Huskey Financial Blogs
Here are some of our ideas around financial planning, education, and strategies that have helped numerous clients.
Our goal is to provide as much educational content each month to make you more confident in your lifestyle and retirement decisions.
Year End Tax Planning Tips for Individual and Businesses in South Carolina
The end of the year is rapidly approaching and it is time to begin planning year end tax strategies to help lower your 2022 tax burden. It is important that you get in touch with your financial advisor ASAP for a tax strategy session...Read More
Start Planning Your 2022 Tax Strategies Now
With the end of the year rapidly approaching, now is the best time to begin planning tax strategies that will make your life easier and less burdensome come April 15, 2023. The fourth quarter of 2022 is really your last opportunity to...Read More
Why Financial Planning is Important for Businesses and Families
Financial planning is an important process for any size of business or family. The goal of this process is to allow all interested parties to communicate their financial goals and concerns in order to arrive at a cohesive financial...Read More
Creating a Financial Mission Statement
A financial mission statement is one message that covers all of your current thoughts, dreams, and fears about your financial future. For instance, your financial mission statement might say, “My financial mission statement is to use my...Read More
Cash Flow Mapping for Physicians and Small Business Owners
Traditional budgeting methods view cash flow by looking backwards. Cash Flow Mapping is forward-looking and is based on discipline and logic. Instead of looking at where your money went, this tool looks at where your money is going.Read More
A Life of Purpose: Build Businesses that Generate Recurring Revenue for a Greater Purpose
Recently, on Steven Huskey’s podcast Portfolio Pulse, he had the opportunity to interview a remarkable guest. Steven’s guest, Kyle King is almost 30 years old, yet he's already an accomplished author, working on his 8th...Read More
Increase Savings and Reduce Debt with the Shred Method
Increase Savings and Reduce Debt with the Shred MethodHuskey Financial is your resource for financial education. We strive to remove financial complexities and help you make decisions to grow wealth and security. Steven Huskey recently...Read More
Tax Planning Strategies for Physicians and Small Business Owners
Optimizing cash flow, planning for retirement, and developing a tax strategy are important considerations for physicians and small-business owners. These groups of professionals face tax exposure due to a number of factors, including...Read More
Key Employee Retention Strategies for Business Owners
Since before the beginning of the pandemic, small business owners have been struggling with the Great Resignation. As much as 44% of the workforce is actively seeking new employment...Read More
Is My Business Eligible for the Employee Retention Tax Credit?
The past few years have been rather tumultuous for business owners, especially in a financial sense. Changing consumer attitudes, a volatile economy, and various regulations have made it more difficult than ever to be an...Read More
What’s the True Cost of Losing Top Talent?
For business owners, losing a key employee you have trained and cultivated a relationship with is always a downer—but did you know that it is something that can eat into your bottom line, too? Retaining key employees is important...Read More
How Does a Backdoor Roth IRA work?
Retention Strategies for Key Employees
Understanding the Tax Implications When Giving Employees Equity
How to Build Wealth in an Automatic, Systemic Way
How Can a Fractional CFO Help a Budding Business?
Is the 4% Safe Withdrawal Rate Still Applicable in Retirement Today?
4 THINGS TO KNOW WHEN BUYING A HOME
How Can Physicians Use Real Estate Professional Status to Save?
What Does "Keeping Up with the Joneses" Do to Your Balance Sheet?
Preparing to Sell Your Dental Practice
The Top 3 Tips for Networking as an Entrepreneur
What Are the Differences Between Mutual Funds and ETFs?
If you are looking to start or rebalance an investment portfolio, you have likely seen a lot of information circulating regarding mutual funds and exchange-traded funds (ETFs). Both of these systems are designed to pool investments...Read More
Cleaning Up Your Financial Plan for the New Year
There is never a bad time to make an effort to organize your financial plan, but around the new year is an extremely common place for people to start. Whether you are making your New Year’s resolutions financially themed or you...Read More
What Are the 5 Main Financial Risks to Plan For?
It is no understatement that life is full of surprises. Though these unexpected events can often be welcome and joyful, there are also surprises that are less pleasant—and if these surprises derail your financial goals, they can...Read More
How to Fill Out a FAFSA Form
If your child is getting ready to enroll in college for the first time, there are probably a million things on their to-do list—and on yours! Between sending test scores, writing admissions essays, and keeping track of each...Read More
Questions to Ask When Choosing a Financial Advisor
Finding the right financial advisor is a must if you’re planning to become more serious about managing your money and growing your wealth. Financial advisors are just as unique as the portfolios they manage—because every...Read More
3 Signs That it Might Be Time to Sell Your Business
As a business owner, making the right choices on behalf of your enterprise is something that becomes like second nature once you do it enough. However, when it comes to facing the choice regarding whether to step away from your...Read More
What is an Initial Public Offering?
