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What’s on our mind? You can read about it in our blog. Whether it’s ideas from the industry or emerging trends, or topics to help you get your personal financial lifestyle on track, you can read about it here. We're glad to have you reading along.
It's been a strange and odd-feeling 2nd quarter. With vaccine levels rising and then capping out, hopes of a return-to-normal seemed to cap out as well. During this quarterly commentary, we talk about GDP impacts with personal finances...Read More
One of the most recent changes in 401(k) plans now requires that certain plan provisions need to be included in your plan document. The existing IRS timeline requires a PPA restatement, which is where plan documents are to be restated...Read More
As the country moves forward from the effects of the Coronavirus and the 2020 elections, it is time to consider potential key tax law changes that may affect you in 2021 and beyond. Given the 2020 election results and the Tax Cuts and...Read More
As I speak with business owners and plan sponsors about 401K plans, I have noticed that for many the term Fiduciary is the most misunderstood. It’s concerning, because if the Plan Fiduciary is not set up and administered properly...Read More
The unprecedented and unpredictable events, like we experienced in 2020, underscore the need for a strong process to manage your 401k. Why should you pay closer attention to the four main documents that embody the 401k plan? Because it...Read More
As we embark on our first post-pandemic year, more has changed than stayed the same. A new President-elect moves a focus from the economy, to a new focus on climate change, racial & L.G.B.T. equality, and government accountability. So...Read More
Mastering Difficult Conversations: Employee 401k Withdrawals When stuck in a sticky financial situation, an employee may need to rely on their retirement savings to help them get by. Depending on the rules of your company’s plan,...Read More
Today almost anyone may call themselves a financial planner. It can be a generic term and it doesn’t require extensive training or experience. Most articles, professionals, and industry associations will tell you that it is...Read More
What we are doing for your benefit Our team is working remotely and readily available at (585) 350-7273 to address any questions or concerns. Conducted a “Family Business COVID-19 Survival Guide Webinar” The team is...Read More
Family, Wealth & Legacy has a long history of making it easy for business owners to outsource the RFP process because we have a written RFP process, a 401K program and we do this many times a year, not just every 3 to 5 years. We can...Read More
As Harnish says, “growth sucks cash” and many businesses either fail or face significant losses due to not keeping an eye on their cash flow. It can be easy to overlook cash flow and focus on other business processes, but...Read More
Among other necessities, strategy requires a handful of executives to meet at least once a week, not once a quarter. You must spend time working on the business, not just in it. Core Values Harnish sees these as the rules and...Read More
Verne Harnish suggests that the first step to ensuring that you are scaling up your business properly is drawing in the right candidates, hiring them and retaining them. Topgrading is a method of hiring “A” Players and was...Read More
Of all of the execution tips and ideas within Verne Harnish’s book, the Rockefeller Habits Checklist is quite possibly the most important set of information. The list is comprised of 10 must-know habits that enable the successful...Read More