News from Kampstra Wealth Management
Cashing Out on Tomorrow: When Personal and Market Economies Diverge
For plan sponsors, current market and economic conditions present a pressing imperative to educate participants on alternative strategies to help effectively manage debt and budgeting challenges — without jeopardizing retirement readiness.
Estimating Your Financial Needs for Retirement
Many people have been saving for retirement without taking the time to figure out how much they’ll need when they eventually retire. How do you know if you’re saving enough if you don’t know how much you’ll need in the future?
Millennials Redefining Retirement
According to over 50% of Millennials surveyed, obtaining “financial independence” is a more significant indicator of retirement than simply turning 65.
Navigating Health Savings: Your HSA Guide
An HSA is a type of specialized savings account where you can deposit pre-tax funds to pay for approved medical costs. Here’s everything you need to know.
Turning the Tide on Employee Engagement
Compared to four years ago, employees report feeling more disconnected from — and less satisfied with — their employers. The company’s retirement plan can be leveraged as a powerful tool to help increase engagement and combat many of the negative sentiments among today’s workers.
What is the Value of Your Business?
As a business owner, ascertaining the value of your business is important for a variety of reasons, including business succession, estate tax estimates, or qualifying for a loan.
There are a number of valuation techniques, ranging from the simple to the very complex. Outlined below are three different approaches to valuing a business.
Beyond Compliance: Make Every Communication Count
Optimize your communications to connect with employees on a personal level, encourage informed decisions, and foster more active engagement with their retirement plan and their financial future.
Building a Nest Egg for Two
Both spouses can and should be involved in building up the retirement account – even if there’s one income earner! Here are some ways:
Help Participants Avoid These TDF Missteps
TDFs offer participants many advantages: a simplified investment decision-making process, diversification by professional fund managers, automatic rebalancing, a glide path strategy that adjusts risk over time, and much more. Given the popularity of these funds, plan sponsors should help ensure participants understand how their TDF works to maximize their potential benefits — and avoid common missteps that can undermine their retirement strategy.
Tax Tips to Maximize Retirement Savings
Retirement represents a major turning point in one’s life, so it only makes sense to develop a customized retirement income plan.
News Archive
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Securities offered through Osaic Wealth, Inc. Member FINRA/SIPC. Advisory Services offered through Osaic Advisory Services, LLC (Osaic Advisory). Osaic Wealth and Osaic Advisory are separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth and Osaic Advisory.