Bottom Line Up Front When you’re self-employed, you’re in charge of everything – from client work to finances to your future retirement. And unlike traditional employees, you don’t have a built-in retirement plan waiting for you. That makes it even more important to find tax-smart, high-impact savings tools. One option that’s gaining traction among high-earning … Continued

Bottom Line Up Front Meet John. John joined your organization at age 25 and stayed through his entire career. He’s reliable, dedicated, and the kind of employee any employer would be lucky to have. Now, at age 65, John is ready to retire. If John retires at 65 and takes retiree healthcare coverage, the total … Continued

Bottom Line Up Front When it comes to saving for retirement, a 401(k) employer match might be one of the easiest wins—free money just for contributing to your retirement plan? Yes, please. But what if we told you that you could be accidentally leaving some of it on the table? Let’s break down what’s really … Continued

Bottom Line Up Front Medicare is a national health insurance program that is typically available to people age 65 and older unless they meet the requirements for early eligibility. As a municipality, Medicare can help you reduce healthcare (OPEB) costs if you have a plan in place to migrate retirees once eligible. In general, retirees … Continued

BOTTOM LINE UP FRONT Budget season is here, and once again municipalities are navigating rising healthcare costs, inflation pressures, and shifting demographics. For many, OPEB Trust funding feels like one more item in an already crowded list of budgetary demands. Whether you’re just getting started or trying to sustain contributions amid tighter margins, here are … Continued

There’s just something about a change of scenery. Each year, the Odyssey team hits pause on the usual day-to-day to step back, zoom out, and come together face-to-face in a new city. This year? We traded spreadsheets for sunshine and headed out west to San Diego, California, and let’s just say: we didn’t hate the … Continued

Bottom Line Up Front Absolutely! If you have a 9-to-5 with a company 401(k) plan and a side hustle with 1099 income, you might be leaving money on the table if you’re not using a solo 401(k). Many people don’t realize that having multiple income streams means you can also have multiple retirement plans – … Continued

At Odyssey Advisors, we believe everyone has a unique way of giving back, especially during the holiday season. For us, it’s about empowering our team to make a difference. Each year, we invite each team member to choose a charity – or two – they’re passionate about, and we donate 1% of our total gross … Continued

Bottom Line Up Front The IRS recently released the new qualified retirement plan limits for 2025, published on November 1, 2024.  Starting next year, 401(k) employee contributions will max out at $23,500, a $500 boost from the current 2024’s contribution limit. Plan participants over the age of 50 can continue to contribute an additional $7,500. … Continued

Bottom Line Up Front In today’s rapidly changing economic landscape, having a well-structured retirement plan isn’t just a perk for your employees – it’s a strategic investment in your company’s future. Small business owners, in particular, face unique challenges when offering retirement benefits, from maximizing tax advantages to navigating legislative changes. With evolving market conditions, … Continued