Of the two main schools of thought in retirement income planning, the probability-based school of thought is probably most familiar to the public and financial professionals. Its roots grow from…
As Halloween approaches, we see spooky decorations and scary costumes everywhere. After the holiday ends, fears over being able to retire comfortably will linger with the majority of Americans. According to a recent financial security index, 83% of Ame…
- Have you determined the total cost of administering your company’s retirement plan including a breakdown of how much each service provider receives?
- Does your 401k adviser talk to you about more than the plan investments?
- Do your current plan relationships allow you to focus on running your business, and not your retirement plan?
If you answered “No” to any of these questions, it is time to re-evaluate your relationship with your current 401k plan adviser.
The early years as a business owner are usually spent so wrapped up in your business that you invest all your money in it and neglect your own retirement accounts. Once your business becomes profitable, you’re stuck playing catch up on your retirement savings.
Business owners pour a great deal of time, energy and money into their companies without realizing that they’re treating their company as an investment for retirement by failing to invest elsewhere.