Watch for More Local Buyouts in 2013

Though Front Street isn't exactly Wall Street, 2013 might be a busy year for corporate buyouts and acquisitions.Local merger and acquisition (M&A) experts tell The TCBN that along with a recovering economy will likely come heightened buy and sell activity.In the past 45 days alone,...

What Lenders Expect in a Financial Settlement

Though there are signs of an economic upturn, obtaining business credit is still a difficult endeavor. Financial institutions continue to exercise caution and are particularly cautious when analyzing loans for businesses in certain industry sectors. Construction is one of them. Consequently, lenders are requesting a...

Financial Planning For Unmarried Domestic Partners

How times have changed. Less than 22 percent of American households are composed of married couples with dependent children, according to the latest U.S. Census. That number has dropped significantly: In 1970, 40 percent of households fit in that category.(1) Meanwhile, over the past 40...

The Ultimate Estate Planning Driver? Your Perfect World

What is it about estate planning that makes you want to grind your teeth? Estate planning doesn't have to be arduous and stressful, yet it's avoided like the treadmill in your basement and easily put off for years, even decades. What is true is that...

The truth about annuities

In the very recent past I have analyzed more annuity statements than ever in my career, which means they are being sold like hotcakes at a fundraiser. It is not uncommon to see an uptick in the sales of these investment products during times of...

The ol’ 401K after a good bear market

My sister called me recently to tell me that she stopped paying into her retirement account at work. Her feeling was "why should I continue? I put a dollar in there and it turns into 50 cents the next day!" While a dramatic exaggeration of...

Ask the advisors: Addressing your MBT questions

Dear Advisors:We've all heard about the negative points regarding the new Michigan Business Tax (MBT). Are there any positive changes?Although they appeal to a fairly small percentage of taxpayers, there are some favorable aspects of the MBT. For instance, under the Single Business Tax, businesses...

Ask the advisors: 401(k)s; teaching kids to save

Dear Advisors:I'm planning to switch jobs. What can I do with the money that's in my 401(k) once I leave? If you expect to retire soon or you are switching jobs, you may be in line to receive a substantial payout from a qualified retirement plan....