401(k)

If you’d like to move to a 401(k) for 2017, you must notify employees by 11/2 As your business or that of your clients has grown, you may be thinking it’s time to upgrade your retirement plan from a SIMPLE-IRA to a 401(k) Plan. The issue is that you can’t switch mid-year as IRS rules…

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Retirement planning is most certainly a marathon and not a sprint. It is a journey you will be on for decades, with a clear financial goal at the “finish line”. That goal is to be able to retire at a standard of living that is acceptable to you. The total nest egg you need to…

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Here is a breakdown of the inherent benefits and incentives involved in retirement planning. Choice There are unlimited investment options available in today’s world. You can stay with a simple index fund or you can tailor your choices. Low Costs The costs of investing in retirement plans and IRA’s have never been lower. You are…

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Hindsight is 20/20, but that wisdom winds up arriving too late. In order to secure a satisfying and comfortable retirement, you will need to educate yourself about how to arrive at such a successful financial future. A financial advisor can handle the specifics of investment vehicles and strategies, but the long-term road map is dependent…

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The journey of a thousand miles begins with a single step. This adage is a guiding principle in preparing for your financial future. Seek out the cold hard facts about precisely how much you will need in your nest egg, and work backwards from there by taking the very first steps. Every little bit helps,…

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Business owners have enough day-to-day stress. The last thing you want to worry about is managing a retirement portfolio. Your future well-being depends on this kind of long-term planning, and it is important to have your needs catered to in a customized way. At Odyssey Advisors, we pride ourselves on this level of customer attention.…

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The next best thing to a crystal ball is solid planning; your financial future will be well grounded and clearly defined. With this approach to plan management, you can be proactive instead of reactive. The bottom line, in the long run, is that you will save more money and have peace of mind along the…

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As a financial advisor, one of your primary goals is to streamline the interaction between you and your clients. This eases administrative burdens on all parties. Bringing in a TPA (third party administrator) can help distribute tasks and make everything go more smoothly. You’ve probably had clients who had to handle issues ranging from ADP…

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A TPA promotes growth and retention Most clients and prospects are looking for more than a “one man band” when it comes to financial consulting. They prefer to see a team with a depth of expertise. A third party administrator acts as an intermediary between you and your clients. They are skilled at handling administrative work.…

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