Mike Jaczko - Max Bearisto
ARTICLES BY THIS AUTHOR
11/23/2021
Funding long-term care costs - the retirement issue we aren’t talking about
Over the past several years we completed a plethora of strategic wealth plans for pharmacy owners contemplating retirement. As people age, the likelihood of requiring some form of supportive care either at home or in some kind of long-term facility increases.
11/16/2021
It's year-end tax cleanup time for your pharmacy business!
Tax-loss selling is an investment strategy that can lower your tax bill. Interested in knowing more? Does this apply to your pharmacy business? Read on.
11/09/2021
Pharmacy U presenters Jaczko & Beairsto: Hemingway provides a lesson for pharmacists
The state of the union for current pharmacy owner finances, both personal and corporate, is best described as being a mix between “For Whom the Bell Tolls” and “The Sun Also Rises.”
11/02/2021
Pharmacy U presenters Jaczko & Beairsto: When should you transfer wealth to your kids?
Given that many independent pharmacy owners are in a position to gift money to their children, the question invariably becomes: who, why, how much and when?
10/19/2021
Planned and unplanned exits: Beware the 4 Ds!
When your exit plan takes a detour – look out for the 4 Ds. The long-term goal of most pharmacist-owners is retirement. It is the significant component of an exit strategy and the most common reason for selling their pharmacy. But, in the real world, events do not always follow our best-laid plans.
10/12/2021
TFSAs – Important technical info
What's the difference between a survivor holder (also known as successor holder) and beneficiary? Canadian pharmacy owners and pharmacists in general should be aware of an important wrinkle associated with Tax-Free Savings Account administration.
10/05/2021
Educating the next generation of pharmacy family members
As many readers know, we have a passion for preparing the next generation of pharmacy owners and investors.
09/28/2021
Are you ready for your pharmacy business exit?
Exiting your business is not unlike having a pilot jump out of an aircraft mid-flight. To say the least, it’s going to give everyone involved a bit of anxiety.
09/14/2021
Take the guesswork out of your retirement
Whether we acknowledge it or not, we all have a nagging little voice in the back of our heads that goes around and around wondering whether we currently have enough money to retire and if so, can we continue to enjoy the lifestyle we have come to expect?
09/07/2021
Take a lifecycle planning approach to your pharmacy business
No business remains the same over the course of its lifetime, from startup to exit. This is certainly true of a pharmacy business where a pharmacist will often progress from being an employee to becoming an owner and then selling the practice to another pharmacist.