Brian Halbert, AIF® on LinkedIn: New SECURE 2.0 regulations now in effect in 2024: Is your 401(k) in… (2024)

When it comes time to sell the family business, emotions can run high! Defining a successful exit brings about generations of hard work, dedication and memories. For many, those emotions can blur the lines of what needs to happen. Here is a great article when contemplating what an exit looks like. There are some great ideas when it comes to Perpetual Purpose Trust (PPT), Employee Ownership Trust (EOT), and Employee Stock Ownership Plan (ESOP). #familybusiness #optimizedoutcomes #whealthy #integratedplanning #savingsstack #participantexperience

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Digging into the Vanguard - How America Saves 2024 report! Unbelievable information for nerds like myself!BUT......I am struck by one of the first pieces of data.....25% of trading days in 2023 saw a change in +/- 1% compared to 48% in 2022. AND, no trading day saw a +/- 3% change in 2023. There is a lot to how that happens. It is especially interesting when all we heard (from the experts) was how a recession was imminent. #familybusiness #optimizedoutcomes #whealthy #savingsstack #integratedplanning #participantexperience

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85% of employees are wanting education on retirement income planning.Meaning, they want to know how to take their 401(k) nest egg and turn it into a constant stream of income. They are looking for help from their employer on how to do this. When you provide annual education - are you constantly pushing the boundaries to encourage your employees?Or are you just checking the box?#familybusiness #optimizedoutcomes #participantexperience #integratedplanning #whealthy #savingsstack

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Interesting stats to start your Wellness Wednesday --76% of employers offer some sort of equity compensation. 67% of participants would attend a session on how to maximize their stock plan benefit for retirement. If you are offering equity comp, your employees want more education. In fact, they are asking you to provide education on how the total compensation package can provide a dignified retirement. The truly interesting part - most employees will not ask for the equity comp training. They will try to find it on their own. As employers, the opportunity is to provide a fun and upbeat training/education session that employees appreciate. If you want ideas on topics, I've got plenty!#familybusiness #integratedplanning #optimizedoutcomes #savingsstack #participantexperience #whealthy

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Great insight!!In most cases, a small enhancement (like a consistent salary) can incrementally increase results down the line!!Thanks for sharing Jill Koob, SPHR, SHRM-SCP 🌟

554 days until the TCJA (Trump Tax Cuts) sunset!⛅ If you are looking for ways to protect your business, your wealth, your family and your estate, look no further! There are (typically) 10 key areas that these tax cuts will impact for most business owners. All 10 areas have a direct impact on what you have built. Most importantly, these are the 10 areas you need to protect moving forward! In the next 554 days -- make 💯 % sure your hard work gets protected!#familybusiness #optimizedoutcomes #integratedplanning #whealthy

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When it comes to enhancing your benefit portfolio, the younger workforce is willing to pass up money for personalized benefits. 86% of Gen Z prefers better benefits over more money.83% of Gen Z, and 78% of Millennials, want personalized investment help inside the 401(k).55% of all employees believe financial advice through their employer is warranted (62% of Gen Z, 56% of Millennials).Both the Millennial and Gen Z crowd, when surveyed, said 'through their 401(k)' is how they expect to receive investment advice/planning. This is a key stat! If you want to close the retention gap for the Millennial and Gen Z crowd, personalize the advice and guidance offering within your benefit portfolio. Want to more info on how to customize and tailor the 401(k) benefit stack -- reach out to me! I have a 3-step process that will get your plan tailored for your employees!#familybusiness #optimizedoutcomes #whealthy #participantexperience #integratedplanning #savingsstack

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Interesting read for business owners. Are you closely monitoring the 'type' of taxes you pay? Direct vs. Indirect? Property/Asset based vs. Transactional?It may become very useful down the road to start paying close attention to these types of taxes. With the TCJA expiring in 18 months, there are discussions taking place that could directly impact ownership in small, closely held businesses. #familybusiness #optimizedoutcomes #integratedplanning #whealthy #savingsstack

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#themoreyouknowCyber crime is becoming more and more complicated.

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45% of parents have gone into debt for the family vacation. Have you done the same?On average, parents are 'financing' $1,983 for their annual vacation trips. The main excuse -- they want the 'experience' and aren't worried about the debt. Debt is a slippery slope. It can lead to bad financial behavior down the road. #familybusiness #optimizedoutcomes #savingsstack #whealthy #integratedplanning #participantexperience

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