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Is 50/30/20 The New 60/40?
The 60/40 portfolio has been a stalwart for a generation. But as equity markets have moved into bearish territory to start 2022, bonds have also suffered unexpected losses. The bonds are supposed to the ballast to the equities in your portfolio, especially in volatile...
What Are My Retirement Plan Design Options? Part 5: Cross-Tested Plans
In part 5 of our series, we’re covering cross-tested plans. We've covered profit sharing plans, 401(k) plans, safe harbor plans, and last week, social security integration plans. Cross-tested plans offer the most targeted approach to employer contributions....
What Are My Retirement Plan Design Options? Part 4: Social Security Integration
We've covered a lot of information on the different retirement plan options available to business owners. We have discussed profit sharing plans, 401(k) plans, and safe harbor plans. Today we will talk about Social Security Integration. This is great option for the...
What Are My Retirement Plan Design Options? Part 3: Safe Harbor Plans
So far we have discussed profit sharing plans and 401(k) plans. We learned that profit sharing plans are the backbone of all defined contribution plans. We also found out that 401(k)s can give business owners even more flexibility with employer contributions. But...
What Are My Retirement Plan Design Options? Part 2: 401(k)
As a business owner, there are few tax advantages greater than a good retirement plan. What makes a retirement plan good or bad? In short, Plan Design. If your plan design doesn't match your companies needs, it will always feel like meh! In our first post in the...
What Are My Retirement Plan Design Options? Part One: Profit Sharing
Whether you already have a retirement plan or you are thinking of adding one to your business, knowing your plan design options will make sure you're maximizing every benefit. I have talked about cash balance plans before. But over the next couple of months I will...
If You’re Getting a Divorce, Prepare For These 4 Financial Challenges
Divorce is not only taxing emotionally and physically, but it can take a toll on both parties financially as well. You and your spouse will need to make decisions that not only affect you right now but also in the future. When it comes to the financial impact, here...
401(k) Plan Sponsors: The Importance of Benchmarking Your Plan
As an employer, offering a 401(k) to your employees is a great way to retain a motivated workforce while attracting new talent. But, like most retirement vehicles, there are some legal points to keep in mind. First, by offering a 401(k) to your employees, you...
Generational Wealth Planning: A Guide to Growing and Protecting Your Wealth For Decades to Come
It’s common for people to want to leave money behind for their children and family members after death. After spending years working to earn a living, people are proud to leave behind a legacy and help their future generations to be better off. But there's a common...
Maximizing Tax Planning Strategies: Taxes, Taxes, and More Taxes (Part Deux)
Tax cuts are here, but for how much longer? Whether your "Hooray!" is a fist-pump or a sarcastic shrug depends on your incorporation status. With the Tax Cuts & Jobs Act (TCJA) provisions currently in a "sunset" phase, effective Tax Planning Strategies are more...
TAXES, TAXES, and more TAXES
The Long-Term Tax Reform Impact on the National Economy You might have heard that another wave of tax changes is coming down the pipes. As with most things in finance, the true tax reform impact always comes down to the smallest details. While the legislative...