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# MKD Wealth

## Sitemaps
[XML Sitemap](https://mkdwealth.com/sitemap_index.xml): Includes all crawlable and indexable pages.

## Posts
- [Trump Accounts for Children: What Wealthy Families Really Need to Know](https://mkdwealth.com/section-530a-trump-accounts-children-wealthy-families/): Trump accounts, created under the One Big Beautiful Bill Act (OBBBA) and officially known as Section 530A accounts, have generated significant attention. The focus is largely on the federal government's $1,000 contribution for young children and the appeal of starting to invest at birth. Those features are worth understanding; but, for families already engaged in multi-generational planning, the more important question is a familiar one: does this tool improve upon what you already have in place?
- [Lifespan, Healthspan and Your Wealth Plan](https://mkdwealth.com/lifespan-healthspan-wealth-plan/): Special credit and thanks to Dalton Greyerbiehl, PT, DPT, physical therapist and owner of MVPT Physical Therapy in Bloomfield Hills, MI, whose insights on physical health and aging formed the foundation of this article. Dalton presented these concepts to our team to help us expand our perspective for ourselves and our clients. 
- [Are You Planning for the Lifetime of Your Wealth or Just Your Lifetime?](https://mkdwealth.com/how-to-prepare-heirs-to-inherit-wealth/): There's a shift that happens for the most intentional wealth creators: a quiet but profound reorientation in how they think about everything they've built.
- [Why Vision and Values are the Real Foundation of Wealth Management](https://mkdwealth.com/vision-values-wealth-management-entrepreneurs/): Take ten seconds and ask yourself a question:
- [What is a Reliable Balance Sheet and do You Actually Have One?](https://mkdwealth.com/what-is-a-reliable-balance-sheet/): You've worked hard and built real wealth. When you review your balance sheet, you look financially successful. And you probably are.
- [Why Successful Entrepreneurs Pay Too Much in Taxes](https://mkdwealth.com/why-successful-entrepreneurs-overpay-taxes/): If that cycle sounds familiar, it's not because you're doing anything wrong. It's because what you have isn't a tax strategy. It's tax compliance. And compliance, no matter how well executed, is not the same thing.
- [8 Investment Mistakes Wealthy Investors Make and How to Avoid Them](https://mkdwealth.com/investment-mistakes-wealthy-investors/): Below are eight common investment mistakes along with practical ways to stay disciplined, diversified, and prepared for a range of outcomes.
- [Exit Planning for Entrepreneurs: Risks That Lead to Seller’s Regret (and how to Avoid Them)](https://mkdwealth.com/exit-planning-for-entrepreneurs-risks/): Most entrepreneurs picture their exit happening on their terms:  when they’re ready, at the right valuation, and with a clear sense of purpose for what comes next. Yet a striking statistic tells another story. According to the Exit Planning Institute’s 2023 National State of Owner Readiness Report, which references PwC-conducted research, as many as 75% of former business owners report significant regret within a year of selling, often unrelated to the financial outcome.
- [2026 Financial Planning: Retirement, Taxes, and Key Decisions to Review Now](https://mkdwealth.com/2026-financial-planning-updates/): With the new year underway, it is the perfect time to take a look at your financial plan and determine what proactive changes you can make in 2026 to help improve your annual financial picture and longer term outcomes.
- [MKD is a “J Culture” — What Does That Mean for You?](https://mkdwealth.com/mkd-j-culture-myers-briggs-kolbe-follow-through/): At MKD, we often say that we have a “J culture.”
- [“My Office Feels Like Family,” and I Finally Believe it](https://mkdwealth.com/company-culture-family-team/): Culture is one of those words that gets thrown around a lot.  It is overused, under defined, and often underutilized. But when it’s done right, it’s magic. And here, it’s real.
- [Intrapreneurship: The Hidden Powerhouse Inside Your Business](https://mkdwealth.com/intrapreneurship-business-leadership-eos/): That’s intrapreneurship. And it's one of the most under-recognized, under-leveraged assets in many companies.
