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Case Study: Taxation Relief for Medical Practice
How the Cambium Small Business Advisory Group helped medical practice dramatically increase owner deferrals without dramatically increasing employee costs.
Read More8 Tips for First-Time Home Buyers
Buying your first home is a big decision that involves a major financial commitment, so you want to make sure you approach it smartly. Here are some important tips to help you make this decision.
Read More4 Strategies for Long-Term Investment Success
There are four fundamental strategies for investing that can lead to greater long-term financial security.
Read MoreWays to use your tax refund
These five actions offer a great way to help you leverage your tax return to improve your financial and emotional confidence.
Read MoreThe pros and cons of 529 college savings plans
Meeting the future financial obligation of sending your child to college requires years of disciplined saving and thoughtful investing. One strategy is a 529 college savings plan. But, is it the right approach?
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Quickstart Guide to Estate Planning Terms
The road to estate planning may feel like a bumpy one. To start, it can be hard to imagine a world without you in it. To jump start the conversation, here’s a quickstart guide to estate planning terms, along with a few questions to ask.
Read MoreIt’s time to have a talk with your parents (Part 2 of 2)
Adult children can play an important role in helping their parents make critical planning decisions about for end-of-life issues. There are ways to make this conversation less awkward and produce better outcomes for you and your parents.
Read MoreIt’s time to have a talk with your parents (Part 1 of 2)
For much of our lives, our parents have been the ones to bring up uncomfortable topics. But once we become adults, it’s our turn to start some sensitive conversations. Here are some guidelines to help the conversations flow.
Read MoreFinancial Well-being for Everyone: Disability Income Insurance
If someone asked, "What is your most valuable asset?" you might think of your home or cars. While these are significant, this answer overlooks the most valuable asset of all: your ability to work and earn your income into the future.
Read MoreA More Meaningful Way to Save
Right now, your paycheck is most likely deposited directly into your checking account, where expenses are managed. Evidence shows that with this pattern, your expenses will always be linked to the income the account receives. Whether...
Read MoreSpend Mindfully by Adopting a Saver’s Mentality
We've all been forced to change our behaviors and depart from “normal” routines. It is no wonder that our spending behaviors have changed too. For many, this means the opportunity to shift spending to adopting more...
Read MoreYour Best Employees Need Incentive to Stay
No matter when, how, or to whom business owners leave their businesses, they must assure that they are giving their best employees incentive to stay with the business throughout. Why Business Owners Need Incentive Plans Recently,...
Read MoreKenyon Lang featured in Care.com Article on "Paying for Alzheimer's and dementia care"
Cambium Group Managing Director, Kenyon Lang was recently quoted by Care.com, in the article, "Paying for Alzheimer's and dementia care, according to financial advisors." Excerpt: The cost of quality care for an aging loved one can get...
Read More401(k) Plans Are Not Just for Big Businesses
Many small businesses are one person businesses. If this sounds like you, you might want to consider opting into a Solo 401(k) Plan. A Solo 401(k) plan is for a one-person business and may provide opportunities to increase your...
Read MoreAttract Better Employees with Better Benefits
In a good economy, smart business owners know that a benefits package needs to fan a candidate’s excitement for joining the team. Serving up the usual can do just the opposite, driving a strong potential employee into the hands...
Read MoreYour Financial Path Forward in the Midst of Mental Illness
Losing a job is never easy, even under normal circumstances. Losing a job or needing to take extended time off of work due to mental illness, however, comes with its own unique set of pressures to navigate—and can have a major...
Read MoreThe Importance of Business Valuation
Many small businesses owners know their companies inside and out. Yet, they rarely know one critical fact – how much their company is actually worth on the open market. Determining the true value of a business, a process called...
Read MoreReasons to Consider a LLC over a S Corporation
The Limited Liability Company (“LLC”) and the S Corporation (“S Corp”) are both business organizations which are “pass-through entities” under the Internal Revenue Code: they escape taxation because...
Read MoreIn Your 20s? Start Saving!
In Your 20s? Start Saving! Chances are, if you’re in your 20s, saving for retirement is the last thing on your mind. After all, you may still be paying down student loans, and dealing with credit card debt. You may have entered...
Read MoreNavigating the Ups and Downs of Business Cash Flow
One in four businesses fail due to cash flow problems.1 And despite forewarning, many business owners are underprepared to manage the ups and downs. During lean times, watching the bank account dwindle and worrying whether you’ll...
Read MoreGrief and Finances: Communication to Financial Preparedness
The unpredictability of life can sometimes leave us feeling overwhelmed with grief. For some, that may be a monetary change brought about by the loss of a job or significant financial setback. While others may deal with the loss of a...
Read MoreProtecting the Goose that Lays the Golden Egg
The dreams of small business owners and the business plans that outline the strategy to fulfill those dreams rarely include the insurance protections that business owners will need. Yet, having adequate protection can help your...
Read MoreRethinking Business Cash Flow
While there are many uncertainties when planning for the future, one factor that is almost always essential to the success of your future plans is cash flow. Measuring your company’s cash flow and knowing what aspects of your...
Read MoreWhat is "Transferable Value" and How Do I Build It?
One of the most important elements of a successful business transition is transferable value. No matter what an owner sees for the future of the business, transferable value can be the common denominator that makes all goals more...
Read MoreHave More Control Over Your Retirement Income
Maximization your Social Security Income Many individuals who are planning for retirement look to Social Security as an important source of their retirement income. If you’re thinking ahead to retirement yourself, you may already...
Read MoreCARES Act: Key Points for Individuals
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) is sweeping federal legislation put in place to provide financial support to businesses and individuals during the coronavirus (COVID-19) pandemic. We are here to help...
Read MoreWorking Backward: 3 Questions to Ask About Your Planning
Do you remember trying to solve a complex maze as a child? You’d start at the beginning, trace a line toward what you thought was the correct path to the end, only to run headlong into a wall. So, you’d start again, only to...
Read MoreThe Hidden Costs of Home Ownership
Buying your first home should bring joy. For many millennials, it may instead bring stress from financial juggling. In a recent survey, over 60 percent said they regretted buying a house. Their number one reason? The ongoing financial...
Read MoreThe Pros and Cons of 529 College Savings Plans
If you are like most Americans, meeting the future financial obligation of sending your child to college requires years of disciplined saving and intelligent investing. One strategy for accumulating the necessary funds to pay for...
Read MoreSuccessful Planning Starts Much Earlier Than You Think
Many business owners believe they have plenty of time to create a successful plan for the future of their businesses. Most commonly, owners think that if they give themselves a few years, they can transform their businesses into...
Read MoreLiving Confidently: Legacy and Estate Planning
You work hard for your money. And you protect it. Year after year, you build net worth as your cash and other assets (house, real estate, investments) grow. Now, imagine that you never protected your money — that you left your...
Read More3 Ways to Position Yourself and Your Family for Future Success
Many business owners support their families through their businesses. If something were to happen to you, such as a sudden death or permanent incapacitation, it may affect both your business and the lifestyles of the people who rely...
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