Alexander Berrey, Partner at Eighteen Financial Group, LLC

08/28/2024

The importance of employee retention plans – guide for advisors
As an advisor, you know how important employee retention is for clients who own a business. The “Great Resignation” reshaped the workforce, but as Robert Keebler says, it’s also a “Great Upgrade” – an opportunity for employers to elevate their employee retention game. In this article, Keebler describes various strategies, such as non-qualified deferred compensation plans, that can help your clients keep their key employees onboard.
https://bit.ly/471Iz9r

08/27/2024

For many newlyweds, the months after a wedding can be an exciting time. But they can also leave you questioning, "What now?" From paying off your wedding debt to growing your family, having a strategy can help ensure your financial future remains happy ever after. Reach out, and let's go over your goals together.

08/26/2024

Social Security benefits are a vital part of your retirement income. Know your options.
https://bit.ly/3XgHCXs

08/24/2024

Learn more about private mortgage insurance (PMI) and how it might impact buying a home.

It's been hard to avoid private mortgage insurance in an era of rising home prices and higher mortgage rates.

08/22/2024

IRS issues new guidance for inherited IRAs, digital advertising taxes, wealth taxes, industry updates and more. Planning ahead can help with the unexpected.

Our latest edition of Tax Breaks. Plus: IRS issues new guidance for inherited IRAs, saying no to bad tax advice, digital advertising taxes, wealth taxes and more.

08/21/2024

Mastering Family Business Dynamics
Succession planning for family owned enterprises is not just a business necessity; it's a commitment to preserving family harmony and ensuring the longevity of the business. Addressing the complexities of family dynamics and making informed, transparent decisions can help family business owners minimize future conflict both in the boardroom and in the family room. This article, by estate planning attorney Patricia Annino, provides basic principles and best practices for mastering family business dynamics. https://bit.ly/3YUxJQp

08/20/2024

As of June 2024, 26 states require that students take a personal finance course before graduating from high school. This proves to be a way to be better financially secure.

As of June 2024, 26 states require that students take a personal finance course before graduating from high school, according to Next Gen Personal Finance. This proves to be more financial education...

07/04/2024

Wishing everyone a joyful and safe Independence Day! As we enjoy the fireworks, BBQs, and time with loved ones, let's remember the significance of this day and the liberty we cherish.

06/18/2024

A common misconception is that a spouse’s income is enough to cover the bills in the event of a disability. But two-income households tend to have higher fixed expenses—like mortgage payments—than single-income families. Even if that’s not the case for your family, other discretionary expenses will likely suffer if one income is eliminated. Learn how you can protect your family’s standard of living by adding individual disability insurance to your plan. ** The Two-Income Trap: Are Two-Earner Households More Financially Vulnerable?”, Center for Economic Studies, June 2019

Read how an individual disability insurance policy from New York Life can offer personal income protection in the event of a disability.

06/17/2024

Sabbaticals are gaining popularity, offering a chance for personal growth, mental rejuvenation, and career reassessment away from work.

06/14/2024

Can the Fed cut rates when inflation and labor market data are still strong? Our Global Market Strategy team shares their view alongside new market-moving data.

With earnings growth, employment, and even Fed policy supportive of equities, we’ve seen equity markets reaching new highs. So, can equities keep moving higher?

06/11/2024

One shopping binge 18 years ago is not likely to have sent you down the path to financial devastation, nor will that horrible auto lease you jumped into before you were financially mature enough to know better. But if those two small mistakes were followed by routine overspending, adding to growing credit card debt, multiple refinances of your home mortgage on top of more car leases, those minor problems grew into major problems.

The antidote is to correct the small mistakes as they occur.