As financial advisors, we help people attain financial independence. Usually, our personalized planning conversations are enough to help them establish a healthy, happy relationship with their money. But sometimes, we uncover bigger pain points we need to move past before we can move on. There’s no shame in that. Almost all of us have […]
Financial Freedom: When Financial Therapy Meets Wealth Management Read More »
1. How does the SECURE 2.0 Act affect my current participants? Employer Matching Contributions as designated Roth contributions: An optional provision, which has now been delayed until January 1, 2026. Participants may choose, plan permitting, to treat employer matching and nonelective contributions to qualified 401(a) defined contribution plans, 403(b) plans, and governmental 457(b) plans
Nobody wants to make investment mistakes. And yet, we’re human; mistakes happen. Here’s how to minimize the ones that matter the most, and make the most of the ones that remain. Bad Decisions vs. Bad Outcomes First, let’s define what we’re talking about: Investment mistakes happen when you make bad decisions, regardless of whether the
Navigating Investment Choices: Learning from Mistakes and Maximizing Opportunities Read More »
As a plan administrator or sponsor, you want to provide your employees with a retirement plan that benefits them while also being beneficial to your company. Safe harbor plans have become a popular option, but some sponsors may be hesitant to implement them out of concern for the associated costs. Let’s talk about the true
Understanding the True Cost of Safe Harbor Plans Read More »
You already know a fiduciary must act solely in the interest of the plan participants, their beneficiaries and alternate payees to ensure that only reasonable expenses are being paid. The big question is: how do you know if plan fees contained within 408(b)(2) disclosures are reasonable? Benchmarking your retirement plan fees is a vital tool
Unravelling 408(b)(2) Plan Fees Read More »
Whether due to disability, dementia, or simply enjoying an exotic vacation, there are many ways you can end up unavailable to make critical financial or healthcare choices for yourself or your loved ones. If you’ve not documented your desires in advance, it can add extra stress for everyone, plus the outcomes may not be what
Securing Your Interests: Essential Legal Tools for Life’s Uncertainties Read More »
With the ever-changing landscape of retirement benefits and the laws around them, it makes sense that employees are taking a closer look at what companies are offering. Appreciation for company benefits is on the rise, according to the 2022 Global Benefits Attitudes Survey from insurance advisory firm WTW. Three out of five say a good benefits
Working with a Plan Administrator: Setting Up Retirement Plans that Retain Employees Read More »
In our last piece, we summarized the ways a successful stock buyback can deliver powerful, tax-efficient value to shareholders, without stunting future growth. But stock buybacks are like any other power tool: They’re not always the best, or even safest device for every job. Today, we’ll wrap by covering some of the potential downsides to
The Pitfalls of Stock Buybacks: Balancing Risks and Rewards Read More »
Many companies are outsourcing more and more activities, mainly because outsourcing can provide cost savings and increase productivity. Outsourcing allows companies to focus more on their core businesses, rather than spending time on areas outside their expertise. For retirement plan sponsors, outsourcing fiduciary services makes sense for these reasons as well as others. Reduced
The Top Three Reasons to Outsource Fiduciary Services Read More »
In our last piece, we explained how stock buybacks generally work, and why we prefer investing in a globally diversified investment portfolio over chasing or fleeing particular buyback opportunities. Next, let’s look at how companies use stock buybacks in practice. Striking a Balance: Buy Back or Plow In? Broadly speaking, stock buybacks are meant
Navigating Stock Buybacks: Benefits and Pitfalls Read More »