To our advisor friends: it's time to vote for NAPA's Best Recordkeepers! Will you put in a good word for 401GO? #retirementplanning #financialadvisors #recordkeeping #retirement https://hubs.ly/Q02Gkhrb0
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Excited to share Vanguard's "How America Saves 2024" report. This year's insights reveal record-high participation and savings rates, increased adoption of automatic enrollment, and more. A must-read for anyone involved in retirement planning. #RetirementSavings #Vanguard #FinancialWellness #HowAmericaSaves [Link to the report]
How America Saves 2024
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An HSA is a funded account, similar to an individual retirement account https://buff.ly/3TCwUsd To learn more about the services and resources we offer to protect your business, use the link to visit Guardian Background Services - https://buff.ly/3MCdcaR #humanresources #backgroundcheck #hiring #drugtesting #tenantscreening #propertymanagment #tenant
Weighing the Pros and Cons of HSAs
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🎯 Time for a reality check! 🎯 Vanguard's latest How America Saves report is out, and it's a treasure trove of insights. 📊💡 Here’s the lowdown: Median 401(k) balances soared from $25,775 in 2019 to $35,286 in 2023. Even with inflation, that's a win! 💸📈 For savers aged 55 to 64, average account balances are at $244,750. But hold on—the median for those nearing retirement is only $87,571. 😳 There's still a lot of work ahead. These figures remind us of the importance of staying on top of our retirement planning. Let’s use this data to drive better outcomes for everyone. #401k #retirement
How America Saves 2024
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What is a 401(k)? Here's what you need to know about these retirement accounts.
401(k) Employer-Sponsored Retirement Plan
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The comprehensive plan data in How America Saves 2024 puts the trends of the retirement industry right at your fingertips—so you can stay current, create stronger plans, and provide better participant outcomes.
How America Saves 2024
institutional.vanguard.com
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Background Screening | Drug Testing | Aptitude & Integrity Assessments | Providing you the “knowledge to protect what matters”
An HSA is a funded account, similar to an individual retirement account https://buff.ly/3TCwUsd To learn more about the services and resources we offer to protect your business, use the link to visit Guardian Background Services - https://buff.ly/3MCdcaR #humanresources #backgroundcheck #hiring #drugtesting #tenantscreening #propertymanagment #tenant
Weighing the Pros and Cons of HSAs
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Every year thousands of people retire. It’s a milestone that you might be looking forward to in 2024 with excitement. It’s also a life event that you may feel nervous about. Spending some time preparing for the next chapter of your life could mean you feel more confident about stepping away from work. If you’re hoping to retire next year, here are five practical steps you could take now:
From our recent newsletters: 5 practical steps you could take if you want to retire in 2024: https://lnkd.in/ePTNKpAw
5 practical steps you could take this year if you want to retire in 2024 - Positive Wealth
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Account Executive | Shamrock Office Solutions: helping small businesses take back their time and cut operating expenses.
Thrilled to see there are THREE articles about #HealthcarePlanning in the most recent "Weekend Reading For Financial Planners" from Kitces.com ⭐️ Article 1: "HSAs As 'Medical IRAs': A Great But Neglected Strategy" by Steve Garmhausen, Financial Advisor Magazine: HSAs offer a "Triple Tax Benefit" that includes tax-deductible contributions, tax-deferred growth, and tax-free withdrawals for qualified medical expenses. Medical expenses in retirement and the unique tax benefits of HSAs mean that these accounts can be a valuable supplemental retirement vehicle, AKA, a "Medical IRA." The article then goes on to talk about how #FinancialAdvisors can help clients understand HSAs and use them effectively. ⭐️ Article 2: "Assessing Health Insurance Options For Early Retirees" by Gail MarksJarvis, The Wall Street Journal: This is a topic we talk about a lot at Caribou; in fact, our CEO is quoted in the section of this article that talks about short-term health plans. Clients retiring before 65 have a unique situation when it comes to their healthcare coverage options to bridge the time between their retirement date and becoming Medicare-eligible. Financial advisors can add significant value to their clients by comparing the various options and helping them select the one that meets their needs, preferences, and budget. ⭐️ Article 3: "Helping Clients Plan For (Unknown) Retirement Healthcare Expenses" by John Manganaro, ThinkAdvisor: This article highlights the data from a study conducted by HealthView Services, Inc. showing the estimated costs of healthcare expenses in each year of retirement. The study suggests that an individual using a fixed-withdrawal-rate approach from their portfolio might find that they have insufficient assets to cover larger late-in-life medical bills. The article goes on to stress how important is for advisors to focus on retirement planning for clients as they near their retirement date. As I always say when talking about healthcare cost estimates, it's a good starting place...but for truly accurate and comprehensive financial plans, personalized HealthPlanning Analyses are a must. What was your favorite article in the most recent "Weekend Reading For Financial Planners"? Comment below! ⬇️ https://lnkd.in/eZwnYx-6
Weekend Reading For Financial Planners (May 4-5)
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We are hosting an event specifically for retirees & those planning for retirement in the Toledo area. You are going to want to check this out ⬇️ Event Details: 📅 Date: August 27 🕒 Time: 5:30 - 6:30p 📍 Location: Claude's Prime Seafood (Perrysburg, OH) What you'll gain: - Expert insights into income-generating strategies - Tips on diversifying your portfolio - Q&A session with a financial expert Click the link to sign up! #RetirementPlanning #FinancialFreedom #InvestSmart
Retire with Confidence: Ways To Generate Income From A $500,000+ Portfolio
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We often dedicate significant time to planning our retirement benefits, such as 401(k) plans, deferred compensation plans, FRS or FERS retirement plans, and IRAs. However, many overlook the importance of planning for Social Security retirement benefits, treating them as an afterthought. This is a mistake. Social Security retirement benefits can amount to over $1 million throughout your retirement, making it crucial to consider your options and optimize these benefits. Let's explore some strategies to help you get the most out of your Social Security retirement benefits.
Medicare Basics: What You Need to Know | Northstar Financial Planners
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