Blog

You Built a Valuable Business — Now Make Sure You Get Paid for It Whether you’re planning for a sale in 12 months… or someday down the road… the market doesn’t pay you for past effort. Buyers pay for future potential — scalability,...

October marks National Financial Planning Month, making it an ideal time for a financial health check-up. Just as you schedule annual medical exams, this month offers a natural opportunity to assess your financial situation,...

For many business owners, the word lobbying conjures images of massive corporations, backroom deals, or Washington insiders. But as Nicholas Prytherch recently explained on Business Talk with Meghan McNulty, lobbying is far more...

As the year winds down, many business owners are focused on finishing projects, closing sales, and planning for the year ahead. But this season also offers a unique opportunity: making a few well-timed financial decisions that can...

Success in business doesn’t always mean success at home. Many high-achieving entrepreneurs master the art of leading teams, closing deals, and making strategic decisions — yet struggle in their most important personal relationships....

Markets don’t move in straight lines — and neither should your portfolio. When stocks climb, it’s tempting to chase gains. When markets fall, the instinct is to pull back and protect. But reacting to short-term swings often leaves...

At Wealth Advisory Lab, we work with clients who’ve done a lot of things right. They’ve built successful businesses, maximized their 401(k)s, and accumulated meaningful investment portfolios. But the next step—turning that wealth into...

When most people hear the word “lobbyist,” they think of smoke-filled rooms in Washington, D.C., or big corporations pushing self-serving agendas. But the truth is, lobbying can be one of the most important tools a business owner has...

If you're a founder or executive approaching a transition — whether it's a slow step back or a full exit — you're not alone. I've seen firsthand how these moments can shape (or shake) a company’s future. While succession plans often...

You didn’t just build a business — you built a machine that created wealth, opportunity, and influence. Now you’ve stepped back. The balance sheet looks great. But the shift from active income to portfolio-driven wealth brings a...

For privately held business owners, market volatility isn’t just noise — it’s an opportunity. The right investment strategy can help you capture capital losses to offset taxable gains, diversify away from your concentrated business...

For many privately owned businesses, success is measured by top-line revenue and bottom-line profits. But what happens when the owner’s personal wealth is overwhelmingly tied to the fate of the business? It’s a hidden risk many...

If you've built a business, you’ve likely created more than just income—you’ve built something unique: a recognizable brand, a proprietary process, or even a product others wish they had thought of first. What many business owners...

In a recent episode of Business Talk, I had the chance to speak with intellectual property attorney Omid Khalifeh about something more business owners, physicians, and professionals should be paying attention to - protecting their...

What does unseating an eight-year incumbent have to do with running a business? More than you might think. Amber Hulse didn’t wait her turn. At just 27, she became one of the youngest legislators in the nation when she was elected to...

Privately held businesses—from growth-stage startups to long-established firms—have a wide range of opportunities to reduce their tax burden and protect their long-term financial health. By combining strategic estate planning with...

Entrepreneurship often starts with a spark — a conversation, an idea, or an unmet need. But turning that spark into a lasting, successful business takes strategy, adaptability, and a clear understanding of both financial and personal...

As devastating wildfires continue to impact communities across California, homeowners are facing another crisis—the shrinking availability of home insurance. Many insurers are pulling out of high-risk areas, leaving property owners...

Sound bookkeeping is essential for business success, but with the current CPA shortage, many entrepreneurs are struggling to find the financial support they need. On a recent episode of Business Talk with Meghan McNulty, professional...

Why Asset Protection Matters Building wealth takes years of hard work, but without the right protections in place, it can disappear in an instant. Lawsuits, unexpected tax liabilities, and financial mismanagement can threaten your...

As a business owner, you’re constantly making decisions, managing stress, and pushing for growth. But what if your energy, focus, and longevity were holding you back? In today’s fast-paced world, staying sharp, resilient, and healthy...

Like you, I’ve read a few unsettling headlines in recent weeks–which has led to some moving and shaking on Wall Street. First, we read that “Chinese Start-Up DeepSeek Threatens American Artificial Intelligence Dominance.” That led to...

Working with business owners is incredibly rewarding, especially when I have the opportunity to help them overcome common challenges such as scaling operations, navigating complex regulations, and building standout teams. Regardless of...