- [The Power of the “Average” Investor](https://mkdwealth.com/investment-investor-average-approach/): “A genius is the man who can do the average thing when everyone else around him is losing his mind.” — Napoleon Bonaparte
- [Your Personal Wealth Needs an Integrator (and it Shouldn’t be You)](https://mkdwealth.com/entrepreneur-personal-wealth-needs-an-integrator/): As an entrepreneur, you know how to do it all—because for a while, you had to. In the early days, you were the business: sales, marketing, operations, finance, HR, even janitor. You wore every hat and solved every problem.
- [Cybersecurity for High-Net-Worth Families and Entrepreneurs: Part 2](https://mkdwealth.com/advanced-cybersecurity-hnw-families-entrepreneurs/): Welcome to Part 2 of our cybersecurity series. In Part 1, we covered the fundamentals of cyber hygiene—everything from password management to securing your devices and inner circle. Now, we shift our focus to more advanced strategies that address emerging threats and help you plan for the unexpected.
- [Cybersecurity for High-Net-Worth Families and Entrepreneurs: Part 1](https://mkdwealth.com/cybersecurity-high-net-worth-families-entrepreneurs/): At MKD Wealth, we believe protecting wealth goes far beyond managing investments; it includes safeguarding your digital footprint. In this first article of a two-part series, we’re sharing five fundamental cybersecurity strategies to strengthen your personal defenses and reduce your vulnerability to cyberattacks.
- [Why Entrepreneurial Wealth Often Breaks Down Across Generations](https://mkdwealth.com/how-entrepreneurs-can-avoid-wealth-destruction-across-generations/): You’ve worked incredibly hard to build your business and accumulate wealth. But here’s something you may not have thought much about: what happens to that wealth after you’re gone?
- [Entrepreneurs and Wealth: Why the Skills That Made you Successful in Business can Hurt you in Investing](https://mkdwealth.com/entreprenuer-skills-hurt-investing/): If you're an entrepreneur, you're used to handling uncertainty. You have taken risks, made quick decisions, and poured your energy into growing something from nothing. Those instincts have likely served you well in business—but they can become a liability when applied to personal investing.
- [Building Your Advisory Team:  Who Not How](https://mkdwealth.com/building-your-advisory-team-who-not-how/): At MKD Wealth, our leadership team recently read Who Not How by Dan Sullivan and Dr. Benjamin Hardy. The book centers on a powerful idea that resonates deeply with entrepreneurs: rather than constantly asking “How can I get this done?” the more productive and liberating question is, “Who can help me achieve this?”
- [Why Entrepreneurs Need a Family Office: a Smarter Approach to Wealth Management](https://mkdwealth.com/entrepreneurs-family-office-wealth-management/): At MKD Wealth, our Family Office for Entrepreneurs is built to do exactly that. If this approach resonates with you, let’s talk about how we can support your vision—while you focus on what matters most.  Schedule a call with us today.
- [Healthy Growth in Business and Life: Embracing Change as an Entrepreneur](https://mkdwealth.com/healthy-growth-entrepreneur-life/): If you’ve ever thought, Once I sell my business, I’ll finally be free or Once I hit $20M in net worth, I’ll be satisfied, it’s time to reassess. These statements reflect the arrival fallacy—the mistaken belief that reaching a milestone will bring lasting happiness or fulfillment. Instead, true satisfaction comes from continually growing, learning, and contributing in meaningful ways.
- [Financial Fitness: Train Your Wealth Like Your Body](https://mkdwealth.com/financial-fitness-train-your-wealth/): When we think about fitness, we often focus on physical health—building strength, endurance, and flexibility. But have you ever considered that financial health follows many of the same principles? Just like a strong body requires consistent effort and a personalized plan, financial success demands discipline, strategy, and long-term commitment.
- [Living Your Legacy vs. Leaving a Legacy: How to Start Now](https://mkdwealth.com/living-your-legacy/): When most people think about their legacy, they envision something left behind: a financial inheritance, a thriving business, or cherished family traditions passed to the next generation. But what if your legacy could be something you live, not just leave? This question has shaped how we work with clients to align their business, family, and financial goals.
