As I reflect upon my 11 year old daughter after her last Lacrosse practice of the 2019 season, I can’t help but relate her journey to investing. You see it was 5 years ago that she walked on to the lacrosse field for ...(more)
One of the big discussions in the profession is choosing the age retirement should be planned to. Should it be age 95? Age 100? Some other age?
Here’s a good brief discussion on the implications of choosing an age: ...(more)
If you were to call an impromptu employee education meeting and quiz your employees on a few 401(k) basics, how do you think they would fare? Would they know the answers to questions like: “At what age can you withdraw ...(more)
Have you ever been asked, “What’s your money personality?” It’s not a question many of us have ever been verbally asked before, much less stopped to consider how to answer. Does the thought of updating your budget and ...(more)
Nothing is more unsettling than a roller coaster stock market, which can send participants into panic mode as they nervously watch wild dips in their 401k plans.
Always remember the time-honored saying: it’s a ...(more)
Most people have the illusion that they have steady income. This is another example of recency bias (as it relates to income in this post) where people have become accustomed to their current income and forget it ...(more)
If you have accumulated fund in your child’s 529, congratulations!
You are probably a member of the elusive Savers who plan ahead and hate debt. A savers’ immediate instinct is to use all the designated savings ...(more)
Sure, there’s the rush of buying, but why?
It boils down to the Diderot Effect.
In 1763 philosopher Denis Diderot was paid a large sum of money for his library by Catherine the Great.
He purchased a ...(more)
4 tips for forward-thinking plan sponsors
As we settle into the new year, we tend to opt for positive change and set goals for near-term improvement like shedding a few pounds or learning a new skill. But what about ...(more)
Business owners often express how hard it is for them to attract and retain talented employees who are key to business operations. I just spoke with a client this morning who told me “we recently lost a very key ...(more)
One of the more popular ways to use your self-directed IRA to invest in real estate is by using the IRA/LLC structure. A self-directed IRA requires using a custodian which is responsible for holding and administering ...(more)
Self-directed IRAs are a little known tool which allows you to invest in real estate (among other things) and get all of the tax benefits that an IRA gives you. There are several qualified retirement plans that you can ...(more)
The reason most of us have an estate plan is to make things as stress free as possible for those we leave behind. That’s why we spend the time and money necessary to get our estate planning documents in order and make ...(more)
Health Savings Accounts are perhaps one of the most underutilized retirement planning tools available. HSAs are arguably one of the most tax friendly ways to save for retirement since they offer a “triple tax benefit”. ...(more)
One of the most popular employee retirement benefits is the 401k account, but why do companies offer 401ks to their employees? After conversations with hundreds of business owners and corporate executives, the reasons ...(more)
As we experience the last act of this equity bull market, advisors are looking for places to protect client funds with a potential of earning returns greater than that available from cash equivalents. As the chart below ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.