Sometime around the age of 50 or thereafter, we start to think more seriously about retirement. After all, the kids (if we have them) are out of the house or relatively self-sufficient, we’re at the peak earning stage of our careers, and thoughts of soon having time for whatever we please are becoming more and […]
Are your savings goals on track? The third week of October marks the beginning of National Save for Retirement Week, a national effort dedicated to raising awareness about the importance of saving for retirement. Considering the state of retirement savings in America, it’s a perfect time to reflect on your personal retirement goals.
As an architect and possibly a firm owner, you work long, hard hours to maximize revenue and manage costs. You wouldn’t think of overpaying thousands of dollars for labor or building supplies, or letting cash go unaccounted for, but unfortunately when it comes to retirement plans, many firm owners leave a lot of money “on […]
Many financial companies encourage Americans to plan for retirement, but retirement is more than an event—it’s a long term experience. So that means it is extremely important as well as enjoyable to plan for life in retirement, to plan for moments of exhilaration coupled with spans of relaxation.
Offering a 401(k) retirement plan for your practice to participate in is a great benefit. Getting your employees to appreciate and take advantage of this benefit is often a challenge. However, a retirement plan with engaged, informed and participating employees is a successful retirement plan.
Practice owners have a lot on their minds. There are all the administrative tasks managing a practice entails—billing, collections, keeping accounts, payroll, taxes and so forth. There are marketing and selling, hiring and supervising employees—and a thousand more. As tough as it is to keep on top of all these matters, many women who own […]
The financial crisis of 2008 has had wide ranging and long term implications for many Americans especially architects who have faced severe hardship—with the closing or downsizing of many firms—leaving architects and their staff jobless for months or even years, according to a 2012 issue of Architectural Record. More recently, there have been improvements in […]
“The way to get started is to stop talking and start doing.” – Walt Disney The time for planning for your future is now. But in today’s fast paced, hectic world many people put off important decisions until another day. The excuses—”I don’t have time to plan,” “I can’t afford to invest,” and “I really […]
Group Variable Annuity Contract sounds like a complex term, but the reality is much simpler and certainly not something to avoid when a business is considering a 401(k) plan provider. There are a number of misconceptions attached to this term and annuities in general. One misconception is that merely because a plan is held in […]
We have all heard how valuable it is to start planning for retirement early. When it comes to providing employee benefits, architectural firms sometimes view a retirement plan as a second-tier benefit to be added as the firm grows. Some may also have the misconception that they don’t have enough employees to start a plan or […]