- [2025 Tax & Retirement Changes: Why Proactive Financial Planning Matters](https://mkdwealth.com/tax-retirement-planning-2025/): One of the biggest financial uncertainties in 2025 is the fate of the Tax Cuts and Jobs Act (TCJA). Many of its provisions are set to expire at the end of the year, which could lead to significant tax changes affecting income brackets, business deductions, and estate planning. While the final outcome remains unknown, taking steps now can help you prepare for different scenarios.
- [A Different Kind Of Conversation](https://mkdwealth.com/a-different-kind-of-conversation/): We hear words like "legacy" and for many of us, we wonder what ours might be. Life is too short to spend time simply thinking about it… our actions will tell our stories. Can our footprints and fingerprints leave an indelible impression on the world around us? You decide.
- [The Debt Ceiling Distraction](https://mkdwealth.com/the-debt-ceiling-distraction/): We believe the debt ceiling is more distraction than anything else for long-term investors. Why?
- [Market Outlook Discussion – January 2023](https://mkdwealth.com/market-outlook-discussion-january-2023/): Discussing the 2023 market outlook, Wealth Coaches Joe Mackey and Nathan Bohannon are joined by Joe Cortese, Partner and Senior Consultant with our research partner firm, Fiducient Advisors.
- [Bear Hunting](https://mkdwealth.com/bear-hunting/): As decisively as markets closed down in September, they rebounded in October with equal gusto, seemingly continuing in November so far as well. With that in mind, we offer some context and a framework for how the market can bottom and what it means for us as investors...
- [The Bear Market Field Guide](https://mkdwealth.com/the-bear-market-field-guide/): There is nothing enjoyable about market corrections and/or recessions. They create fear, anxiety and uncertainty. Perspective can go a long way to successfully navigating these periods, uncomfortable and difficult as they may be. Outlined below is some enduring wisdom we can share...
- [Market Update Discussion – May 2022](https://mkdwealth.com/special-market-review-may-2022/): Discussing recent market volatility and the outlook ahead, Wealth Coaches Joe Mackey and Nathan Bohannon are joined by Joe Cortese, Senior Consultant with our research partner firm, Fiducient Advisors.
- [Special Market Review – February 2022](https://mkdwealth.com/special-market-review-february-2022/): 2022 started with a thud and plenty of market moving headlines. Omicron, inflation and the Federal Reserve, among other topics, weighed on the minds of investors. Most major indexes sold off with some crossing into a technical correction. Such a pullback is not uncommon in equity markets. Since 1980, the median intra year draw down in the S&P 500 is 9.3 percent, yet the median annual return is 13.6 percent.2 Additionally, fixed income markets pulled back over the period as investors weighed new information from the Fed.
- [Confusion in the World of Auto Insurance – How Changing Regulation Impacts High-Net Worth Families](https://mkdwealth.com/confusion-in-the-world-of-auto-insurance-how-changing-regulation-impacts-high-net-worth-families/): While we don't deal with insuring vehicles and property at MKD, we've been scratching our heads trying to understand all the new regulations that came out around auto insurance in Michigan. The changes are significant, so we asked our friends over at Baker-Hopp & Associates to break it down for us, and here's what Gretchen Hopp Doyle, their president, put together.
- [Making Your Charitable Gift a Reality](https://mkdwealth.com/making-your-charitable-gift-a-reality/): In our series we have discussed how to determine if you can afford to be charitable, and if so, how to consider those things that provide you with your Charitable Aspirations. In this article, we consider how to go about making your charitable gift a reality.
- [Charitable Aspirations](https://mkdwealth.com/charitable-aspirations/): In our last article, we discussed how one can determine if they can be charitable. Once you have done the analysis to determine what assets and cash flow you need to provide for your living expenses through retirement as well as the desired legacy/inheritance for your loved ones, you can turn your attention to “What do I want my Philanthropy to look like?”
- [Can I afford to be charitable?](https://mkdwealth.com/can-i-afford-to-be-charitable/): Intellectually, people know that charitable giving is a good thing. Emotionally, they know that giving will make them feel good. Yet, often they do not know how to think about their giving. Most questions they confront tend to center around “My first responsibility is to provide for my family for the rest of our lives. Can I afford to be charitable?
