Your Life
All the things you need to know to help your financial future
Your Bench of Life™ may not always follow an easy path. There may be circumstances you face along the way which change the course of your financial future. We help you stay prepared for these unforeseen changes.
A Comprehensive Guide to End-of-Year 401(k) Tasks
As the end of 2023 draws near, those responsible for their company 401(k) plan have much to consider. With a combination of standard annual tasks and new SECURE Act provisions on your plate, we are here to help you. This article is a helpful guide for wrapping up 2023 smoothly! We will dive into those
November 2023 | Monthly Economic Update
ECONOMIC UPDATE Facebook LinkedIn Twitter Source: FactSet Equities fell for the third straight month in October, giving back nearly half of their gains for the year. The prospect of higher for longer interest rate policies and elevated geopolitical uncertainty as a result of the Israel-Hamas conflict weighed on markets. In October, US equities fell into
Boosting Profits and Savings: 5 Tax Strategies for Business Owners
For business owners, striking a balance between operating costs and profit is the cornerstone of success. Operating costs include everyday expenses like salaries, rent and supplies. Profit, on the other hand, is what remains after all these operating costs have been paid. It’s the reward for the risks taken and the value created by your
6 Common Administrative Tasks That Can Morph Into 401(k) Plan Headaches
Managing a 401(k) plan can leave even the most seasoned administrators feeling overwhelmed. With proper support, you can simplify the complex task of retirement plan management. Top 401(k) Plan Headaches The first step is to understand the potential problems. Here are some common issues that can cause headaches for plan sponsors: Uploading Payroll Determining
HSA’s – Objections, Overruled!! Pt. 2
In my last blog, I discussed the benefits of Health Savings Accounts (HSAs). If you missed it, you can check it out here. In this blog, I wanted to address some of the common objections that I hear about HSAs because many of them are based on misinformation and misunderstandings. When I first started working
October 2023 | Monthly Economic Update
ECONOMIC UPDATE Facebook LinkedIn Twitter Source: FactSet September is historically a challenging month for the stock market, and this year proved no different. Global markets were led lower by rising interest rates and oil prices. US equities continued their August decline, falling 4.8% for the month. International equities fared better than domestic but still posted
HSAs – The Best Around (In My Opinion) Pt. 1
I love the Karate Kid. So my wife and I sat down to share the original film with our teenage daughters a few years ago. It didn’t go well. I had forgotten that Daniel gets beaten up for most of the movie and that the scenes are much longer and slower than the younger generation
Social Security Part 3 – Insolvency
In the first two parts of this 3-part blog, we discussed how much money you could get from Social Security based on your work history and family situation. But what if the Social Security trust fund isn’t there to pay your full benefits? In this blog, we discuss what happens when Social Security goes insolvent
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