For businesses owners who have not yet implemented a company sponsored 401(k) plan, the deadline for adopting a Safe Harbor 401(k) for calendar year 2019 is approaching on October 1st.
“It’s classic, time immemorial. Hutch I starts it, Hutch II grows it, Hutch III blows it. Shirtsleeves to shirtsleeves in three generations.” The fact is only 10% of affluent family wealth makes it to the third generation.
With a full year of independence now behind us, we are really hitting our stride. Compiling a team of professionals to serve the unique needs of our clients has always been our top priority. We’ve been lucky to have associated with fantastic staff and I’m excited to share some updates with you.
The persistent low savings rates among citizens in the United States and the ongoing retirement crisis make headlines regularly. This post is NOT about that. There is a lesser known crisis - exceptional savers can be terrible spenders. Those who have the gene to save, so-called “Super Savers”, have created incredible attitudes, systems, and habits around the accumulation of money. In fact, they’ve become so good at saving that it becomes challenging to spend later in life.
Dear Kids, I’m often asked by your parents how best they can begin teaching you basic financial concepts. This post is just for you. Regardless of age, there is something in here for everyone. I’m going to give you 4 basic tips that will put you squarely on the path to a financially successful life.
We have been hosting our annual Economic Outlook breakfast since January of 2009. If you were unable to attend, fear not as we’ve boiled down the main points and also updated our popular annual Asset Class Return Quilt.