Six Steps to Creating An Effective Continuity Plan

The single, biggest threat to an independent advisory practice is not the lack of a succession or exit plan, it is the lack of a plan to protect client interests and business value in the event of an owner’s sudden death or […]

What Financially Stressed 401k Participants Really Cost Employers

Studies show employers who offer wellness benefits to employees see an increase in efficiency in the workplace, in addition to higher levels of productivity and satisfaction. More than 50 percent of people indicate that they are stressed about their finances and slightly less spend […]

Is It O.K. to Use My 401(k) for Emergencies?

You never know when a financial emergency might strike. Your car might break down. Your roof might spring a leak. And then there’s the possibility of losing your job and having your income disappear overnight. If you’re in a financial crunch, you […]

No Surprise: 401k Auto-Enrollment On The Rise

The number of 401k and similar defined contribution plans with an automatic enrollment featurenearly doubled over the past decade, according to the Plan Sponsor Council of America’s (PSCA) 60th Annual Survey of Profit Sharing and 401k Plans. PSCA, which announced last November that […]

You Should Be Contributing At Least XX% To Your 401(k)

As an investment advisor who has worked with the retirement plans of Apple, IBM and AT&T, I often receive questions from participants about how much they should contribute. I typically respond by saying, “At least 20%.” They usually laugh and […]

8 Steps Before Taking Out a 401(k) Loan

If you need extra funds for a large purchase or you’re in a tight money situation, you may have the option to borrow money from your 401(k) plan. Some companies allow you to take a loan from your 401(k) and […]