When it comes to managing retirement savings, many people will at some point need to move money between accounts. This often happens when changing jobs, consolidating accounts, or switching financial institutions. Two common ways to move funds are rollovers and transfers, but they aren’t the...
Attract Talent, Save on Taxes, and Plan For Your FutureOffering a 401(k) retirement plan presents numerous advantages for business owners, enhancing both the company’s financial health and its appeal to current and prospective employees. Attracting and Retaining TalentIn today’s competitive job market, a robust benefits package...
Mega Backdoor Roths are a retirement savings strategy that allows individuals to contribute more to their traditional 401(k) or 403(b) plans beyond the annual contribution limits. These excess contributions are then converted to Roth accounts, providing potential tax-free growth and withdrawals in retirement. This strategy...
Target Date Funds (TDFs), also known as lifecycle or age-based funds, are a unique investment option designed specifically for retirement. They have become popular because they allow the investor to simply choose the fund that aligns with their expected retirement year, and the money will...
Which is best for you?Figuring out a retirement plan can seem like a daunting task if you’re self-employed or a small business owner, but it’s not as complicated as you might think. There are basically two ways to go that can work well in most...
3 Pitfalls to Avoid A common error in retirement planning is having a singular bias towards when you retire. That mindset can be dangerous when many financial products are marketed towards individuals seeking a simplistic, reductive approach to investing for the future.Target date funds are mutual fund...
Ignoring long-term care coverage can derail your retirement savings … but there are options to keep you on track, in the form of hybrid and stand-alone policies. Here’s a number that puts the future in sharp relief: According to the Department of Health and Human Services,...
One of the worst things that can stand in the way of your next home, car, refinancing, or other financial activity is having a bad credit score. Building your credit is one of the best ways to enable your financial opportunities for the future. Let’s breakdown...
A volatile economy and socio-political landscape can be stressful to endure, especially when making financial decisions for your future. A common reason to have a financial advisor is to help ensure that the financial decisions you make today will support you and your priorities into retirement...