Financial Planning and Money Management
Financial Planning and Money Management
Kon Litovsky
Get the straight facts about: -Retirement plans -Investment strategies -Investment products -Fees and anything else that is rarely discussed by the financial industry.

Posted 12/3/2017 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 25
Your CPA informs you that profits for the year will top expectations, and that you should start thinking about using a retirement plan to shelter some of that income from taxes because you will be in the highest federal and state. After doing some research, you find that there are two types of...  Read More
Posted 3/22/2017 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 49
Reduce your practice retirement plan cost (and improve the service quality all at the same time):   Read More
Posted 1/24/2017 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 34
If you are going to set up a 401k or a Cash Balance plan, should you hire an ERISA 3(38) fiduciary for your plan? The following article has the answers:   Read More
Posted 1/24/2017 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 157
Ever wonder what your retirement plan total cost over time is? If you have an asset-based fee component, the cost of your plan will increase exponentially, and eventually you will be paying significant money for nothing. You can estimate the actual cost of your 401k and/or a Cash Balance plan over...  Read More
Posted 11/8/2015 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 497
At first glance, the only difference between small practice and large company retirement plans is the number of participants. Everything else would seem to be identical – both plans have a Third Party Administrator, a record-keeper, a custodian, an investment adviser, mutual funds,...  Read More
Posted 8/11/2015 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 149
Retirement plans for solo owners (no non-spouse employees) and contractors: - See more at: http://www.dentaltown.com/Dentaltown/Blogs.aspx?action=VIEWPOST&b=143&bp=2572#sthash.OatIFcZT.dpuf Retirement plans for solo owners (no non-spouse employees) and contractors: - See more at:...  Read More
Posted 8/9/2015 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 76
My QuantiaMD presentations on retirement plans for small practices with important information that very few plan providers and vendors will ever share with you before you start a small practice plan (audio + slides, 15 minutes): http://quantiamd.com/player/ygrmdgmtk?cid=1467  Read More
Posted 7/11/2015 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 237
Here's everything you ever wanted to know about retirement plans, whether you are an employee, contractor or a practice owner. 1) Retirement plans for employees (hospitals, universities, other practices): 2) Retirement plans for small practice owners: 3) Retirement plans for solo...  Read More
Posted 7/1/2014 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 1808
It is part of human nature to avoid disturbing something that works well: “if it ain’t broke – don’t fix it”. While this can be a sound rule of thumb, when applied to retirement plans, it is exactly the opposite: if you haven’t had your plan reviewed by an...  Read More
Posted 3/8/2014 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 3687
As your revenues and profits increase, so do the taxes you pay on your earnings. If you are considering opening a retirement plan for your business to minimize taxes, you are on the right track. There are three major reasons for opening a retirement plan: Provide a valuable perk to your...  Read More
Posted 1/31/2014 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 5249
Whether you are a do-it-yourself investor or you work with an adviser, there are several basic principles you should be aware of that can help improve your investment performance. Even though many of these are considered ‘common sense’ by those who are educated about investing, not...  Read More
Posted 1/14/2014 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 3880
Many bundled 401(k) plans offered to small practices can have very high fees, which include mutual fund fees and other asset-based fees. Fees average about 1.5% but at the high end of the spectrum fees can be as high as 4%. These AUM (assets under management) fees always grow as your account...  Read More
Posted 1/9/2014 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 4965
When we talk about retirement plans, specifically the 401k plans, we always have in mind participant-directed plans in which all plan participants get their own personal account and are responsible for managing their own investments. It turns out that participant-directed plans aren’t the...  Read More
Posted 1/3/2014 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 5410
Fiduciary liability and hiring a fiduciary to run your plan The best way to help yourself and your employees achieve better investment results is to offer individualized investment advice. When hiring an adviser for your plan, there are several things to keep in mind: 1) A...  Read More
Posted 12/26/2013 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 5766
Hedge funds, managed futures, commodities, private placements, oil and gas exploration, non-listed REITs…what do all of these have in common? The sellers usually claim that their product will provide the necessary diversification for your portfolio. They claim they have numbers to prove...  Read More
Posted 12/23/2013 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 5378
This chart can put everything in context: Figure 1. Missing ten best days. All this says is that markets are extremely risky, with majority of gains and losses coming in a very short period of time. So anyone planning to retire and make withdrawals better manage risk, or...  Read More
Posted 12/17/2013 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 6  |   Views: 7055
Whether you have student loans, practice loans or a mortgage, one of the most common questions asked is whether it makes sense to pay out your loans early. Opinions always vary. Some say you should repay your loans quickly. Others say invest your money in stocks instead. Does your loan interest...  Read More
Posted 10/18/2013 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 1  |   Views: 7372
Whether you have an existing plan, looking to open a new plan or upgrade the plan you already have, there are four things you need to consider that can significantly improve the quality of your plan: having the right plan design, minimizing plan cost, managing your fiduciary liability as a plan...  Read More
Posted 10/3/2013 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 1  |   Views: 6763
Majority of today’s advisers, whether they are fee-only (that is, they are paid only by the client, not by third parties for selling products), or fee-based (having a mix of fees and commissions from product sales) are compensated by charging a percentage of assets under management (AUM)...  Read More
Posted 10/3/2013 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 0  |   Views: 5848
Since the crash of 2008, many investment advisers and financial commentators pronounced that 'buy and hold' is dead. At the lowest point, the S&P500 fell as much as 50%, and even today most portfolios never recovered from the fall experienced by domestic and international markets, which...  Read More
Posted 9/27/2013 by Kon Litovsky in Financial Planning and Money Management   |  Comments: 4  |   Views: 7422
So you are now ready to open a retirement plan for your business. Whether you are looking to minimize taxes or provide a valuable perk to your employees, there are many different choices available depending on what you are trying to accomplish. Which plan should you open? SEP IRA? SIMPLE IRA?...  Read More

Total Blog Activity

778
Total Bloggers
7,883
Total Blog Posts
2,048
Total Podcasts
941
Total Videos

Sponsors

Townie Perks

Site Help

Sally Gross, Member Services
Phone: +1-480-445-9710
Email: sally@farranmedia.com

Follow Dentaltown

Mobile App

WITH DENTALTOWN . . . NO DENTIST WILL EVER HAVE TO PRACTICE SOLO AGAIN®

WWW.DENTALTOWN.COM - WHERE THE DENTAL COMMUNITY LIVES®

9633 S. 48th Street Suite 200 • Phoenix, AZ 85044 · Phone: +1-480-598-0001 · Fax: +1-480-598-3450
©1999-2018 Dentaltown, L.L.C., a division of Farran Media, L.L.C. · All Rights Reserved