Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.
The Financial Professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Retirement Planning: Q&A For EmployersNews
Ah, retirement. It’s that magical time in life where you can finally kick up your feet and relax after years of hard work. But let’s face it, retirement planning can be a bit overwhelming, especially for employers who want to ensure their employees are taken care of. Retirement planning, in a nutshell, is the art […]
How Not to Get Sued 101: Fiduciary Responsibility For Business OwnersEmployer Resources, News
As a business owner, you’re the captain of your ship, and fiduciary responsibility is like the lighthouse that guides you through the treacherous waters of legal liabilities.
Managing Tribal Trusts: A Comprehensive GuideNews
Tribal trusts are a vital component of many Native American communities, providing important benefits to tribal members, such as healthcare, education, and housing. These trusts are often managed by employers who have a fiduciary responsibility to act in the best interests of plan participants. However, managing tribal trusts can be complex, with unique legal and regulatory requirements that must be met. In this blog post, we will provide a comprehensive guide for employers and plan participants on how to effectively manage tribal trusts.
Sit, Stay, Retire, Rollover: Let’s Talk Retirement Plan Rollover OptionsNews
A retirement plan rollover is a process of transferring funds from a qualified retirement plan, such as a 401k, to another retirement plan or an individual retirement account (IRA).
Tribal Council Retirement Plans: What You Need to KnowNews
In this blog, we will discuss the importance of tribal council retirement plans, the impact of the Pension Protection Act of 2006 on these plans, and how tribal governments navigate federal regulations to provide their employees with comprehensive retirement benefits.
Administering a 401(k) Plan: Who Does What?401(k), Employer Resources, News
The key players in administering a 401(k) or similar employer-sponsored plan include:
The plan sponsor, who appoints an officer or employee of the company as the named fiduciary (plan administrator).
The plan administrator, who may outsource certain tasks to service providers, but still retains ultimate responsibility for any outsourced activities.
The plan participants, who play a key role in the administration of the plan.
Service providers and regulators, who have specific responsibilities related to the plan.
Retirement Plan Options for Agricultural BusinessesNews, Retirement Plan Design
Agricultural business owners have distinct financial characteristics compared to the general population, such as higher personal savings and less dependence on social security during retirement. They also have income from both farming and non-farming sources. Therefore, it’s crucial for them to have a well-defined and comprehensive retirement plan. In this article, we will explore different […]
Secure 2.0: What The New Legislation Could Mean For You401(k), News
The Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0 offers solutions for a range of issues, including Required Minimum Distributions and student loan debt.
Retiring with a Spending Plan: How to Prepare Financially for Retirement401(k), News
Retirement is a major milestone in life and a time when you’ll have the freedom to enjoy your hard-earned leisure time. However, it’s also a time when you’ll be relying on your savings and investment income to support your lifestyle.
Everything You Need to Know About Retirement Plan DistributionsNews, Retirement Plan Design
Retirement brings you the opportunity to spend time on what matters most in life and finally relax as your career comes to an end. If you’ve taken the right steps throughout your career, then you may be in a position to receive Retirement Plan Distributions. These distributions can be crucial to living comfortably after you’ve stopped working.
Five Things to Do Five Years Before You Retire401(k), News
Retiring can be an uncertain time, but with the right planning and preparation, it can also be an exciting and enjoyable new chapter in your life. Here are five things you should consider doing five years before you retire: Let’s talk about each of these in detail. Look At Your Income Determine how much income […]
Qualified Retirement Plan vs CalSavers Program: What’s Better for Business Owners?401(k), News
The CalSavers program is a big step in ensuring all California employees have the right to a retirement plan, but if you’re a business owner you may want to think twice before enrolling. It can be advantageous to both you and your employees to set up a qualified retirement program. If you’re a business with […]
Should I have Both a 401K AND IRA?401(k), News
Retirement planning can be a daunting task. There are so many different investment options available, it can be hard to know where to start. One of the most common questions people ask is whether they should have both a 401k and IRA.
