Traditionally, borrowing on margin to amp returns, has been a tactic used by sophisticated investors but some say margin loans can make sense as a tool for mainstream investors. Mitch Reiner says with interest rates at historic lows, margin loans can help roll over debt or work as a way for a small-business owners to temporarily finance inventory.

Mitchell Reiner, an Atlanta-based certified financial planner, encourages clients who are looking forward to a big business sale to get involved in charitable giving well beforehand, often through a donor-advised fund. This way, they not only become familiar with the basics of philanthropy, but may also have a chance to develop a new personal and financial purpose in life before they give up the role of business owner.

DID is the acronym that Mitch Reiner, COO at Capital Investment Advisors, uses to describe the "three sleeves" of his investment strategy:

To Garner dividends from stocks, interest from bonds, and distributions from alternative sources, such as closed-end funds, preferred stocks, convertible bonds, master limited partnerships (MLPs), royalty trusts, and real estate investment trusts (REITs).