401K Plans have traditionally been used as incentives to lure and keep employees. They have become increasingly popular with large corporations as well as small, to mid-size businesses. However, the Supreme Court is looking more closely at corporate 401K plans. The end result could be more profitable for the participating employees and a potential sticking point for employers.

The reason the Supreme Court is looking into two separate cases regarding 401K plans is to determine the responsibility employers have to provide good plans. For instance, there are many different share classes, some of which are far too expensive and may not offer employees the most beneficial return on their investment. Most employers, once they’ve signed off on a company 401k plan, will rarely, if ever review that plan again. Even though the economy goes through its ups and downs, no one is monitoring the 401k to determine whether or not it is up to snuff.

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In 2013 I decided to start looking for ways that Forest Hills Financial could be more involved in a local organization.  One that could speak to all of my advisors, employees, and clients.  I knew that we were all individually working with and supporting, both financially and through volunteerism, multiple charities.  I wondered...how much of an impact could we make if we started to change our focus and commit to collectively supporting one charity? By late 2013, we decided that for 2014 and beyond that charity would be Kids’ Food Basket. 

Kids’ Food Basket has the accessibility I envisioned for my advisors, employees, and clients. They can all be hands on. Kids' Food Basket offers numerous outlets to get involved in, from volunteering time, packing Sack Suppers, bringing a Wish List food item to a client event, or giving a monetary amount if they choose. 

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As people prepare for retirement, social security is one component of the equation that will be used to determine the amount of retirement income one will have to live on. If saving and planning has come natural, social security can be viewed as a supplement for your retirement.  If you have struggled in saving and properly planning, your dependency on Social Security retirement income will likely be greater. For many of us, retirement will be a substantial time in our life, and planning on how we are going to pay for it is increasingly difficult. With that being said, this is just one of many factors to consider when planning for retirement and more importantly to address your own situation with a professional independent advisor.   

                                                                     

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Chances are if you have been investing for any amount of time you have learned that a proper asset allocation has a percentage of Bonds and a percentage of stocks.  It may also include something loosely called Alternatives.  When people hear the words “Alternative Investments”, they have a knee jerk reaction based on a dated idea of what they entail.  You may think of the commercials on Satellite radio or late night TV promoting metals or owning your own gas well and think to yourself, “No thanks”.  Recent research shows that by doing so you may be selling yourself and your portfolio short.

The 2013 NACUBO-Commonfund Study of Endowments found when they gathered info from 835 US colleges and Universities that many of these stalwarts of investment conservatism were heavily invested in Alternatives.  With an average return of 11.7% in 2013 no one would accuse them of being overly aggressive as the S&P surged well over 32% in the same time frame.  It would be interesting to note that in 2008 the same study indicated a loss of 25% on average also significantly different than the -34% return of the S&P 500.  It was followed in 2009 with a return of 24% versus the S&P of 28%.

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