In my work, I’ve seen firsthand how sudden disasters can upend lives and businesses. Some of my clients have faced devastating losses—whether from wildfires, unexpected health crises, or other unforeseen events. The difference between...

You may have heard about the recently signed Social Security Fairness Act and wondered what it was and how it might affect you.The Social Security Fairness Act eliminates two longstanding provisions for Social Security: the Windfall...

As 2024 draws to a close, it’s an opportune moment to reflect on the key economic, geopolitical, and financial developments that have shaped America’s fiscal environment. Looking ahead to 2025, understanding these factors is crucial...

As a business owner, you've poured your time, energy, and passion into building a successful enterprise. But have you thought about what comes next? Transitioning from earned income to passive income is a pivotal step in securing your...

With election day over, many of my clients are reflecting on what this new leadership might mean for their financial future and the country. While elections can stir strong emotions, it's important to remember that, historically,...

In a recent episode of Business Talk with Meghan McNulty, I spoke with Jeremy Evans, a top attorney in sports and entertainment law, to share lessons that can benefit business owners across industries. As Founder of California Sports...

California’s CalSavers Retirement Savings Program continues to expand, impacting employers across the state. Recent legislation has brought smaller businesses into the fold, creating new compliance requirements for businesses with 1 to...

Stocks were essentially unchanged last week as geopolitical tensions added some volatility to an otherwise quiet trading week. The Dow Jones Industrial Average was flat (+0.09 percent), while the Standard & Poor’s 500 Index ticked up...

Disputes over trusts and estates can tear families apart, especially when complicated family dynamics, blended families, or accusations of undue influence come into play. In a recent episode of Business Talk with Meghan McNulty, I had...

In this dynamic investment landscape, finding strategies that both maximize returns and minimize tax liabilities is essential. While many investors are familiar with Separately Managed Accounts (SMAs), they may not fully appreciate the...

More than 71 million Social Security beneficiaries can expect a 2.5% cost of living adjustment (COLA) increase in 2025, based on the Q3 inflation data so far. In other words, the COLA will raise the average benefit by $48 to $1,968 a...

Election years, particularly presidential elections, traditionally come into focus after Labor Day. This is when many American voters become fully engaged with the process. With that in mind, I often get the question: “Politics aside,...

Life is an amazing journey full of challenges and triumphs. No matter where you are on the journey, preparing can be a key part of success. That’s why we are happy to remind you that September is Life Insurance Awareness Month. Life...

Recent developments in the housing market are making waves: 30-Year Fixed-Rate Mortgage Drops to 6.55% Lowest Rates in 15 Months Largest Weekly Reduction in Two Years Last Friday, Federal Reserve Chair Jerome Powell signaled a shift...

In the latest episode of Business Talk with Meghan McNulty, I had the pleasure of speaking with Drew Teicheira, one of Newport Beach’s foremost real estate experts. With an impressive track record of over $350 million in sales, Drew...

August is Make a Will Month, a time dedicated to strategizing for the future. You may have seen in the news that Aretha Franklin's loved ones are still caught in a legal battle due to the existence of multiple wills. The lesson from...

In the world of adventure travel, blending passion with entrepreneurship is no small feat. In the latest podcast episode of Business Talk with Meghan McNulty, she speaks with James Ebert, the visionary founder of Mountain Based, a...

The office was particularly busy last Friday. Many of you reading this were concerned about the computer outage that affected everything from travel to doctor’s offices to bank and investment accounts. It was a bit of a relief when...

Stocks were under pressure last week as investors appeared to rotate out of mega-cap tech stocks and into areas that may benefit from lower interest rates. The Standard & Poor’s 500 Index fell 1.97 percent, while Nasdaq Composite...

In this insightful episode of "Business Talk with Megan McNulty," we dive into the essential life skills that every business owner needs to cultivate within their teams to boost engagement and profitability. Join me as I speak with...

In the recent landmark case of Connelly v. IRS, buy-sell agreements were examined, specifically how the proceeds of a life insurance policy in a buy-sell agreement were treated. Here's what you need know and how to minimize the court’s...

