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Written by: Dan Stevens, Financial Advisor at Burnham Gibson Wealth Advisors These ten questions can be for a current advisor, or great questions to ask any prospective advisor you may consider hiring. Either way, your chosen financial professional should have satisfactory answers to each of these questions, and you deserve to know them. 1. Are […]
Written by: Dan Stevens, Financial Advisor at Burnham Gibson Wealth Advisors The Great Resignation has affected companies all throughout the United States, and has been the result of a seismic shift in priorities within the labor market. While Covid has caused several changes within many firms, few businesses are truly conscious of the correlation between […]
Here are the essentials to know about your retirement plan: What is it? Your employer’s retirement savings plan is a defined contribution plan designed to help you finance your retirement. As a participant in the plan, you own an individual account within the plan that you contribute money to for your retirement. What are the […]
When we think of employee benefits in today’s traditional landscape, we don’t typically include wellness within that core definition. Instead, wellness is often considered a standalone strategy. But this can be a disastrous scenario, considering how employee benefits and well-being go hand in hand. Most employees think of the two as the same and expect […]
According to a recent Wall Street Journal article, retirement plans and IRAs account for about 60 percent of the assets of U.S. households investing at least $100,000.¹ Both state and federal laws govern the disposition of these assets, and the results can be complicated, especially when the owner of the account has been divorced and […]
The Internal Revenue Service’s (IRS’s) Employee Benefit Audit Program is used to audit and enforce. The IRS’s emphasis, with respect to defined contribution plans is on compliance with the requirements of the Internal Revenue Code (the Code), the plan’s tax qualification and administration of all plan documents. In the event of noncompliance with regulations, the […]