Planning Your Financial Future: The 5 Ws You Need to Consider to Walk Away
Planning your financial future is intimidating, so Fiduciary Financial Partners recommends starting with 5 Ws – Who, What, When, Where & Why.
What Biden’s Tax Proposals Mean to Your Financial Plan
By Nicholas Economos, CRPS® and Miaciah Manuel, CFP® Key Points Thinking with a tax mindset: While changes in taxes aren’t a certainty, if they do happen, investors should increasingly consider thinking about their financial plan and portfolios with a tax mindset. Changes in policy should trigger changes in behavior: The recently proposed changes would affect…
2020 IRS Contribution Limits for Retirement Plans
By Nicholas Economos, CRPS® Earlier this month, the Internal Revenue Service announced cost‑of‑living adjustments and increased retirement plan contribution limits for tax year 2020. The IRS raised the 401(k) contribution limit by $500 to $19,500, but the limit on contributions to individual retirement accounts remains $6,000. For plan participants aged 50 and over, the 401(k) catch-up contribution limit will also…
Creating Financial Plans To Spark Retirement Joy
By Miaciah Manuel, CFP®, Fiduciary Financial Advisor Our last post on The Fiduciary Advisor blog talked about decluttering and organizing our finances Marie Kondo style to spark joy. Most of us enjoy talking about our dreams and values, but financial planning to realize our dreams can be stressful without a straightforward approach. To this end, we recently presented…
Organizing Finances Marie Kondo Style To Spark Joy
By Miaciah Manuel, CFP®, Fiduciary Financial Advisor Getting organized is such a hot topic right now, a Wall Street Journal article on decluttering books cluttering our bookshelves was front-page news earlier this month. Annual print sales of books on organizing nearly doubled in the past year, as authors chased one of the hottest trends and the…
Fiduciary Fun: Goals & Values Brainstorming
By Miaciah Manuel, CFP®, Fiduciary Financial Advisor Fun isn’t usually the first thing that comes to mind for most people when the word “fiduciary” is mentioned — but what isn’t fun about dreaming up the best possible life for you and your family? Even more fun, what if you had a systematic way to prioritize those…
Fiduciary Risks Webinar Recap
By Nicholas Economos, CRPS® Last week on The Fiduciary Advisor blog we recapped our fiduciary financial planning educational webinar series to date for participants in the retirement plans of our plan sponsor clients. Now we turn our focus to plan sponsors themselves, and the series we launched last month with the webinar Fiduciary Risks: A…
Fiduciary Financial Planning Webinars
By Miaciah Manuel, CFP®, Fiduciary Financial Advisor Earlier this year, we launched a fiduciary financial planning webinar series to help educate retirement plan participants on five steps they can use to put their goals first in personal financial plans. Our mission is to change the world one plan at a time, and financial education on proven…
Four Tips To Boost Your Employees’ Retirement Outlook
As many employees look ahead to retirement, 47% of workers feel somewhat confident that they’ll have enough money saved to retire on time and then live comfortably.1 However, forward-thinking employers have the ability to help their employees work toward a confident and happy retirement. According to the 2018 Retirement Confidence Survey from the Employee Benefit…
Risky Business: Why Plan Governance Matters
Participant-driven lawsuits are on the rise, and employers are facing heightened scrutiny of the way they manage their retirement plans. In today’s continually-evolving regulatory and legal environment, it’s more important than ever to make sure your organization’s retirement plan is both effective and compliant. A well-structured retirement plan governance program can help you pursue these…
Plan Sponsor Guide: How Protected Is Your Company’s 401(K) Plan?
Did you know cybercrime is a possible threat for your company’s 401(k) plan? Technology is evolving fast, but cybercriminals are evolving just as fast. Cybercriminals are now going after a plan sponsor’s company 401(k) plans and you could be liable if disaster strikes! You should be aware of the multiple cyber threats that can affect…
Why Should You Diversify?
As 2019 approaches, and with US stocks outperforming non-US stocks in recent years, some investors have again turned their attention towards the role that global diversification plays in their portfolios. For the five-year period ending October 31, 2018, the S&P 500 Index had an annualized return of 11.34% while the MSCI World ex USA Index…