Category Archives: Education

Planning for Retirement – Diversity is Key

Chances are if you have started to plan for your retirement and you have seen a financial advisor, you have an investment portfolio set up and you are monitoring that portfolio constantly to see if you can improve your investments. As with any investment portfolio, you have to make sure that your retirement portfolio is diverse with assets in as many different areas as possible. This makes it more difficult to lose any significant portion of it in market crashes or amidst price dips.

Gary Kapanowski

When considering where to put your assets, think about your age, your risk tolerance, and whether or not you need your investments to produce income to live upon. Your age matters because if you’re close to retirement age, you will invest differently than if you’re still twenty or thirty years away. Generally, financial planners tell people to invest aggressively and take on risk when they’re young and play it more safely when they are older. Assess your risk tolerance at all points of time. Make sure that, if you do take more risks, possible losses can be recuperated soon afterward. If you need your investments for your income, you will probably take fewer risks and allow for slower returns on investment.

As a professional accountant for the company Moeller Manufacturing in Wixom, Michigan, Gary Kapanowski knows the benefits of creating a diverse portfolio and monitoring that portfolio as much as possible. Kapanowski tries to provide expertise to those struggling with retirement as much as he can.


Tips for Achieving Financial Security When You Retire

Saving for retirement can seem like a daunting task. As with any long process, the better prepared you are before you need it to be completed, the better off you will be in the long run, and the easier it will be. Preparation is the key to saving for retirement. Know what you have to do when and you will reap the benefits of your preparation when you actually retire. Here are some tips to get you started:

  • Start early. Financial planners can’t emphasize this point enough. Young people don’t think that they need to start thinking about retirement until they are approaching sixty. The truth is, the earlier you start, the more prepared you will be when the real planning starts as you reach the end of your career.
  • Think of your savings as another expense. We all have daily, weekly, and monthly expenses, from laundry to gas to food. If you treat your retirement savings as another expense, it will be easier to put away money for retirement on a regular basis.
  • Set aside as much as you can in a tax-deferred account. The more money you have in tax-deferred accounts, the less likely you are to spend the money in those accounts before your retirement age. This is because of the tax penalties that apply when you spend the account before you turn sixty.

These three tips are good ways to get started putting away money for your retirement. They come highly recommended by the experienced and talented accountant Gary Kapanowski, based in Michigan.

Gary Kapanowski

Financial Tips for Saving for Retirement

Saving for retirement is a long and complicated process for most of us that takes many hours of planning and requires your follow through on those plans. In order to create a comfortable retirement for yourself after your career is over, you will need to create a comprehensive plan long before you plan to retire and stick to it. Here are a few tips to get you started on saving for that house on the beach:

Gary Kapanowski

Gary Kapanowski

•Start as soon as possible. Many young people make the mistake of thinking that retirement planning is a waste of time. The truth is, the sooner you start thinking about it, the easier it will be to put money aside for when you really need it and you stop working.

•Think of your savings as an expense. With all of the regular expenses we face in everyday life, such as rent, food, and utilities, it’s very difficult to put anything into savings on a regular basis. The best way to avoid spending your retirement money is to think of your regular additions to your savings accounts as another expense, similar to paying your car loan or rent.

•Use tax-deferred accounts. Putting your retirement savings in a tax-deferred account acts as a mental block from spending that money on an impulse. Money in tax-deferred accounts cannot be spent without tax consequences and penalties. All assets in tax-deferred accounts cannot be spent before the age of 60 without incurring an early distribution penalty.

Gary Kapanowski, a professional accountant with years of experience, stands by these pieces of advice.

Gary Kapanowski: Graduate of Eli Broad College

Gary Kapanowski is the first member of his family to earn his undergraduate degree from the University of Michigan. He went on to further his career by attending graduate school at Michigan State University. While at MSU, he earned his Master of Business Administration from the Eli Broad College of Business.


Gary Kapanowski received a thorough business education at the Broad College. Broad College is revered globally and ranked fourth in its placement success. Part of Broad’s curriculum is to develop each student’s capacity for team collaboration, and cultivate great problem solving skills. According to Financial Times Magazine, Broad is the second-ranked graduate business program in the United States for placement success. Gary Kapanowski was in the top twenty percent of his graduating class, which earned him a membership in the Michigan State University Beta Gamma Sigma society. The nationally recognized society is the premier honor society for recognizing business excellence.

Gary Kapanowski holds certification in Lean Process Improvement from St. Clair County Community College, and Certification in Lean Six Sigma from Lawrence Technological University. He also stays involved within his community by becoming a certified tutor with the Macomb Literacy Partners in Clinton Township, Michigan, and his participation in the revitalization of Detroit. He supported a federal judge’s ruling on November 7, 2014, that granted the city’s plan of adjustment and laid way for the city to exit bankruptcy. After reaching a nearly twenty billion dollars in debt, the city filed for Chapter 9 bankruptcy about a year and a half earlier, making it the largest municipal bankruptcy filing in U.S. history.

