The Archives at the Factory

4 Retirement Options For Business Owners

It is that time of year again. The Super Bowl is over and March Madness is almost upon us and we all know what that means. Tax Day will be here before we blink an eye.   You should be receiving your 1099s, 1098s and W-2’s any day now if you haven’t received them yet. Then the regret or excitement will begin to set in as you realize that you will either owe Uncle Sam or you will get a refund because you gave the IRS and interest free loan of your money.

This isn’t a post about tax planning but better yet a post about how business owners can manage their tax burden (something I hear is a priority from many business owner client I deal with) and save for your retirement at the same time. (more…)

When 99.9% is not enough!

I have been thinking long and hard about a lot of things in the investment and financial advice industry over the last few months. What I uncovered is that there are a lot of people doing just enough. The idea of going above and beyond for clients is quickly dying as more and more people are automating all sorts of tasks from grocery shopping (actually pretty useful) to investing (jury is still out on this one). I took a long hard look at everything we are doing here at Thorium Wealth Management from the investment process, client management, to long term succession planning, to every expense paid, and the Return on Investment for the business. It has been eye opening.

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Scams, Suckers, More Scams And How To Spot Them

We have all received the emails from the concerned African prince that wants to wire us millions of dollars if we give him our account information. Hopefully everyone knows that it’s a scam. As the old adage goes if it’s too good to be true. Well I was away for a few days at a conference and when I returned I had this very ominous voicemail at my office.

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7 Lessons From the First 525,600 Minutes

525,600 minutes! That’s how much time is in 1 year. I could have used twice that amount as I was getting Thorium up off the ground. I can’t believe it has already been a year! What a wild and crazy ride it has been but I have survived year number 1. It has not been without its opportunities, excitement, and challenges and upon reflection I now understand so many of the business lessons I had read in books or heard from other experienced entrepreneurs. I understand them now because I have lived so many of them. In honor of that I am going to share 7 lessons I have learned during this first year of independence.

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