WPIM Shared Plan Advantage @WPPSPA

Feltz Wealthplan was voted by Omaha businesses as the 1st place winner for Retirement Planning and Investment Company. Thank you to all of our clients who make this possible. We appreciate you and look forward to working with you throughout 2024 and on! #retirementplanning

Millennials are on a better track for retirement than Boomers and Gen X (Via Vanguard Group). With the establishment of 401k plans within companies accompanied with auto-enrollment & auto-escalate, those new to the company are encouraged to save more for retirement at a young age

One question we get from employees is "what if i already have a Roth? How does this affect my contribution limits?" The participant is implying that they have a Roth IRA, which is different than a Roth 401k. The limits of each differ and a person is able to max out both if needed

How do you plan to celebrate 401(k) day?

401k and IRAs differ primarily in their setup and accessibility. While 401ks are provided by employers, IRAs are initiated independently through a broker or a bank. Both options offer many investment options, but 401ks have an advantage of allowing higher annual contributions.

Vanguard, one of the largest retirement-account recordkeepers, reported that the average annual employee contribution to a 401(k) in 2022 was 7.4% of their pay. While 7.4% may seem like a large amount, it is a great goal to have to guide you to retiring with financial wellness.

Our firm will be accessing a database that the government will develop that we will be able to search per person for any old retirement plan assets. Please be on the lookout for that message from us when it is a go!

PEPtalk @WPG_PEP

3 years ago

At the start of 2023, there were about 29 million neglected 401k accounts, collectively representing around 20% of all 401k assets in the US. Rolling all previous 401k plans into your current plan can prevent this and make it easy to keep track of all retirement planning assets!

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At the start of 2023, there were about 29 million neglected 401k accounts, collectively representing around 20% of all 401k assets in the US. Rolling all previous 401k plans into your current plan can prevent this and make it easy to keep track of all retirement planning assets!

Establishing a 401k plan helps attract & retain skilled employees, maintain a competitive edge, & show a commitment to employees' financial well-being and long-term security in today's job market. This not only feeds into employee loyalty, but overall business growth and success!

See attached for a better breakdown on this information! Once the employee count goes above 50, the govt. will still cover 50% of eligible start-up costs.

If a firm has < 50 employees and has not had a 401k, 403b, a SIMPLE, or a SEP in the preceding 3 calendar years, the govt. will cover 100% of plan start-up costs for the first 3 years in the form of a tax credit. There hasn't been a better time to establish a new retirement plan!

Did you know that an owner can save up to $22.5k annually into a Solo 401k? This number goes up to $30k if they are > 50 yrs. If you own a business with no employees or are a 1099 employee, a Solo 401k could be a great way for you to decrease your taxable footprint!

Some very interesting statistics. (via Business Insider, 2023) Investing regularly in funds offered in a 401k plan can be a form of passive investing called dollar-cost averaging. With each paycheck, a participant is regularly contributing to the investment options offered.

Diversification should be done between, and within different asset categories to set yourself up for success as an investor to create financial wellness. Today's video gives a breakdown on the importance of diversification for any investor type! For more info, link in bio!

How long do I have to save money so that I can retire? How much should I be investing? What if I cannot afford to save? All of these are common questions and concerns from workers all over the country. Today's video has tips that could make planning for retirement less stressful

Do you know how to maximize the tools available in your 401k plan? Are you as financially well or secure as you would like to be? As specialists, we may be able to provide clarity to clients as they build towards retirement goals. #retirementplan #401k #financialgoals

Risk tolerance and time horizon are two keys to understanding your asset allocation strategy. From there, you can set financial goals and diversify your portfolio accordingly. For more information, visit the website in bio or call the number listed in video! #financialplanning

Super interesting information about staying in the market!

Should Financial Advisors Re-Consider Company Retirement Plans? This partnership can be mutually beneficial for the Advisor and the Retirement Plan Specialist. Check out our latest piece on this relationship and how it can fuel business growth! wealthplan.group/should-financi…

What kind of investor are you? Do you plan on investing to, or through retirement? Target Date Funds can be a great investment tool. Today's video gives an outline on how you can use TDFs and an Investment Horizon to meet your financial needs/goals. For more info, contact us!