Blog | CPA & Financial Advisor in Jefferson City

Maximizing Your Wealth: The Benefits of Professional Wealth Management

By Bert Doerhoff, CPA / April 26, 2023 / Wealth Management

Building wealth is a long-term goal for most people. Achieving it requires careful planning, intelligent investment decisions, and disciplined savings. A critical decision for many is whether to manage their finances themself or retain a financial advisor. This decision is complicated because index and exchange-traded funds have made “DIY” investing easier. When should you seek …

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The Power of Diversification

By Bert Doerhoff, CPA / April 26, 2023 / Wealth Management

The investing world can be challenging, with many options and minefields. Diversification is a particularly effective strategy to manage risk and preserve wealth over time. What is Diversification? Diversification spreads your investments across various asset classes, industries, and geographic locations. It aims to reduce the overall risk of your investment portfolio by minimizing the impact …

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The Benefits of a Business Budget

By Bert Doerhoff, CPA / March 23, 2023 / Business Advice

“I started a business to hone my budgeting skills,” said no one ever. The reality is that budgeting is critical to the success of your business. Without a budget, you may not be able to meet current expenses, much less fund unexpected ones. One survey found that the top reasons businesses failed included pricing and …

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Smart Accounting Practices To Improve Cash Flow

By Bert Doerhoff, CPA / March 18, 2023 / Business Advice, Wealth Management

No one knows who coined these words: “Revenue is vanity, profit is sanity, but cash is king.” The importance of a positive cash flow can’t be overstated. It’s much more important than profits. Here’s why. Profitable but troubled A company can be profitable but need more funds to pay its current operating expenses. How is …

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financial advisor costs, financial advisor fee, financial planner cost, financial advisor rates

All About Financial Advisor Costs: Fees and Rates

By Bert Doerhoff, CPA / February 6, 2023 / Wealth Management

There’s a wide range of fees charged by financial advisors. Here’s what you need to know about financial advisor costs.

How 529 Plans Work: Overview and New Rules

By Bert Doerhoff, CPA / January 29, 2023 / Retirement Planning

There are now even more compelling reasons to consider funding certain expenses with a 529 plan. Here’s how you can take advantage of it.

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Secure Act 2.0 Benefits: How It Can Secure Your Retirement

By Bert Doerhoff, CPA / January 28, 2023 / Retirement Planning

Here’s a summary of SECURE 2.0 benefits. Savvy employees can use this information to help secure their retirement.

self employed retirement plans, what retirement plans are available for self employed, which retirement plan is best for self employed

Self-Employed Retirement Plans: What You Need to Know

By Bert Doerhoff, CPA / January 26, 2023 / Business Advice, Retirement Planning

As a self-employed business owner, one of the most important decisions you can make is determining the best retirement plan for you.

investing in a 401 k, how to invest in a 401 k

What to Know Before Investing in a 401(K)

By Bert Doerhoff, CPA / January 25, 2023 / Retirement Investing

It’s critical that employees educate themselves and manage their 401(k) plans in a way that optimizes retirement benefits. Here are some tips for doing that.

wealth management trends, digital transformation

Wealth Management Trends in the Age of Digital Transformation

By Bert Doerhoff, CPA / January 9, 2023 / Wealth Management

The Covid-19 pandemic had far reaching ramifications, extending well beyond its devastating impact on the health of millions of Americans. It disrupted the way we interact with each other, turning “Zoom” into a verb. Advisors now routinely schedule client meetings via videoconference. These meetings, which used to take 3-4 hours with travel time included, can …

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