- [Over-Valued and Under-Valued?](https://mkdwealth.com/over-valued-and-under-valued/): It can be hard to see what is appropriately valued when there are so many variables, pressures and external forces at play.
- [Stretching Inherited IRAs Around the SECURE ACT 10 Year Rule](https://mkdwealth.com/stretching-inherited-iras-around-the-secure-act-10-year-rule/): The SECURE (Setting Every Community Up For Retirement Enhancement) Act of 2019 was signed into law on December 20, 2019. It makes significant changes in how those who inherit an IRA account must make withdrawals from such accounts.
- [Where are you looking?](https://mkdwealth.com/where-are-you-looking/): A funny thing about noticing things is that you see what you’re looking at. That may not sound particularly clever or genius, but let’s be clear, if you’re looking at a dump, you’ll see garbage, and if you’re looking at a diamond ring, you’ll see gold and diamonds – even if you’re standing in a dump.
- [Celebrate Your Own Independence](https://mkdwealth.com/celebrate-your-own-independence/): This weekend the nation took pause to celebrate Independence Day. It’s usually seen as a day to celebrate freedom, but it’s actually something close, but slightly different. Independence Day is a celebration of the detachment from feudal loyalty to an oppressor. It’s a recognition of the moment the nation pushed away from being controlled by outside interests and took on its independence. The nuance is small, but important.
- [Growth: Good and Bad](https://mkdwealth.com/growth-good-and-bad/): Good and Bad are tricky words but can make a good title. More accurately, however, we should probably say Growth: When It Works and When It Doesn’t.
- [Head to Head](https://mkdwealth.com/head-to-head/): There is a Bull-Bear battle underway that is more complex than ever. Recently we’ve seen a rally in the markets that seems to defy the underlying indicators, so let’s take a quick look at this.
- [Feeling Disconnected](https://mkdwealth.com/feeling-disconnected/): Bloomberg Businessweek titled last week’s edition as The Great Disconnect, and it was aptly named. This is a time of disconnections.
- [Gambling in the Dark](https://mkdwealth.com/gambling-in-the-dark/): “Tell me what we should do next.”
- [Breaking news…](https://mkdwealth.com/breaking-news/): Sound bites are great. They’re short. They’re catchy. They make great headlines. And they’re rarely the entire story. As a matter of fact, they’re meant to not be the whole story, but to have enough of a sensational or curiosity-generating effect that we read on. You’re probably hearing sound bites about the market that could be considered down-right misleading.
- [Defying the “New Normal”](https://mkdwealth.com/defying-the-new-normal/): New Normal is getting a lot of press. Politicians speak of it. Business pundits toss it around like a new toy. Friends and colleagues speak of it and it sounds good. Something new, and normal. And we don’t like it.
- [Echo](https://mkdwealth.com/echo/): An echo is a slightly delayed, slightly distorted, repeat. In a canyon, we yell, there’s a pause, and we hear ourselves yell back but it sounds a bit different than the original message. That’s part of what we’ve been seeing in the market.
- [Ripples](https://mkdwealth.com/ripples/): Consequences are the kinds of things that either haunt us or applaud us. It would appear that, at some level, we live in a cause-and-effect world. The problem is that it’s not always easy to see what caused what, or to predict the effects. And we’re living in it right now.
- [Today is Yesterday’s Future](https://mkdwealth.com/today-is-yesterdays-future/): One of the bright minds of the investment world is Howard Marks – even Buffett listens when Howard speaks. And Howard recently wrote about “Knowledge of the Future.” In a memo to his clients he quoted a Harvard epidemiologist who shared that there are a) facts, b) extrapolation, and c) speculation or opinion. Specifically, regarding the future, there are few facts, the extrapolations being made don’t have many meaningful precedents, and that most of what we’re hearing is speculation.
- [Peering through the fog…](https://mkdwealth.com/peering-through-the-fog/): Uncertainty is double-edged: some people thrive on it and other people abhor it. But even people that don’t like it can’t help but try to peek behind the curtain of confusion to see if there are opportunities there for them, their businesses or their families.
