmarked […]
When it comes to corporate roles, treasury is not one that gets a lot of attention. But it is this role and the department they manage that guides a company’s strategic use of excess liquidity—your cash on hand. If anything, the importance of the treasury function has grown in this low-interest-rate environment we’ve had over the past […]
It seems like a great problem to have: business is going well and you have built up solid cash reserves. The ideal is to maintain liquidity, but also generate some yield on that money. It’s great that it is there, but you also want to put it to work for your business in a way […]