The Internal Revenue Service (IRS) has announced significant updates for 2024, impacting various retirement plans, including 401(k), Individual Retirement Accounts (IRA), and Roth IRAs. These changes, primarily influenced by cost-of-living adjustments (COLA), offer important implications for individuals and employers in planning their retirement contributions and strategies. 1. 401(k) Plan Contribution Limits For 2024, the contribution […]
Have you ever dreamed of leaving a lasting mark on the world, one that resonates with your values and vision? Since we are now in an era shaped by global violence and economic uncertainty, it’s no surprise you might be seeking a connection to the good in the world once again. Yet, within this backdrop […]
When business owners go into business, it’s easy to assume that’s because they understood the business. But that’s the furthest thing from the truth. They went into business to do what they loved, and things like cash flow aren’t necessarily first on their minds. In this episode Rocky Lalvani of Profit Comes First discusses the […]
On a very personal note, words seem insufficient to express my deepest gratitude to our veterans. Their courageous and selfless sacrifices in keeping America safe and preserving our cherished freedoms. Gratitude for Our Veterans: Recognizing Sacrifices and Liberties Thanks to them, we enjoy privileges that are far from universal. We’re fortunate to vote in a […]
We are coming to the end of the year and it’s time to give serious thought to donating to your favorite charities. They will love you and you have the opportunity to have a huge impact. Here are just a few ways to make this happen. Think about which charities you wish to give to. […]
In the competitive corporate landscape, attracting and retaining executive talent goes beyond offering a top salary. Today, savvy companies are looking toward more comprehensive compensation packages, where tools like Split-Dollar Life Insurance (SDLI) complement traditional 401(k) retirement plans. This strategy not only enhances the value of an executive’s compensation package but also signals a commitment […]
Today’s world is evolving rapidly, making it more challenging than ever to attract and hold onto talented employees, particularly senior management. Here are some strategies that might be beneficial, and these require thoughtful conversations: Secure key talent with a Deferred Compensation Plan. Establish a “Split-Dollar” insurance program for your executives. Consider a creative match for […]
Stepping out of a business is a formidable challenge, fraught with emotional and pragmatic hurdles. After all, when you have poured everything into building something, it’s an almost impossible undertaking to leave it all behind. In this episode, Elliot Kallen brings on Laurie Barkman, author of The Business Transition Handbook, to discuss the intricate journey […]
Even for today’s most financially savvy retirees, the journey to retirement can be much like navigating a labyrinthine maze. With a multitude of financial instruments, ever-changing regulations, and an unpredictable economic landscape, plotting a course to a secure retirement can seem daunting. Enter the Retirement Income Specialist, your compass in this intricate terrain, ensuring you […]
Elliot Kallen, CEO of Prosperity Financial Group in Northern California, has become an unstoppable force in teen suicide prevention and mental health awareness. A Brighter Day, founded in 2015 after the tragic loss of his teenage son, Jake, is helping parents and teens across the country. Saying that a financial advisor only deals with money may be the […]
