When people hear “financial advisor,” they often think of someone who helps individuals invest their money and plan for retirement. That is not wrong—but it is not the whole story. Just like dentists and orthodontists both work on teeth but have different specialties, wealth managers and 401(k) qualified plan advisors …
The clock has struck 2025, and while some are still stumbling through their New Year’s resolutions, this is your chance to make a resolution you’ll actually keep—taking your retirement plan to the next level. Think of it as a financial wellness checkup for your practice. Ask yourself: Are you squeezing …
As 2025 begins, 401(k) plan sponsors are entering another dynamic year shaped by fresh regulatory updates, technological advancements, and the evolving expectations of employees. At BGA 401k, my team and I remain committed to helping you stay ahead, ensuring your retirement plan remains competitive, compliant, and effective. This blog post …
The start of a new year isn’t just about setting goals at the gym or finally organizing your garage – it’s the perfect time to hit reset on your finances. Whether you are planning for retirement, paying down debt, or saving for that big purchase, taking a few intentional steps …
As the year winds down, it is the perfect time to reflect on your financial goals and take steps to maximize your savings for the year ahead. For busy medical professionals, optimizing retirement savings while minimizing taxes is an essential part of securing your financial future. In our last blog, …
Bob’s Budget-Savvy Secrets, November 2024 Maximizing your group health insurance can lead to significant savings. By utilizing digital tools and incentives provided by your insurer, you can not only improve your health but also save money. Here is a personal note from one of our employees that highlights how to …
As the leaves turn and the year winds down, many of you may find yourselves reflecting on your practice’s financial goals and the long-term benefits you offer to yourself and your team. Fall is an ideal season for taking a fresh look at your retirement benefits at work, especially for …
Published October 2024. Data sourced from YCharts as of 10.8.2024. Equity and fixed income markets had a strong third quarter, which concluded with a 50 basis point reduction in the fed funds rate amidst a healthy economic backdrop. The S&P 500 rose 5.9%, its fourth consecutive positive quarter and seventh …
Doctors and medical practices often face substantial tax liabilities due to high earnings and the nature of their business. One of the most effective ways to alleviate this tax burden is through a well-structured retirement plan, such as a new comparability profit-sharing plan. These plans not only help secure a …
When we think of wealth building, we often picture grand strategies, large investments, or bold financial moves. But the truth is, some of the most powerful financial transformations start with the smallest steps. These small, intentional habits, when practiced consistently over time, can lead to remarkable financial growth. Why Small …