Why financial wellness is a must-have employee benefit

Employer provided benefits are in sharp focus as 2018 draws to a close and one benefit gaining traction is financial wellness programs. A recent PwC survey of U.S. employees showed that financial wellness is the most desired benefit exceeding even student loan […]

Small Business? This Tax Season don’t forget QBI

QBI Deduction Basics The 2017 tax reform legislation now allows pass-through entities (such as partnerships, S corporations and sole proprietorships) to deduct 20 percent of “qualified business income” (QBI) (in 2018-2025). Despite this, “service businesses” (including attorneys, accountants, doctors, financial […]

Succession Planning: Avoiding the 6 Most Common Mistakes

Avoiding these 6 most common mistakes will help protect an advisor’s business, clients and legacy   Succession planning has become a hot topic, driven by an aging advisor population and the anticipated wave of retirements coming in the next decade. Planning […]

Stop Making 401(k) Contributions — Fill Up Your HSA First

With health care open enrollment season approaching, individuals electing a High-Deductible Health Plan (HDHP) will soon have an opportunity to decide how much to contribute to their Health Savings Account (HSA) for next year. My advice? Contribute as much as you possibly […]

5 Quick Facts About Millennials’ Retirement Savings

The rap on the millennial generation is they are an island: They don’t save and they don’t talk to advisors. Guideline 401(k), a 401(k) plan provider, did a study on 5,400 millennial plan participants and found something a lot different. […]

401(k) Participants Regret Splurging on Clothes, Cars: Schwab

American workers are generally optimistic about retirement, but given another chance many would make different spending decisions on short-term pleasures, according to a survey released Monday by Schwab Retirement Plan Services. Survey respondents understood their 401(k)’s value and the importance of saving […]

IRS Allows 401(k) Match for Student Loan Repayments

A new IRS ruling approves an employer’s plan to help workers save for retirement while paying off student loans. For example: The student makes a minimum 2% payment to their student loans, and the employer will then match that with […]