- [What matters now.](https://mkdwealth.com/what-matters-now/): Have you noticed that emails you’re receiving, regardless of the source, seem to have a similar set of messages? We have. We’ve received dozens of emails from companies, suppliers, partners and others that repeat common messages. They’re saying:

## Pages
- [6 Freedom Gaps for Entrepreneurs](https://mkdwealth.com/6-freedom-gaps-entrepreneurs/): For many successful entrepreneurs, the issue isn’t assets. It’s the Freedom Gaps that quietly widen after years of fragmented advice and growing complexity.
- [Media](https://mkdwealth.com/media/): Welcome to MKD Wealth’s media library—a space where grit meets growth and powerful “A-ha” moments unfold. Here, we explore stories and insights that spark both personal and financial breakthroughs. Our hope is that as you listen, you’ll find encouragement, practical wisdom, and inspiration to take the next step toward the best version of yourself.
- [Privacy Policy](https://mkdwealth.com/privacy-policy/): For more detailed information on how we handle data privacy, please refer to our Privacy Policy Notice.
- [Client Stories](https://mkdwealth.com/client-stories/): Gino Wickman has been an MKD Wealth client since 2008.
- [Private Wealth Management](https://mkdwealth.com/private-wealth-management-executives-professionals-entrepreneurs/): Our Private Wealth Management service helps you gain clarity and confidently delegate so you can focus on what you do best while we handle the rest.  Our goal is to bring clarity and structure to your financial life, including these key areas: 
- [Family Office for Successful Entrepreneurs & Multigenerational Families](https://mkdwealth.com/family-office-entrepreneurs-multigenerational-families/): With significant wealth comes the responsibility of stewardship. The reality is that wealth, without proper guidance, communication and strategy is often lost by the third generation (1). That's why MKD Wealth partners with families to manage complexity, facilitate family conversations, and prepare the next generation for the wealth you've worked so hard to build.
- [Your Wealth Team](https://mkdwealth.com/certified-financial-planners-wealth-advisors-team/): At MKD Wealth, you're not just working with financial professionals—you’re building a relationship with a team who understands that your wealth is about more than numbers. We're here to listen, guide, and collaborate with you to create a strategy that reflects your vision, values, and goals for the future.  Your MKD team brings the experience, insight, and personal connection it takes to help you make confident decisions and stay focused on what matters most.
- [Katie Simpson](https://mkdwealth.com/our-team/katie-simpson/): Katie Simpson
- [Blake Allen](https://mkdwealth.com/blake-allen/): Associate Wealth Advisor
- [Joe Mackey](https://mkdwealth.com/our-team/joe-mackey-visionary-wealth-advisor-partner-for-entrepreneurs/): Joe Mackey brings over 20 years of experience to his work with entrepreneurs and business builders. As a founder of MKD Wealth and an entrepreneur himself, Joe understands that success isn’t just about the bottom line—it’s about building a better life for yourself and the people who matter most. He thrives on genuine connection and brings curiosity, warmth, and insight to every relationship. Known for his thoughtful questions and deep listening, Joe helps clients sort through complexity and discover what’s possible when their personal goals and financial strategy work in sync. He encourages clients to start living their legacy today—bringing intention, purpose, and fulfillment into the present, not just the future.
- [John Dankovich](https://mkdwealth.com/john-dankovich/): John is one of the original partners of MKD Wealth and brings more than 30 years of financial and professional experience to his work with clients. His background as a CPA and attorney gives him a unique lens on complex issues especially in tax planning, estate strategy, and closely held businesses. John is passionate about guiding philanthropic planning and has helped clients shape major charitable gifts, including the establishment of a major institute at a Michigan university. He also brings deep experience supporting affluent seniors as they plan for the next stages of life with a focus on clarity, care, and impact.