In a recent episode of "Business Talk," I had the opportunity to speak with lobbying expert Jessica Lycos and explored the pivotal role of lobbying in shaping legislation that directly impacts businesses. Contrary to misconceptions,...

In the final days of 2022, Congress passed a new set of retirement rules designed to facilitate contribution to retirement plans and access to those funds earmarked for retirement. The law is called SECURE 2.0, and it is a follow-up to...

I had the pleasure of speaking with Cody Cerny, whose career highlights nine years in the US Air Force, excelling in combat search and rescue and earning the title Pararescueman of the Year in 2014. Transitioning to civilian life, he...

Stocks rose last week despite conflicting stories from economic reports. The Dow Jones Industrial Average inched up 0.29 percent while the Standard & Poor’s 500 Index powered ahead 1.31 percent. The Nasdaq Composite led, picking up 2...

In our latest episode of Business Talk, host Meghan McNulty sits down with Councilmember Lauren Kleiman of Newport Beach to tackle the pressing issue of homelessness. Join us as Kleiman, a seasoned advocate for community betterment,...

Stocks notched a solid gain last week in a mega-cap, tech-led rally bolstered by positive inflation news. Dow 40,000 The week began quietly as market averages traded in a tight range, awaiting fresh inflation news. On Tuesday, markets...

Since its passage in 2020, Proposition 19 has stirred significant controversy, primarily because it drastically altered California's property tax laws. These changes have profound financial implications for all property owners,...

Homeownership in California comes with its unique set of challenges, especially when it comes to protecting your investment. In a recent podcast episode, my guest Daniel Gonzales-Hatton and I delved into the complexities of homeowners...

How will your IP work for you in your retirement and beyond? In 2023, the music industry witnessed a groundbreaking shift, as iconic bands like ABBA, KISS, and the Beatles embraced the digital frontier. These legendary acts showcased...

As the Tax Cuts and Jobs Act sunsets existing estate tax exemptions by the end of 2025, adopting a wait-and-see approach may exert additional stress on the system, preventing many from accessing the assistance they need to adjust their...

When traditional mortgage programs hit roadblocks, where can buyers turn? Join me, [Your Name], as I sit down with Nicholas Natale, Founder, CEO, and Principal of Trust Home Financial, to uncover the diverse landscape of mortgage...

When you lose a spouse, partner, or parent, the grief can be overwhelming. In the midst of that grief, life goes on. There are arrangements to be made, things to be taken care of – and in recognition of this reality, here is a...

My guest Genene Dunn and I cover the gambit when it comes to probate.  From celebrity cases to high-profile conservatorships, we break down the complexities of probate litigation and estate planning in plain language. Shedding...

Key Takeaways Despite sharing money management duties, only 19% of women feel very confident in their ability to retire comfortably. Compound interest may be one of the greatest secrets of smart investing. And time is the key to making...

Economists describe a Goldilocks economy as one that’s not too hot and not too cold; it’s just right. And 2024 is starting to feel just right. When the Fed started to raise short-term interest rates in early 2022 to rein in inflation,...

Join me as I speak with Brandon H. Wheeler, founder of the Freedom Research Foundation.  In this episode we discuss strategic global business approaches and emphasize the importance of adapting to diverse cultures and aligning...

On financial websites, you may read, "First-quarter corporate reports were better than expected.” And that’s true. So far, 73% of Standard & Poor’s 500 companies have reported actual Q4 earnings per share above estimated earnings per...

Having provided guidance to many clients with their estates, few topics are as critical and uncomfortable to discuss as planning for the significant financial commitment of raising a special needs child. Support can be easily approach...

In this edition of Business Talk, our featured guest, James T. (Jim) Byron, President, and CEO of the Richard Nixon Foundation, takes us on an enlightening journey through the American Civics Campaign. Together, we delve into the...

This week, I have the privilege to interview Antonella Castro, the chairwoman of the Newport Beach Foundation, trustee for the Newport Beach Library as well as accomplished Lawyer and committed mother, about her involvement in...

In a traditional recession, the entire economy experiences a decline in economic activity, including factors like reduced consumer spending, decreased business investments, and rising unemployment rates.  With “rolling...

