I found this article this morning, I thought the picture said a 1,000 or more words: https://www.visualcapitalist.com/top-sp-500-stocks-by-annual-returns/ What do you see from this picture?

How often do you find yourself doing unpaid work? This work sneaks in when you answer a client’s quick question or take 10 minutes to fill out some extra forms. Or maybe you look up information as a favor or help a good client get their paperwork in order. These one-off things keep your clients happy and successful, but they eat up a lot of time. You don’t want to tell clients “no,” but you want payment for your time. So what’s the solution? One option is to change your billing structure. Many accountants charge annual tax prep or monthly bookkeeping fees, and charge by the hour for miscellaneous items. But as we said earlier, you don’t usually want to charge clients for 10-15 minutes of work. It feels petty, and they don’t appreciate it either. It also makes clients less likely to contact you with questions or issues, leading to nasty surprises and rework down the road. But what if instead of an hourly rate, you charged clients a monthly fee for tax planning? You’d explain that this fee covers access to your time throughout the year for questions, advice, and one-off work that comes up. You could also build audit protection into this monthly fee. As a bonus, tax planning is much more lucrative than most tax prep activities. You can charge more because you save clients money. You assist with smart structuring year-round rather than just seeing which deductions they qualify for at year’s end. Clients will appreciate the extra value and service. Finally, partnering with a designated tax planning firm could increase the scope of services you offer clients. For example, our company partners with CPAs to provide sophisticated, customized tax reduction strategies to their best clients. Options like this give you the chance to increase your value exponentially. When it comes down to it, wouldn’t your best clients be happy to pay you more a bigger yearly tax reduction? Put us to the test without cost or obligation. Contact us today to begin your tax advisory journey with the team Redwood Tax Specialist.

Why we feel our Free Community is invaluable The Invaluable Significance of Connecting to an Established Professional Network. The profound importance of connecting to an existing professional network that has been cultivated over years of dedication, perseverance, and relationship building. In an era characterized by rapid globalization and technological advancements, individuals and businesses alike must recognize the immense value offered by established networks. This paper delves into the advantages of such connections, highlighting their potential for career growth, knowledge sharing, collaboration, and access to opportunities. Furthermore, it emphasizes the need for strategic networking strategies to maximize the benefits of these networks. Introduction In today's interconnected world, success is often contingent upon the strength and depth of one's professional relationships. Established professional networks, built over a significant period, provide a unique advantage that cannot be easily replicated. This paper aims to shed light on the importance of connecting to such networks and the tangible benefits they offer. The Power of Trust and Credibility An established professional network is built upon a foundation of trust and credibility. Over years of interaction, individuals within the network have developed a deep understanding of each other's skills, expertise, and integrity. This reservoir of trust not only facilitates smoother collaboration but also enhances one's professional reputation and credibility within the industry. Amplifying Opportunities Connecting to an existing professional network unlocks a world of opportunities. Partnerships, revenue engagements, and mentorship prospects often circulate within such networks. Access to these opportunities provides a significant advantage over competitors, enabling individuals to accelerate their company growth and professional development. Knowledge Sharing and Continuous Learning Professional networks function as dynamic ecosystems, fostering a culture of knowledge sharing and continuous learning. By connecting with industry experts and peers, individuals gain access to a wealth of insights, best practices, and innovative ideas. The collective wisdom of the network enhances problem-solving capabilities and broadens perspectives, contributing to personal and professional growth.

I had a terrifying experience yesterday coming home from a nice Sunday drive and lunch at King Vineyards outside Charlottesville. Beginning the drive on 64 up Afton Mountain I was passing an 18 wheeler when I began to pass out while driving. I had a persistent cough that just got away from me and I started fading out. Jeni was very alarmed but I could do nothing. The one thing I did was took my foot off the gas. I was able to recover and missed the big rig by millimeters! I was able to pull over and make sure I was ok before we started home. Syncope runs in my family with my Dad and older sister. The only time I ever experienced anything similar was with family game night some 16 years ago when I laughed so hard I totally Blacked out for 5 or 6 seconds. IT led me to say I would not mind if I died laughing since it was so painless. But a high speed wreck on a highway with my beloved wife of 41 years beside me is something to cause fear in anyone. So it's off to see my doctor today and make sure I check out healthy. That was the scariest moment of my life yesterday! I am so glad to be alive and unharmed and for this I thank God and God alone!

Every heard of that term....it means All Available Assets. Many advisors call themselves holistic, but really they don't utilize all available assets in their plan. Are you an advisor who only looks at what's in the client's hand and pockets but not what's stored in their closets? There is an asset that 90% of clients have and yet 95% of advisors are afraid to utilize when doing planning for a client. What is that tool - it's a HECM (Home Equity Conversion Mortgage). Numerous Economists and Financial Experts have proven that this tool will help (not hurt) over 90% of retirees. I found this picture today that will help you get an idea of how it can be a tool to utilize if you want to be a true holistic advisor.