- [Katherine Osentoski](https://mkdwealth.com/katherine-osentoski/): Senior Associate Wealth Advisor
- [Cassie Beardslee](https://mkdwealth.com/cassie-beardslee/): Cassie joined MKD Wealth in 2016 and brings over a decade of experience helping families create comprehensive financial strategies designed to preserve wealth across generations. As a Wealth Advisor and Director of Planning, she focuses on the unique needs of entrepreneurs and their families—offering a calm, thoughtful approach to even the most complex situations. Cassie is known for her sharp intellect, steady presence, and unwavering commitment to doing what’s best for her clients. She brings clarity to the planning process and helps people make thoughtful, confident decisions about their future.
- [Kelly Martin](https://mkdwealth.com/our-team/kelly-martin/): Kelly Martin
- [Lisa Casey](https://mkdwealth.com/our-team/lisa-casey/): Lisa Casey
- [Monica Hendree](https://mkdwealth.com/our-team/monica-hendree/): Monica Hendree
- [Tim Mrock](https://mkdwealth.com/our-team/tim-mrock/): Tim Mrock
- [Emily Hoang](https://mkdwealth.com/our-team/emily-hoang/): Executive Assistant
- [Bradley Rubenstein](https://mkdwealth.com/bradley-rubenstein/): Investment Operations Specialist
- [Media Center](https://mkdwealth.com/media-center/)
- [Nathan Bohannon](https://mkdwealth.com/nathan-bohannon/): Nathan Bohannon
- [Home](https://mkdwealth.com/): At MKD Wealth, that’s what we’re here to create—those pivotal moments when everything clicks. When complexity gives way to clarity. When you finally feel confident in your decisions and free to focus on what matters most.
- [Send Files](https://mkdwealth.com/send-files/): Use the form below to securely send files to MKD. For assistance, please call our office at 248.418.5100 or email an MKD team member.
- [Designation Disclosures](https://mkdwealth.com/designation-disclosures/): The CERTIFIED FINANCIAL PLANNER® certification is issued by the Certified Financial Planner Board of Standards, Inc. (CFP Board). Candidates for the CFP® certification must have a bachelor’s degree or its equivalent from an accredited college or university; have a minimum of three years of full‐time relevant personal financial planning experience; satisfy pre‐examination requirements and pass the CFP® exam; and meet the CFP Board’s fitness standards. After earning the certification, the holder must complete thirty hours of continuing education credits every two years. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.
- [Terms and Conditions](https://mkdwealth.com/website-terms/): The information offered by MKD Wealth Coaches, LLC (“MKD”) on this site is subject to certain terms and conditions (the “Terms and Conditions”). These Terms and Conditions apply to all users. By entering this site or by transmitting any information to the site, you acknowledge and agree to all of the Terms and Conditions. Please read them carefully. If you do not agree to the Terms and Conditions, please do not use this site. Any use of this site in a manner inconsistent with these Terms and Conditions is deemed unauthorized access and may subject the user to civil or criminal penalties. We reserve the right to revise this legal information at any time and for any reason, without notice or obligation, by updating this posting. Your continued use of this site following the posting of any changes to the Terms and Conditions will mean that you accept such amendments. We strongly recommend that you periodically visit this page of the site to review the Terms and Conditions.
- [Contact](https://mkdwealth.com/contact/): (248) 418-5100
- [Articles](https://mkdwealth.com/articles/): Business / Entrepreneur / Financial Planning / Life / The Future of You / Wealth
- [Resources](https://mkdwealth.com/resources/): Business / Entrepreneur / Financial Planning / Life / The Future of You / Wealth
- [Our Process](https://mkdwealth.com/process/): While we believe most financial advisors focus on numbers, at MKD Wealth we begin planning in an entirely different place. We believe financial planning should be about people first and money second. It’s about gathering perspective over gathering data; it's more relational than transactional; it's more personal than numeric.
- [About Us](https://mkdwealth.com/about-us/): At MKD Wealth, we’re not just financial advisors – we are partners in your journey towards true wealth and fulfillment. Founded by individuals who understand the unique challenges that come with success, we cater to the needs of entrepreneurs, executives, and high-net-worth clients. When there’s a business to run, a family to grow, decisions to be made, assets to steward, and leadership to provide, that's when you need a plan, a process, and a team behind you.