Your workplace retirement account can play a critical role in your overall retirement strategy, especially with the dwindling of pensions offered by companies. Some people have excelled at putting money into their retirement plan at work and have found themselves at a commonly heard milestone. CNBC reported on findings that place 401(k) accounts at all-time… Read More
You probably read this headline and immediately thought to yourself, “I have always been told to contribute to my 401k.” You wouldn’t be wrong; you have heard that a lot. In fact, we tell our clients that frequently. However, like any “blanket statement” you hear, it’s important to drill deeper. So, to answer the question… Read More
The financial world is notorious for acronyms and vocabulary thrown out in general conversation with the assumption all know what they mean. “ Benchmarking a plan” is exemplary of this situation. The term/phrase is used frequently and often times the individual responsible for the 401(k) retirement plan has no idea what it means. Benchmarking your… Read More
On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. If you have any questions, reach out to us at Redwood. These limits are listed at http://www.irs.gov. 401(k)s. The salary deferral amount for 401(k)s remains… Read More
Have you ever wondered what a 401(k) is but are afraid to ask? Since 401(k) retirement plans are a frequent benefit offering in today’s world, many people hear the term but are not always sure what it means. You are not alone. A 401(k) is a tax qualified retirement account offered by many employers today. … Read More
Does your employer offer a retirement plan option? Do you contribute to it? Do you understand how it works? I have experienced much confusion about a 401(k) plan. If your employer provides one, or if you are an employer considering adding one, look over this quick guide for common areas of confusion. What is a… Read More
Insurance is a common hot button for people. We know we should have it, we’re just not sure why? The life insurance conversation, while being a tough one, is a conversation that we conceptually understand. If I am not here anymore, my family needs “insert need/amount here”. The car insurance conversation is a simple one,… Read More
Providing a Retirement Plan for the employees of your business can be confusing. The responsibilities of running a business is complex enough without adding additional concerns and duties. The role of a Financial Advisor for your plan is integral in the proper running of the retirement plan. The team helping with the administration of your… Read More
As a small business owner, there is a long list of financial decisions that you need to make on a daily basis. One of the most important decisions is figuring out how you will plan your retirement and the offerings of retirement accounts to your employees. Small business owners carry the added duty of handling… Read More
As a small business owner, there is a long list of financial decisions that you need to make on a daily basis. One of the most important decisions is figuring out how you will plan your retirement and the offerings of retirement accounts to your employees. Small business owners carry the added duty of handling… Read More