The answer to this question depends on a variety of factors, including your income, your age, and how much you want to save for retirement. In this blog post, we will discuss the pros and cons of having both a 401k and IRA, so that you can make an informed decision about which option is best for you!
Financial Wealth for Mental Health –News, Tribal Retirement Plans
Financial wealth for mental health—it’s a mouthful to say and it’s something that is so important, yet often overlooked. Financial stability is one of the key ingredients in having a good mental health outlook on life. Why? Because when you’re worrying about money, you’re not worrying about anything else.
Financial education is vital for tribal communities who have been historically marginalized and left out of mainstream financial conversations. When tribal communities have access to financial education, they see improvement in their mental health, overall wellness, and economic status.
In this blog, we’ll explore how financial literacy is the key to unlocking financial stability and mental health for tribal communities.
CalSavers Alternatives401(k), News
Retirement contributions are made and at some point if they are abandoned, what happens to them? You don’t want the government managing your money! 401k providers have stepped in and said that they’re going to offer low cost, basic options that are beneficial to employers and are much more customizable than CalSavers for users.
How to Attract and Retain Employees with a 401(k) Plan401(k), Employer Resources, News
According to a recent survey, four in five employees indicate they want benefits and perks more than a pay raise, and a 401(k) ranks in the top five requested benefits.
Why Should You Save for Retirement Early?401(k), News, Retirement Plan Design
It’s never too early to start saving for retirement! In this week’s blog post, we discuss the importance of starting early, why compounding interest can work in your favor, and outline some basic financial literacy concepts that will help you get started on the right foot.
What is Meant by ‘Financial Wellness’?News
The SECURE Act – Business Owners GuideNews
The SECURE Act, signed into law at the end of 2019, takes steps to address the retirement crisis and provides a host of benefits to business owners looking to sponsor retirement plans for their employees. These benefits include tax incentives, widened access for employers as well as greater inclusion for part-time employees. Let’s take a […]
Understanding Retirement Savings Plans401(k), News
Retirement Savings plans are complex, 401k, IRA, SIMPLE, it can be hard to know what’s important to pay attention to. This article lays out the terms in simple and easy to understand definitions.
Simple Guide to CalSavers for Business Owners401(k), News, Retirement Plan Design
Business owners are trying to decide if CalSavers is good enough for their employees. The fact is, it’s not as good as a custom plan designed for you. A well-designed retirement savings plan can attract and retain key employees as well as being a great way to do right by your people. Additionally, setting up a custom 401k retirement savings plan can have some tax benefits for Business Owners.
How Much Do I Need to Save For Retirement?Investing Inheritance, News, Retirement Plan Design
Are you wondering: How Much Do I Need to Save For Retirement? You are not alone. There is no one right number for everyone. Saving earlier can take advantage of compounding interest but all is not lost if you’re getting a late start!
wellness – planning, budgeting, saving for retirement, college funding and estate planning — and how they collectively define financial health.
YOUR RETIREMENT PLAN, MADE EVEN BETTERNews
Offering a company sponsored retirement plan is an important step in letting employees know you value them and care about their future. You can help take them to the next step on their road to retirement.
Midyear Outlook 2022News
Markets rarely give us clear skies, and there are always threats to watch for on the horizon, but the right preparation, context, and support can help us navigate anything that may lie ahead. So far, this year hasn’t seen a full-blown crisis like 2008–2009 or 2020, but the ride has been very bumpy. We may not be flying into a storm, but there’s been plenty of turbulence the first part of 2022. How businesses, households, and central banks steer through the rough air will set the tone for markets over the second half of 2022.
CalSavers vs 401(k)News, Retirement Plan Design
For some companies CalSavers can make sense as a retirement saving option for both the business owner and their employees. However, as time passes and the company grows, this option may no longer be the right fit.
Budgeting for a weddingNews
Being able to pay for all your desired wedding amenities requires careful planning, which means careful budgeting. And when it comes to making a budget for a wedding, there are a few important rules to keep in mind.
