Investment Insights Blog | Plancorp | 401(k)

Own a Business? 3 Reasons 2020 is a Great Year To Review Your 401(k)

2020 has been hard for small businesses; those who remain open have often had to make painful operating decisions for all concerned. Hopefully, your employees understand you’re not taking those decisions lightly. But they can still be frustrating. Read more…

Start Your Company’s 401(k) Plan for 50% Off

For many business owners, starting a 401(k) plan is both expensive and an administrative challenge. 401(k) plans can be a great benefit to your employees, but is it worth it for you and your business? Read more…

3 Useful Company Employee Benefits Policies for High Earners

Employee benefits can have a significant impact on wealth accumulation, but the International Foundation of Employee Benefits Plans reports that 80% of companies struggle to get employees to read benefits materials. If you don’t correctly understand your company’s employee benefits policy, you Read more…

Cash Balance Plan Benefits —and Their Trade-offs

As a retirement plan advisor, I help business owners come up with the right mix of benefits to build a secure retirement for themselves and their employees. Yet there are so many options beyond the familiar 401(k) plan that busy owners can struggle to keep all the details straight. One option that Read more…

10 Things To Do Now If You’re A Decade Away From Retirement

For most of your life, preparing for retirement probably wasn’t a high priority. But as the years count down on your career, nerves set in and rhetorical questions start flooding your head: Have I saved enough? Did I invest too aggressively? Do I have the right kind of insurance? Read more…

3 Ways to Strive for Financial Freedom—Even During a Pandemic

We live in uncertain times. The deluge of depressing news only reminds us of the many things that are out of our control. Read more…

7 Tax Reduction Strategies to Help Your Portfolio During a Crisis

When events such as COVID-19 occur, investors often feel at the mercy of wildly fluctuating portfolios. Investing in the market involves risk — your portfolio will go down. And according to the math of percentages, the more significant your losses, the more returns you’ll need to break even. Read more…

What Business Owners Should Look for in a 401(k) Advisor

We know business owners don’t start their business to oversee healthcare plans or manage a 401(k) plan. However, benefit plans are necessary to recruit and keep employees, so it’s important to find someone you can trust will help your plan, your employees, and your business. Read more…

The Ultimate Checklist to Improving Your Finances — and Your Mental Well-Being

Financial health is so intimately connected to mental well-being. This checklist can show you how to get a hold of your finances and, in turn, lessen your stress. Read more…

5 Costly Roth Conversion Mistakes to Avoid

A partial Roth conversion is one of my favorite tools to help clients manage their retirement income taxes, so I get frustrated when I see that tool used in the wrong way.  Read more…

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