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Author: Cliff Cadle

giving tuesday strategies

Giving Tuesday: How to Factor Charitable Giving Into Your Financial Plan

Financial security is a top concern for many Americans. When it comes to planning for retirement, the necessity of saving enough money is front-of-mind for virtually every investor. But there’s one area where most people are missing out on an opportunity to build their legacy—charitable giving in their retirement plans. Though 2020 was a difficult year for many around the world, the numbers pointed to a heartwarming trend in charitable giving among the American public. Data collected by ​​the Fundraising Effectiveness Project found that giving was 7.6% higher throughout the first three quarters of 2020 than the prior year, and 25% more giving was done on Giving Tuesday. This month, in the spirit of Giving Tuesday, we’ll be outlining several strategies you can use to make charitable giving a fruitful part of your life and retirement plan. 1. Work giving into your budget Most people who are familiar with budgeting...

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great resignation

Counter the Great Resignation with Competitive Benefits

The Great Resignation has arrived. If you’ve never heard this term before, it refers to the mass exodus of employees that’s been happening in the workforce since the beginning of this year. Data from the U.S. Department of Labor report that April, May, and June of 2021 saw a massive 11.5 million workers leave their jobs—and the momentum hasn’t stopped. Microsoft discovered that 41% of surveyed workers are thinking about quitting, and according to research from Monster, 95% of employees are looking to make a transition. The COVID-19 pandemic served as a major catalyst for the trend. Pandemic-related business restrictions drove one of the most significant recessions in United States history, resulting initially in business closures and layoffs, and now, employers struggling to fill their open positions. So what are employers to make of all this? While the situation may look bleak, it isn’t hopeless. There are many ways you...

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Strategies to Boost Employee Retirement Plan Participation

You’ve worked hard to design a great retirement program for the employees at your company. Now what? Aside from the initial program set up, one of the biggest challenges business owners report facing is encouraging their employees to participate. In this version of The Segrust Group’s Cliff Notes video series, we discuss five strategies to boost employee retirement plan participation. These five strategies include: 1. Auto-enrollment 2. Contribution matching 3. Eliminating waiting periods 4. Education 5. Strong plan design Cliff Cadle, Founder of The Segrust Group, explains how each of these strategies can be used to encourage more employee participation in your retirement plan because a robust plan provides multiple benefits to your business and to your employees. For questions or more information, contact us at 866-966-9724....

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The Three Primary Factors that Should Influence your Retirement Investment Strategy

In this version of The Segrust Group’s Cliff Notes video series, we explain that when it comes to long-term investment decisions for your retirement, three primary factors should influence your investment strategy. 1. Your financial goals 2. Your risk tolerance 3. Your time horizon Cliff Cadle, Founder of The Segrust Group, explains the impact of these three critical factors and how they can drive your financial strategy to help achieve your long-term retirement goals. For questions or more information, contact us at 866-966-9724....

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how to boost retirement plan participation

5 Ways to Boost Retirement Plan Participation with Employees

So, you’ve worked hard to design a great retirement program for the employees at your company. Now what? Aside from the initial program set up, one of the biggest challenges business owners report facing is encouraging their employees to participate. Why does this matter? To start, contributions (both from you and your employees) are paid for with pre-tax dollars. This provides the dual-benefit of reducing your workers’ taxable income and your taxable revenue, which results in less money going to Uncle Sam at the end of each year. Furthermore, the ability of eligible employees to participate in some type of retirement savings plan is required by the IRS. Compliance with these rules is measured by a set of tests, all of which are easier to pass if employee enrollment in your plan is high. In addition to the immediate benefits to your company, retirement plan enrollment directly impacts the welfare...

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ESG Investing: What you Need to Know about this Retirement Plan Investment Strategy

ESG investing is a hot subject in the corporate retirement plan investing world right now. Attracting the attention of individual investors, fund managers, and regulatory bodies, ESG has shaken up conventional ways of looking at and evaluating plan investment strategies and generated both positive responses and criticism from many in the field. Today we’ll break down all the major things you should know. Let’s start with the basics. What are ESG investments and why are plan sponsors requesting more ESG investments for their corporate retirement plans? ESG funds are comprised of carefully-selected assets that are assessed on three categories of factors—environmental, social and (corporate) governance. These considerations help to form a more holistic view of the company and the investment. When paired with traditional stock valuation strategies, the analysis of these factors is referred to as ESG integration. Environmental: Environmental factors look at the impact to the planet of the...

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A Primer on Retirement Plans for your Professional Practice

As the busy owner of a professional practice, whether that be veterinarian, dental, orthodontic, wellness, consulting, or ophthalmologist to name a few, you have a lot on your plate. From working with your patients, to handling administrative tasks, to trying to get enough sleep, there are many things competing for your attention on a day-to-day basis. Developing a retirement plan for your employees is yet another aspect that can be tricky for some professional practice owners to navigate. With so many different options available, many owners wonder “which kind of plan should I offer my employees?” or “should I offer a retirement plan benefit at all?” Offering the right plan for your professional practice can be a worthwhile investment with benefits for both you and your employees. Here’s a break down of the benefits, as well as several unique retirement plan structures you can choose from. Benefits of Having a...

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Planning for Marriage: Financial Tips for Women

 Planning for marriage should involve more than just picking out invitations and deciding whether you should serve chicken or fish at the reception. More importantly, you’ll want to take a look at how marriage will impact your financial situation. And while there are a number of issues you’ll need to think about, careful planning can increase the likelihood that you’ll have financial success as you enter this new chapter in your life. Consider a prenuptial agreement If either you or your future spouse has or may inherit substantial assets, or if either of you has children from previous marriages, you may want to consider a prenuptial agreement. A prenuptial agreement is a binding contract between future spouses that defines the rights, duties, and obligations of the parties during marriage and in the event of legal separation, annulment, divorce, or death. A prenuptial agreement typically addresses the following areas: Assets and...

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Eleven Ways to Help Yourself Stay Sane in a Crazy Market

Words to ponder “Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.” –Warren Buffett “Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble … to give way to hope, fear and greed.” –Benjamin Graham “In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” –Peter Lynch Remember that while they’re sound strategies, diversification, asset allocation, and dollar cost averaging can’t guarantee a profit or eliminate the possibility of loss. All investing involves risk, including the potential loss of principal, and there can be no guarantee...

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