529 Plans: The Big Questions AnsweredNews
College Savings is important, we discuss several burning issues about these popular college savings vehicles. Assets in 529 college savings plans more than doubled in ten years, topping $370 billion at the end of 2019 according to the Federal Reserve. Interest in 529 plans has grown as students and parents fret over rising tuition costs and increasing student debt loads. These accounts offer many advantages for saving for higher education expenses, but it’s also important to know the rules about how they work.
Retirement Benefits That Benefit Employers, Too401(k), News
When it comes to job searches and accepting offers, good employee candidates have options.
It’s why employers must offer employee benefits that stand out in today’s market—and why a
4% 401(k) match may not cut it anymore.
Five Design Features Agricultural Companies Worth Considering in a 401(k) PlanNews, Retirement Plan Design
As a business owner in the agricultural sector, you may be considering starting a retirement plan for your employees, or you may already have a plan in place that needs some updating. From technology to employee education, there are particular challenges agricultural companies face when designing and communicating a 401(k) plan. We’ll share our top five features to consider when creating or updating your retirement plan.
How to Overcome Common HR Challenges in Your Tribal Organization’s Retirement Plan Pt. 2News, Tribal Retirement Plans
In the first part of this blog, we explained some of the standard HR and benefits challenges your tribal organization can avoid in your retirement plan efforts, including working with a financial advisor and tightening up your retirement loan policy. In part two, we explain how critical education is to the overall success of your plan and participants.
How to Overcome Common HR Challenges in Your Tribal Organization’s Retirement Plan Pt. 1News, Tribal Retirement Plans
As a human resources representative or benefits coordinator for a tribal organization, the implementation and management of your retirement plan generally fall within your responsibility. However, if your retirement plan and employee participation rates aren’t performing the way you would have hoped—or if you’re swamped with more work than expected—there may be areas within your plan that require some attention.
RWM Welcomes New Executive Assistant Desiree JacobsNews, Team Announcement
We are pleased to announce Desiree Jacobs as RWM Financial Group’s new executive assistant. Desiree has more than 21 years of professional experience in marketing and administrative support. Her background has broadened her exposure to various roles and responsibilities, giving her a diversified approach to problem-solving and marketing techniques.
Some of the Top Mistakes Employers Make When Building a Retirement PlanNews, Retirement Plan Design
As an employer, offering a retirement plan is one way to help your employees realize their post-career goals after their years of hard work. When you’re designing your retirement plan, there are key areas to be aware of based on your entity type, such as governmental agencies and non-governmental businesses in both non-tribal and tribal organizations. If you’re unaware of these various factors and differences, you could face administrative and legal challenges.
RWM Financial Group Introduces a New Website ExperienceNews
We’re happy to announce the rollout of our newly designed website, which provides you with a more efficient and convenient online experience. We’re committed to the modern, unique, and professional approach we extend to every client who walks through our doors—and we thought it was time our website reflected that same perspective. We worked hard […]
What to Consider if Your Inheritance Includes a Retirement AccountInvesting Inheritance, News
Did you recently receive an inheritance that included a retirement account, such as a 401(k) or IRA? You may wonder when you should and are required to take distributions and what investment strategy will be most effective for your financial situation. The main characteristic of a retirement program inheritance is that most beneficiaries must deplete […]
Brahm Named to LPL’s Executive Chairman’s ClubNews
We are excited to announce that Brahm Rossiter was recently named to LPL Financial Holdings’s Executive Chairman’s Club. This honor speaks to Brahm’s commitment to our clients and their unique financial needs. It is also a reflection of our clients’ loyalty in their relationship with us as a firm and their willingness to share their […]
How to Design a Retirement Program for Your Large or Small BusinessNews
Implementing a retirement program for your company is a significant step in attracting and retaining top talent, affording your employees long-term financial benefits, and scaling your business overall. Still, the features and benefits of retirement plans vary by business based on several factors. Which ones should your company consider? We’ll explain what small and large businesses should think about when designing a successful program.