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Master of Money and More: Gary Kapanowski – Six Sigma Master Black Belt

Gary Kapanowski knows the Six Sigma and Balance Scorecard processes perhaps better than anyone else on his current accounting teams. As a leading Michigan financial expert, Gary Kapanowski received several financial awards, including the Financial Executive of the Year Award in 2006. Gary Kapanowski and Dr. Robert Kaplan developed the Balance Scorecard business model together. Gary Kapanowski has seen this and the Six Sigma model work for a plethora of companies, improving production, product quality, morale, and financial outlook.

Gary Kapanowski

Gary Kapanowski

Gary Kapanowski currently serves his company as a Six Sigma Master Black Belt. In this role, he oversees Green Belt company projects. Gary Kapanowski also collects company data, participates in statistical analysis, form hypotheses, and conduct experiments beneficial to the company and its purposes. Black Belts must also demonstrate competence in the use of varied tools and technological programs. The goal of Gary Kapanowski and associates is to ensure every product in their company leaves with no errors or defects. A product with no errors that is 0% defective and has no significant variances from other products is called a six sigma product.

Gary Kapanowski regularly demonstrates expertise in all Microsoft programs including Excel, PowerPoint, Publisher, and other database programs. He has mentored several other company members and possesses great expertise in budget planning and fiscal responsibility strategies.

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Historical Handbook: Gary Kapanowski Discusses How History Helps Business

When Detroit native Gary Kapanowski isn’t overseeing accounting or leading Six Sigma seminars, he has several unique hobbies. One of Gary Kapanowski’s passions is history. Gary Kapanowski’s father fought in World War II on the Japanese front, making it natural for Kapanowski to become a World War II enthusiast himself. Gary Kapanowski is also well-versed in the Civil War and Russian studies. Gary Kapanowski shares how historical knowledge helps improve management skills.

Gary Kapanowski

Gary Kapanowski

Make Allies Carefully

Gary Kapanowski recognizes that making allies or forcing partnerships too quickly can lead to trouble for businesses. In World War II, part of Adolf Hitler’s success rested with former allies he could then force to capitulate to his power. Gary Kapanowski recommends managers observe employees to see who is allied with whom. If one or two people hold a great deal of power and always take the lead, that could be a danger signal. More introverted employees may be hesitant to speak up with ideas or defend themselves, according to Gary Kapanowski.

Stay Consistent

As a Civil War buff, Gary Kapanowski recognizes one of the Union’s basic flaws. The Union Army switched generals so often, the troops had no consistent leadership. Business leaders must stay as consistent as army generals. They must weigh all decisions carefully and act in everyone’s best interest as much as possible. Leaders must also make standards clear and avoid waffling or changing plans too often, Gary Kapanowski says.

Don’t Allow Civil War

Employee infighting and bullying makes a company weak. Gary Kapanowski says managers must be on watch and have plans in place to eradicate such behavior and eliminate it before it becomes a major problem in the workplace.

Frequent Flyer: Gary Kapanowski Shares the Benefits of International Travel

Gary Kapanowski is best known as one of Detroit’s best accountants and financial advisors. For decades, Gary Kapanowski worked to improve business models for many accounting firms and other companies. In addition, Gary Kapanowski is a seasoned international traveler. Today, Gary Kapanowski shares several benefits of international travel with readers.

Gary Kapanowski

Gary Kapanowski

Learning Opportunities

Gary Kapanowski knows every visit to a foreign country holds learning opportunities, particularly for businesspeople. An experienced traveler, Gary Kapanowski regularly visits England, France, Italy, Greece, Monte Carlo, and Spain, among other countries. In each country, he has explored different business models and manufacturing methods. Thus, he is able to transport the best of each country’s methods and work ethics to the United States. Gary Kapanowski and his fellow employees’ work shows a global mindset, open to change and growth.

Increased Empathy

As a prominent financial figure, Gary Kapanowski knows everyone has unique needs, strengths, and weaknesses. International travel has placed Gary Kapanowski and his associates in contact with several different cultures and customs, as well as the people who practice them. Learning and understanding new customs helps businesspeople increase their empathy for others. The diplomacy needed on foreign soil often serves workers well when they return to the home office, something Gary Kapanowski is well prepared to face.

Cultural Connections

As businesses work harder to “think globally,” it can be difficult to separate oneself from the comfortable culture of one’s own country. However, international travel opens the traveler to all kinds of new locations, foods, languages, clothing styles, and more. Gary Kapanowski believes ravel encourages relaxation and opening up to new ideas, which encourages creativity at work and in leisure time.