The Secure Act, passed in 2019, brought many changes to the retirement and financial planning landscape. We re-capped some of the biggest impacts of the original bill in a webinar that you can now access on-demand in the Plancorp resource library. Read more…
3 Best Investment Strategies to Consider to Meet Your Finance Goals
It goes without saying that traditional savings accounts aren’t enough to grow your money. As a type of investment, savings accounts are one of the safest places to put your money. The funds are liquid, so you can withdraw whenever and without penalties. However, these accounts are low-yield — Read more…
The Real Cost of DIY Finances
With a few practical skills and knowledge, DIY projects in your home or car can save you money. Financial planning, however, isn't the same as painting a room or replacing a headlight. In fact, DIY financial planning can cost you more than you think compared to the cost of professional help. Read more…
Succession Planning 101: What is It and Why Is It Important?
There comes a time that every business leader must ask themselves a question: "Before leaving my business, how do I go about planning for a successor?" With factors such as generational wealth, future goals, and executive strategies all tied up in your leadership role, you need to know how to Read more…
How to Build an Effective Exit Strategy for Your Business
While you might not equate your business exit strategy with a family vacation, it actually helps to think of it like one (metaphorically speaking, of course). You probably wouldn't wait until a couple of weeks before your departure to start planning the trip. You wouldn't hold off until a few days Read more…
401(k) Inflation and its Impact on Your Retirement Plan
With inflation continuing to rise, many investors are concerned about the impact that this may have on their 401(k) plans. These concerns have become even more valid as inflation rates continue to hit decades-high levels, reaching 8.52% in August 2022. Investments and their dividends don’t adjust Read more…
What to Look for to Improve Your 401(K) in 2023
As another year winds down, there is a lot on business owners minds. How do I keep my best employees? How do I reduce business expenses? Now is a great time to assess portions of your business. Is there a better, cheaper, way to do something? Is there a way to make your teams life easier? Read more…
Passing Your Legacy of Generosity this Giving Tuesday
Children naturally have a generous heart to help a friend or be concerned when someone is hurting. We hope those future young adults will continue to flex their empathy and compassion muscles, perhaps even with tangible stewardship of time and treasure. An added benefit is adding money topics into Read more…
