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The finance aspects of closing a therapy practice
Of all aspects of being a mental health professional, there is little said about the financial aspects associated with closing a therapy practice. In this blog, we’ll cover all that, and more: How to tell your practice’s clients you are …
Subject line: When will Inflation stop?
With the buzz in the headlines and the pinch at the checkout line, it’s no surprise that inflation has become something Americans can not ignore. We don’t see inflation as coming to a screeching halt anytime soon. However, based upon …
Help! I can’t handle the New Jersey retirement savings plan mandate!
A law has been passed requiring certain employers in New Jersey to provide retirement savings plans for their companies. It’s called the New Jersey Small Business Retirement Marketplace Act. In this article we’re going to discuss the terms of the …
7 ways to encourage employee participation in your 401(k) plan
As an employer, you would think it’s enough to just set up a 401(k) and call it a day. Your employees should be happy you’re providing them with a company sponsored-retirement plan option, right? In reality, it takes a lot …
Should you buy a New Jersey vacation home?
We’re often asked if buying a Jersey Shore home is a good investment. While we can’t answer that specifically with a “yes” or “no”, here is our take on how to approach the question of whether or not you should …
40 questions to ask a financial advisor in New Jersey
There are a ton of financial advisors. How do you know how to pick a good one? It’s important to get the right information before you engage. Here is a list of 40 questions to ask a financial advisor in …
Are we in a recession?
Market volatility, rising oil and wheat prices, and the Russo-Ukrainian conflict have led the American public to question, “Are we a recession?” The answer is that no, we are not currently in a recession. This newsletter is going to talk …
When do therapists retire (and how?)
One of the more common questions we get when providing financial planning for therapists in our practice is the question of when therapists retire. There’s a great lack of clarity about when and how to retire from a therapy practice, …