Everhart Advisors

Everhart Advisors

Financial Services

Dublin, OH 486 followers

Preparing Employees. Protecting Employers.

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About us

Everhart Advisors is a financial advisory firm specializing in corporate retirement plan consulting and wealth management for individuals. Our firm is founded on integrity, passion and delivering the best possible outcomes for clients. Everhart Advisors offers 401(k) plan consulting, wealth management and tax planning with offices in Columbus and Dayton, Ohio, and Fort Myers, Florida. For more information regarding our awards and recognitions visit: https://everhartadvisors.com/about-us/awards-and-recognitions/ Everhart Advisors is a registered investment adviser. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Everhart Advisors and its representatives are properly licensed or exempt from licensure. Links to websites and other resources operated by third parties are provided as information only, and there can be no assurance as to its accuracy, suitability or completeness. Everhart Advisors does not endorse, authorize or sponsor third party content, services, products or information. As a registered investment advisory firm, we are restricted from posting any form of testimonial related to our investment advisory services. Thus, LinkedIn recommendations and endorsements must be disabled. Everhart Advisors does not provide tax or legal advice. Posted comments may not be those of Everhart Advisors. Posted comments may not be representative of the experience of clients and do not indicate future performance or success. Everhart Advisors do not solicit investment advisory endorsements via wall comments or the “like” function.

Website
http://www.everhartadvisors.com
Industry
Financial Services
Company size
11-50 employees
Headquarters
Dublin, OH
Type
Privately Held
Founded
1995
Specialties
Liability Protection & Fiduciary Compliance, Investment Due Diligence, Provider Search and Service Benchmarking, Employee Education & Advice, and Fee Transparency & Cost Control

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  • View organization page for Everhart Advisors, graphic
    Everhart Advisors

    486 followers

    Check out these 7 wealth-building ideas shared by one of our Wealth Managers, Jack Mancinotti.

    View profile for Jack Mancinotti, graphic
    Jack Mancinotti

    Wealth Manager & Retirement Plan Consultant

    7 ideas for building your wealth... 1. Reverse budgeting: Focus on savings first, and then your spending. If retirement is important to you, saving 10% of your income into a retirement account is a great goal. At a bare minimum, try to contribute up to your company match. 2. Start an emergency fund: Build up 3-6 months of living expenses in savings account. This account can be a high-yield savings account or a brokerage account for easy access. 3. Manage your debt: While some debt can be beneficial, such as mortgages or student loans that can lead to increased earning potential, high-interest debt can be detrimental to financial freedom. Prioritize paying down high-interest debt, as it can be a significant obstacle to building wealth. 4. Live below your means: This is quite simple, but hard for most. Spend less than you earn to create more room for savings and investments. 5. Make Roth contributions: This allows your investments to grow tax-free. You can typically do this through your 401(k) or a Roth IRA. If you earn income over $146,000 filing single, consider making backdoor Roth contributions. 6. Consider real estate: Real estate can be a powerful wealth-building tool. The potential benefits can include generating income, long-term appreciation, tax benefits, and diversification. Make sure you understand the risks before diving in. 7. Automate your finances: Set up automatic transfers to your savings and investment accounts. This helps ensure consistency in saving and investing, keeping you on track toward your financial goals. The bottom line is that building your wealth requires discipline and time. It's not easy, but following these steps can set yourself up for a more secure financial future.

  • View organization page for Everhart Advisors, graphic
    Everhart Advisors

    486 followers

    Thinking of taking a 401(k) loan? While it offers quick cash, be aware of the significant costs:   💸 Origination and maintenance fees 📈 High interest rates 📉 Missed investment gains 🚨 Risk of default if you leave your job 💰 Double taxation   Consider smarter alternatives: 1. Emergency Fund: Save 3-6 months of expenses. 2. 0% APR Credit Card: Interest-free for 12 months. 3. Personal Loan: Quick cash but repay ASAP due to high interest. 4. Line of Credit: Use your home (HELOC) or broker account (SBLOC).   Protect your retirement savings! Learn more in our latest blog post written by one of our wealth managers, Jack Mancinotti.   https://lnkd.in/gHT8xHCa #RetirementPlanning #401kLoan #FinancialAdvice

    The Hidden Costs of 401(k) Loans - Everhart Advisors

    The Hidden Costs of 401(k) Loans - Everhart Advisors

    https://everhartadvisors.com

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