From their double-digit highs in the 1980s, interest rates have been on a long and steady decline, reaching historic lows the last couple of years. This has been great news for anyone purchasing a home or taking out a loan, but especially for investors holding bonds. This is because bond values have an inverse relationship […]
Is the Venerated 60/40 Portfolio Too Risky Right Now? Much has transpired over the past weeks and months that have investors potentially bracing for a recession. Not only has the Fed started raising interest rates to combat inflation, but the market briefly entered into bear market territory on May 20th, 2022 when the S&P 500 […]
As we embark on 2022 and beyond, family enterprises have the opportunity to re-imagine why and how they do business. With purposeful planning, many constructive ways exist to move forward from where you are today to create a sustainable family enterprise in a post-pandemic world. To set perspective for the future it helps to take […]
“You’re invested in the family enterprise. Invest in your personal purpose, too.” ~ Aggie Johnson, WillKate Founder When you look ahead and imagine your own retirement, the first place your mind likely goes is to the family enterprise. What will my succession plan look like? Will that change as I approach my retirement date? How […]
When Steve and Paulette Hohn of family business MDS Manufacturing started looking at life after the business that’s been central to their lives for 40 years, they knew they needed help to make a story out of the money. Spurred by a Prairie Family Business Association live case study in 2017, the Hohns worked with WillKate […]
After years of planning and successor grooming, the day will finally come when it is time to pass the baton of the family business into the hands of the next generation. Undoubtedly this transition will elicit a host of competing emotions from pride to fear and excitement to anxiety. But not simply because you’ll be […]
As our lives and careers evolve, so too do our financial situations. This is especially true of physicians whose careers demand ongoing attention to more complex financial needs. Early in their careers, physicians tend to struggle with sizeable student debt while simultaneously trying to start a family or a practice, or both! At this stage, […]
Family is at the heart of creating a wealth-generating enterprise, and the human talent within the family is the most powerful investment and opportunity any one family has in achieving this mission! Of course, measuring the value of any single family member’s potential contribution to the enterprise may seem hard to quantify, but should certainly […]
In financial terms, assets and liabilities compete against one another in terms of the business’s balance sheet. Assets are items a company owns that provide economic benefit, while liabilities are financial obligations that detract from the total assets. Generally speaking, assets include receivables or revenue from income, investments, inventory, and equity, while liabilities are otherwise […]
One of the most important topics we discuss with our family enterprise clients is how they measure their wealth. On the surface, this seems simple. The answer is just a matter of crunching some numbers. But when we dig deeper, there is truly so much more that defines a sense of wealth beyond the traditional […]