Help! I’m Almost Retired and I Don’t Know What To Do
After years of hard work, you’re finally approaching retirement. Whether it’s a few months or a few years away, the long-anticipated freedom of this next stage is in sight. As exciting as this milestone is, it can also feel overwhelming. Many of the clients MPPL Financial works with find themselves asking the same important questions: […]
Long-Term Disability Insurance: What Medical and Dental Professionals Need To Know
At MPPL Financial, we often see doctors and dentists with the wrong or insufficient long-term disability insurance. As Dan Evans, a CERTIFIED FINANCIAL PLANNER™with MPPL Financial, explains, “If you’re a doctor or dentist, it’s critical to be sure you have the right policy for your specific needs. Otherwise, you risk not receiving the replacement income […]
Medicare Facts You Need To Know
Understanding Medicare can be daunting. Here’s a primer of the key facts that you need to know when exploring the various options available to you. Enrollment Dates Initial enrollment period* Begins 3 months before you turn 65; ends 3 months after the month you turn 65 General enrollment period January 1 through March 31 each […]
Why Regular Business Valuation is Essential for Owners
If you’re a business owner, understanding the value of your business is crucial for multiple reasons. Whether you are sole proprietors or part of a partnership, having an accurate assessment of their business’s worth can help you make informed decisions regarding financial planning, retirement, and potential sales. Why Business Valuation Matters According to Scott Wallschlaeger, […]
How To Create an Extraordinary Retirement
If you’re like most people who are a few years away from retirement, you may be fixated on the financial aspects of this next life chapter. This emphasis on finances is often centered around questions such as “When can I retire” or “Do I have enough to retire?” However, our many years of experience as […]
The Importance of Internal Business Succession Planning
In the world of business, partnerships are common. Many entrepreneurs enter into business ventures with partners who may differ in age, vision, or long-term commitment. Over time, one partner may decide to leave due to retirement, shifting interests, or unforeseen circumstances. This makes business succession planning essential to ensure a smooth transition, protect business continuity, […]
The Questions Every Estate Plan Needs To Answer
If you already have an estate plan in place, it does not always guarantee it addresses all of your current needs and intentions. Life is fluid. Circumstances change, often unexpectedly, making it important to protect yourself and those you love. This is why we encourage you to review your estate plan at least every five […]
Are You 70 ½ or Older and Charitably Inclined?
If this describes you, and own tax-deferred retirement accounts, then there’s a tax-savings opportunity to explore for conducting your charitable giving. This opportunity is called the Qualified Charitable Distribution or QCD. How a Qualified Charitable Distribution or QCD Works As Brian Resch, MPPL Financial Managing Partner and Financial Advisor explains, “Essentially taxpayers 70 ½ or […]
What To Look for When Hiring an Accountant or Accounting Firm
We are often asked by business owners about what to look for when hiring an accountant or accounting firm. “Our feeling is that there is no one-size-fits-all approach when selecting an accountant or accounting firm,” says Scott Wallschlaeger, MPPL CEO and Financial Advisor. “However, understanding what to ask during the hiring process can help you […]
Common Money Mistakes To Avoid in Divorce
At MPPL Financial, we help clients during the divorce process. Terri Rau, a financial advisor and a Certified Divorce Financial Analyst® on our team, has seen firsthand how emotionally overwhelming and mentally draining this time can be. “Many describe the divorce process as a time of feeling frozen, numb, or like they’re moving in slow […]