Resources

How Rising Interest Rates Could Affect Your Portfolio Allocation in Retirement

June 13, 2022

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 […]

Market Conditions We Haven’t Seen in 40 Years

May 25, 2022

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 […]

family enterprise

Create a Sustainable Family Enterprise in a Post-pandemic World

January 7, 2022

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 […]

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Why You Need Your Own Personal Purposeful Plan Independent of the Family Enterprise

November 29, 2021

“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 […]

silhouette of tree against cloudy sunset skyline

When Enterprise and Family Needs Compete

October 11, 2021

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 […]

family business

Life 2.0: What Will You Do After You Hand Down the Family Business?

September 17, 2021

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 […]

physicians and money

5 Questions Mid-life Physicians Must Answer to Secure Their Financial Future

July 26, 2021

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 Talent

Mining Family Talent to “Fund” the Family Enterprise

July 12, 2021

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 […]

three gentleman sitting at a table taking notes

How to Manage Family Liabilities for Generational Wealth Building

June 15, 2021

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 […]

people sitting around a campfire in the woods

How do you Measure Your own Wealth? Consider the 6 Elements of Wealth

May 28, 2021

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 […]