Embark on a compelling journey with Meghan and the esteemed Dr. Nikan Khatibi, a highly regarded anesthesiologist, pain management, and addiction specialist. Together, they delve into pressing social challenges confronting communities,...

In the midst of an extraordinary wealth transfer from one generation to the next, our society is witnessing a transformation that challenges traditional notions. This shift involves trillions of dollars moving from baby boomers to...

Join Meghan and Janani S. Rana, an accomplished family law attorney with 14+ years of expertise, as they unravel the complexities of asset division in divorce, particularly when significant business ownership is involved. Explore the...

Have you ever had to deal with a "white elephant"? Not the actual pachyderm, but what Merriam-Webster calls "a property requiring much care and expense yielding little profit" or, more simply, "something of little or no value." Of...

Dive into the intricacies of healthcare and estate planning with Meghan and seasoned elder law attorney, Larry Copenbarger! In this episode, they unravel the complexities of Medicaid, Medicare, and practical strategies to shield your...

Join Meghan in this episode as she explores the world of intellectual property with Rey Barceló, an expert in patent law. They discuss trademarks, copyrights, and patents, demystifying the key differences and the importance of...

The phenomenon of the "Boomerang Generation" has gained attention in recent headlines as young adults increasingly find themselves returning to their parents' homes. This trend is not merely a lifestyle choice but a response to a...

In this episode, Meghan and her guest, Liz Carlson, engage in a thought-provoking discussion, shedding light on the importance of property management for property owners and the dynamic real estate market in Southern California. ...

 As we approach the conclusion of 2023, get ready for big changes and 2024 will be the year to prepare.  What’s Changing The Tax Cuts and Jobs Act of 2017 significantly increased the federal gift and estate tax basic...

Background Traditionally, Medi-Cal had strict income and asset limits. However, the Affordable Care Act in 2014 removed asset limits for most applicants. Before July 1, 2022, seniors and individuals with disabilities faced low asset...

In this episode, Meghan, and her guest, Anuita Varma have an enlightening conversation that equips business owners with the knowledge and understanding they need to navigate the intricacies of employment law and protect their...

Wealth management has traditionally been a personalized, relationship-driven field that relies on human expertise and experience to help individuals and institutions grow and protect their financial assets. However, the advent of...

Stocks ended mixed last week amid the outbreak of hostilities in the Middle East and higher-than-expected inflation data. The Dow Jones Industrial Average gained 0.20%, while the Standard & Poor’s 500 rose 0.45%. But the Nasdaq...

Managing your estate and designating beneficiaries are essential aspects of financial planning and securing your legacy. However, it's equally important to conduct regular reviews of your estate plan and beneficiary designations to...

In recent years, the world has witnessed an increase in the frequency and intensity of natural disasters, ranging from hurricanes and earthquakes to wildfires and floods. These unforeseen events can wreak havoc on businesses of all...

For the average investor, the financial landscape can feel limiting, with access to only certain types of investment opportunities. However, what many successful individuals may not realize is the expansive opportunities that exist as...

There is quite a bit of information published when it comes to some of the financial mistakes that plague start-ups, family businesses, corporations, and charities. But are there classic financial missteps that impact retirees? ...

Estate planning for blended families can present unique challenges due to the complex dynamics and relationships involved. Blended families typically involve individuals who have remarried and brought children from previous...

What is it?A sale-leaseback is a transaction where one party sells property to another party who then immediately leases the property back to the first party. A gift-leaseback is a transaction where one party gives property to another...

What is a valuation discount?Reduction in taxable value of minority interestThere is a significant difference between what a business is worth as a whole and what a percentage of the business is worth. If you own 100 percent of a...

What is it? A family settlement, also known as a family arrangement or family settlement agreement, refers to an agreement reached among the members of a family to resolve disputes or allocate assets in a fair and mutually...

In 2010, legislators passed the 2010 Tax Act, which included new gift, estate, and generation-skipping transfer (GST) tax provisions.  Increasing to $5 million in 2011 (indexed annually...

When to start planning?As a business owner, you're going to have to decide when will be the right time to step out of the family business and how you'll do it. There are many estate planning tools you can use to transfer your business....

 What are the tax consequences if a business generates income or loss? When a business generates income or loss, the tax ramifications for the business and the business owner will depend on the type of business entity selected....