If you’ve heard of an initial public offering (IPO), you have likely heard of them in the context of lucrative investments and major money making opportunities—and at times, this is true. With the rise of the technology...Read More
How to Determine Your Yearly Milestones for Retirement Savings
While it might not always feel like the most pertinent task, saving for retirement is one of the most important things that a person can do with their money. Having an adequately padded retirement fund ensures that you are able to...Read More
Saving for Short-, Mid-, and Long-Term Life Goals
Saving money is an important part of any comprehensive financial plan, but if you’re like the majority of people, it is often the hardest part of your budget, too! Having life goals to save for can often make the process easier,...Read More
A Guide to Equity Compensation Plans & How They Are Vested
With such a competitive job market, especially for specialized roles, companies have begun to recognize the need for offering benefits that extend past PTO and 401(k) matching. For many companies that are public or are hoping to...Read More
Tax Planning Considerations for Vesting Company Stock
When dealing with any kind of income, taxes should be a major consideration—especially if you find yourself with stocks or RSUs from an employee compensation plan. While exercising your stock options can be a great bonus to your...Read More
How Can I Stay Financially Organized?
Organization is something that is not often talked about in conversations surrounding financial wellness, but we believe that it deserves to be a part of the discussion. If your finances are not organized, it can quickly lead to extra...Read More
How Can I Increase the Value of My Business?
It’s safe to assume that any business owner is interested in growing the value of their enterprise, but through conversations with our clients, we’ve found that many are simply unsure of where to begin. While traditional...Read More
Why Do Dentists Wait to Retire Later in Life?
For those that own their own dental practice, retirement might be the ultimate daydream. If you can’t wait to be living on your schedule, golfing at off-peak times, and enjoying yourself on any day of the week, you aren’t...Read More
Debt or Savings: Which Do I Contribute to First?
For most of us, needing to pay off debts and save money simultaneously is a fact of life. Whether you are paying down medical school loans, chipping away at a large purchase, or contributing to your mortgage, these recurring expenses...Read More
What Does it Mean to Be Truly Diversified in Your Portfolio?
Building an investment portfolio can be a frightening thing. As you work with a financial advisor to allocate your dollars towards various investment prospects, there is always a game of tug-of-war between the possible risk and...Read More
How Much Life Insurance Do I Need?
Buying life insurance is one of the best investments you can make for your loved ones’ financial future after you’re gone. Designed to cover your financial obligations after death, life insurance can make a major...Read More
What is Disability Insurance and Why Should I Have It?
While most people think of health insurance and life insurance when they consider protecting their assets, disability insurance is something that should not be overlooked in a comprehensive financial plan. Though your home and...Read More
When and Why You Need an Estate Plan
Estate planning is something that many of us are keen to put off until it is necessary, but many people do not realize just how necessary it is early on in life. While a will is the bare minimum, a comprehensive estate plan addresses...Read More
Qualifying for Public Service Loan Forgiveness
For many working to budget effectively and save for their future, student loan debt is one of the biggest obstacles they face. Because of high interest rates and low payment requirements, this is not just a problem that impacts people...Read More
An Action Plan for Repaying Student Loans After Medical School
For the majority of current and future physicians, the debt associated with pursuing medical school is one of the biggest detractors of the profession. In fact, 73% of students graduate from medical school with debt, and the average...Read More
Repayment Options for Medical School Loans
When you’re pursuing your education, the medical school loans you are accruing are a thought for the distant future—but once graduation rolls around and you begin to compare job offers and consider what your salary will be,...Read More
Strategies for Paying Off Medical School Debt
There are few negative things to be said about choosing a career in the medical field, but one that comes up time and time again is the prevalence and pervasiveness of the debt accrued in student loans. While student loan debt is...Read More
How Physicians Can Avoid the Need to Budget
How Physicians Can Avoid the Need to Budget Many physicians are no strangers to the necessity of scrimping and saving—after all, during the residency process, there are not many future doctors who have funds to spare. However,...Read More
How to Make a Budget For Your Dental Practice
While many people may not think of money management as an integral part of a dentist’s job, for those who are in private practice, they are all too aware of its importance. It is estimated that around 80% of dentists end up...Read More
How Much Does a Doctor Need to Retire?
Retirement is a huge life event for a number of reasons, especially for physicians who have had a fulfilling career and are wary about taking the leap into their next phase of life. On top of the general change that comes with...Read More
The Key to Unlocking Your Highest Income Potential in Retirement
No one wants to work forever, and most people work diligently to invest, plan, and save in order to retire as quickly as possible. As you work to build your nest egg, most do this with the assumption that it will all be theirs to...Read More
Smart Tips to Increase Your Credit Score
If you’ve ever applied for a loan, tried to finance a new car, or qualified for a mortgage, you know that your credit score has a big impact on nearly every element of your financial life. Any lender will look at your credit...Read More
What Are the 5 C’s of Credit?
In anything involving finance, you are likely to hear the word “credit” mentioned a lot. Credit is defined as, “the ability to borrow money or access goods or services with the understanding that you'll pay...Read More
Compound Interest and the Shadow You Can’t Outrun: Compound Taxes
When people set up accounts to save and invest their money, they are planning for two phases of their life: accumulation and distribution. It is a common recommendation that they take advantage of compounding interest—and in...Read More
6 Tips for Saving for College and Retirement At the Same Time
Let’s face it: saving money can be a difficult task. Especially when there isn’t a well-defined plan in place. And with so many goals and future events to plan for, where do you start and save for all-at-once? If you have...Read More