Blog
Blog
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5 Financial Decisions You Should Make Before the End of 2022
By Greg Farrall, PPC®, CWS®, CPFA® This past year has been stressful, to say the least. With a war in Ukraine, unsettling economic outlooks, and concerns about inflation, it hasn’t exactly been the smooth recovery from the pandemic we had hoped for. As overwhelming as these issues are, it’s always a good time to take […]
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How Women Business Owners Can Save for Retirement and Reduce Taxes
By Greg Farrall, PPC®, CWS®, CPFA® Women-owned businesses continue to grow in numbers throughout the U.S. In fact, 40% of businesses are owned by women. (1) While many business owners initially focus on building up revenues and reinvesting profits into the business, this can mean income and retirement savings fall by the wayside. It’s no […]
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Plan Sponsors: How to Know When It’s Time to Update Your Investment Options
By Greg Farrall, PPC®, CWS®, CPFA® As a sponsor of an employee retirement plan, you have a duty to assess investment options on an ongoing basis to ensure they are in line with your participants’ best interests. Not only that, but keeping your plan compliant requires you to replace poor performing investment options in a […]
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Life Lessons My Parents Taught Me
One of the joys of parenthood is passing wisdom on to the next generation (even if kids aren’tready to listen just yet!). Growing up, my father and I would go fly fishing together, wherethe lessons seemed to flow out of him like the ripples of the river. Lessons like: Have a legacy.Don’t be average, be excellent. […]
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The Top Mistakes Plan Sponsors Make: Part 2
In 2021, the Employee Benefits Security Administration (EBSA) collected $1.9 billion in qualified retirement plan violations and other enforcement actions. (1) As such, it’s more important than ever that plan sponsors are up to date on plan requirements and avoid costly mistakes. In our first article, we talked about the top four mistakes that retirement plan […]
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Wishing You a Happy Mother’s Day! (And a Fun Gift Idea)
Happy Mother’s Day to all the amazing and awesome moms out there! You deserve the very best and I hope you feel spoiled on your special day. Here’s the age-old question: What do you get an incredible mom who deserves the best? Flowers are the traditional choice (and COVID-free), and a spa treatment is now […]
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The Top Mistakes Plan Sponsors Make: Part 1
Sponsoring a workplace retirement plan is hard. Complying with ERISA regulations, understanding fiduciary responsibilities, and staying up to date on the ever-changing tax law are just a few of the challenges plan sponsors have to navigate. Because of these challenges, it’s not uncommon for plan sponsors to make mistakes. But as many of our clients […]
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Social Security Claiming Strategies for Single, Divorced & Widowed Women
You’ve worked hard for a relaxing and fulfilling retirement. You want them to be everything you dream of, which means you need a healthy dose of planning and strategizing to go along with your dreaming. And one important piece of the retirement planning puzzle that often gets overlooked is Social Security. Even though you have […]
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How Does Your Retirement Savings Compare to Your Neighbors’?
Humans are hard-wired to compare ourselves to benchmarks. (1) When those don’t exist, or the benchmarks are ambiguous or confusing, we compare ourselves to others. This is true in the age of social media and it’s especially true when it comes to retirement. We all want to know that we’re on the right track for […]
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What Should You Do About Inflation and Stock Market Volatility?
After a three-year rally, last week the financial markets marked their worst slide since the pandemic decline in March of 2020. (1) Last Monday’s intraday market dip put the S&P 500 down over 10%, which is officially called a “correction” on Wall Street. (2) While the market rallied towards the end of the day for a […]
