by Rock LaManna, owner, LaManna Alliance For most people, a comfortable retirement is the goal, and for business owners, this includes either passing their legacy on to family or selling. No matter what, everyone must exit sooner or later. How successful that transition is depends entirely on the path chosen. When selling a business, it's important to keep in mind that … [Read more...] about Selling Your Finishing Business – An Inside Look
Financial Strategy
Choosing Investments in Your 401(k)
By Joseph P. Trybula, CFP®, AIF®, Diversified Financial Advisors When you participate in a 401(k) plan at work, you are typically responsible for choosing investments in your plan from a range of stocks, bonds and mutual funds selected by your employer. Here are five helpful tips to do that: Pay attention to investment returns. Most plans only offer funds that have a … [Read more...] about Choosing Investments in Your 401(k)
Financial Wellness Reaching Majority Status
by Joseph P. Trybula, CFP®, AIF®, Diversified Financial Advisors Your company is likely among the majority that not only want to help employees with their nonretirement financial matters but also are offering tools to make it happen. That statement can be made with some degree of confidence because according to the Aon Hewitt 2017 Hot Topics in Retirement and Financial … [Read more...] about Financial Wellness Reaching Majority Status
The Average 401(k) Plan is Wasting Money – Is Yours?
by Joseph P. Trybula, CFP®, AIF®, Diversified Financial Advisors Wellness Wednesday Webinar Oct. 25 | 2-2:30 p.m. CDT Tap into financial wellness to bring about positive change in your workforce. Financial Finesse's behavioral change model seeks to create action plans for each individual user. Learn how to leverage this nationally-recognized solution and how to integrate it … [Read more...] about The Average 401(k) Plan is Wasting Money – Is Yours?
What Can a Valuation Expert Do for Your Succession Plan?
Reprinted with permission from www.carlson-advisors.com Most business owners spend a lifetime building their businesses, and when it comes to succession, they face the difficult decision of whether to sell, dissolve or transfer the business to family members or a nonfamily successor. Many complicated issues are involved, including how to divvy up business interests, … [Read more...] about What Can a Valuation Expert Do for Your Succession Plan?
4 Ways to Increase 401(k) Participant Savings
by Joseph P. Trybula, CFP®, AIF®, Diversified Financial Advisors, LLC Now is the perfect time for planning to find ways to increase employee participation and savings rates in your company retirement plan. A well-designed 401(k) plan can play a significant role in helping you and your employees save toward a more financially secure retirement. I have highlighted four 401(k) … [Read more...] about 4 Ways to Increase 401(k) Participant Savings
What to Expect if your Retirement Plan is Audited
by Joseph P. Trybula, CFP®, AIF®, Printers 401K Power in Simplicity Webinar When: April 25, 2-2:30 p.m. CST REGISTER HERE Who Should Attend? Owners, plan sponsors, CFOs, human resource managers Fiduciary Prudence For Plan Sponsors Many plan sponsors are unaware of the many duties required of them as plan fiduciaries. In this brief but informative webinar, find … [Read more...] about What to Expect if your Retirement Plan is Audited
Estimating: Know Your Costs to Determine Your Profits
by Mark Porter, president, Dienamic MIS Software, Inc. A good product estimate not only determines the selling price to give to the customer, it also should determine the true costs to produce the product. This is very important because if finishers do not know their costs, how will they know their profits? After all, profit is the reason we are in business. For many … [Read more...] about Estimating: Know Your Costs to Determine Your Profits
Fee Oversight Must Be Ongoing
by Joseph P. Trybula, CFP®, AIF®, Diversified Financial Advisors, LLC No matter the business or service, no one likes paying excessive fees. This is especially true with retirement plans. Participants are setting aside money for retirement, and the last thing they want is to have those precious dollars consumed by fees. As a retirement plan sponsor you have a fiduciary duty … [Read more...] about Fee Oversight Must Be Ongoing
Common Pricing Mistakes and How to Avoid Them
by Amy Fulford, enlight CEOs often overlook the importance of pricing in generating attractive financial returns. Especially in recent years, companies have invested heavily in understanding and managing their costs. Of course, understanding and managing costs is important. However, many companies have hit – or, worse, crossed – the point of diminishing returns from cost … [Read more...] about Common Pricing Mistakes and How to Avoid Them