Financial Planning

Financial Planning

ThriveTalk Episode 6: Social Security Questions? We Know a Guy…

Most of us don't pay attention to Social Security until it's time to collect it. Even then, we've got questions... a lot of them. ThriveTalk video podcast host Marie Elium sits down with Brandon Smith, a public affairs specialist at the Social Security Administration (SSA) office in Cleveland, to sort through the misconceptions, mistakes and expectations about this vital and sometimes-maligned safety net.  ...
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Partnerships, Acquisitions, and Joint Ventures: Choosing the Right Growth Path for Your Business

Many modern companies are under the assumption that with all of the latest technology (i.e., advanced software stack, automation, and cloud-based infrastructures), they will be able to withstand many different types of disruption and therefore are “resilient” by default. While it is correct to spend money on these technologies, it is incorrect to assume you have covered all bases for a company’s resilience. The greatest disruptions today are typically occurring outside of your software stack and silently eroding the foundations of your organization well before an alert goes off or an error log shows anything out of the ordinary.

These types of risks do not send an alert or show an error message in your log files. These risks occur as a result of failures in physical systems, human behavior, and the numerous dependencies that are either not monitored or cannot be monitored by digital tools.

Understanding Growth Beyond Organic Expansion

Organic growth rewards patience, but it also has a ceiling. New markets, technologies, and customer segments often demand speed and expertise you cannot build overnight. External growth strategies exist to shortcut time while preserving momentum.

The key is knowing what kind of shortcut you need. Some paths offer shared risk, others offer full control, and each comes with trade-offs that deserve careful thought.

Partnerships: Flexible and Low-Commitment Growth

Partnerships work best when two businesses share complementary strengths. One company brings reach, the other brings capability. Neither gives up ownership, yet both gain access to something valuable.

This route suits businesses testing new markets or services without betting the entire company. The strongest partnerships have clear incentives, defined responsibilities, and exit options that protect both sides if priorities shift.

Acquisitions: Buying Speed, Talent, or Market Share

Acquisitions are decisive and often transformative. Instead of building slowly, you purchase what already works, whether that is intellectual property, skilled teams, or an established customer base.

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Free Tax Help: Give It, Get It

Dealing with taxes is a hassle, but there's plenty of help for older adults, especially those with low-to-moderate incomes. Check with your local library branch or recreation center to see what they're offering this tax season. ...
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Fastest-Growing Jobs: Any Sound Familiar?

What are the fastest-growing jobs in the United States? If you're no longer in the workforce, you know someone who is. So, what are the hot jobs? Here's a clue: AI plays a big role. ...
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The Inheritance Expectation Gap

Most of us don't want to appear greedy, and asking about a potential inheritance can easily fall into that category, but estate planners say that honest conversations about money can prevent hard feelings later if there are unclear or uncommunicated estate plans. ...
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New Year’s Resolutions That Stick

January is a great time for a reset in many areas of our life: our attitude, our body and our surroundings. If you're knee-deep in cleaning out your junk drawers, or dumping the leftover eggnog, then you know what we're talking about. ...
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Giving to Grandkids

Each family situation has its own unique dynamics, expecially when it comes to money as gifts. For example, you might not trust your grandchildren to spend a gift wisely. Or, your gifts may undermine the parents’ plans for your grandchild. ...
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Why You Might Need More Than a Simple Will

A simple will or joint ownership often leaves your carefully built legacy vulnerable to common, yet devastating, pitfalls — specifically, the four great threats: divorce, death, lawsuits and poor spending habits. ...
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