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Life Hub at Modern Wealth

By Alan Rhode

At Modern Wealth, we believe that financial planning should be more than just numbers on a page—it should be a dynamic, interactive experience that brings your financial future to life. That’s why we leverage Life Hub, an innovative financial visualization tool designed to provide clarity and confidence in retirement income strategies, scenario analysis, and tax … Continued

Modern Wealth’s Retirement Optimizer

By Alan Rhode

Retirement is one of life’s most significant milestones. It’s a transition that brings freedom, but also requires careful planning to ensure that financial resources align with a lifetime of evolving needs. At Modern Wealth, we understand that no two retirements are the same, which is why we’ve developed the Retirement Optimizer, a state-of-the-art tool designed … Continued

Navigating the 2024 Election Season

By Alan Rhode

As the 2024 presidential election season approaches its conclusion, the stakes are high, not just in terms of political outcomes but also for financial markets. It’s natural for investors to wonder how the election results might impact their portfolios and whether they should make any changes. Let’s dig into what history and current research tell … Continued

Understanding Qualified Small Business Stock (QSBS)

By Alan Rhode

Investing in startups and small businesses has always been a risky endeavor. However, with the right strategies, it can also be immensely rewarding. One such strategy revolves around Qualified Small Business Stock (QSBS), a powerful tool offering substantial tax benefits to investors. As a prospective client of Modern Wealth, it’s crucial to grasp the essence … Continued

The Solo 401(k)

By Alan Rhode

Hey there, you savvy business owner, you! If you’re running the show solo or with just your partner, then first of all, hats off to you. The freedom of being your own boss is pretty amazing, right? But hey, even the independent souls among us need to think about the future. Yep, I’m talking retirement, … Continued

The Ultimate Guide to Retirement Plans for Small Businesses

By Alan Rhode

As a small business owner or self-employed professional, it’s essential to understand the variety of retirement options available. The right plan offers financial security for the future and can also provide current tax benefits. Here’s an in-depth look at the top retirement plans tailored for small businesses and self-employed individuals. 1. Individual 401(k) / i401(k) … Continued

Business Transactions: Asset vs. Share Purchase

By Alan Rhode

Two paths stand out when diving into the world of business acquisitions: asset purchase and share purchase. Each has its perks and pitfalls; understanding these can guide your choices. Let’s break these down in a more approachable manner. Quick Overview Asset Purchase: Here, the buyer handpicks specific assets like equipment, inventory, or even customer lists. … Continued

The Wealth Gap

By Alan Rhode

The Business Owner Wealth Gap The wealth gap is a term that has taken on numerous interpretations over the years. While many think of it in terms of income inequality, for business owners, it signifies a different kind of challenge: the gap between the value of their business and the funds they need for a … Continued