Barry Goldwater, Managing Member

New Podcast Episode 👉 How to be proactive in retirement planning, especially in a politically charged environment Listen wherever you get your favorite podcasts! Let Cape Cod's Retirement Income Specialist provide the guidance you need in retirement. Connect with Steve and his team online at www.FairwayFinancial.net #retirementplanning #financialadvisor #podcast #newepisode #fyp #capecod #taxtips

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Maine Business owners: Is MERIT the right fit for YOU? Most business owners have questions about the MERIT program and are wondering if it is the right choice for them. It's crucial to consider all these factors before committing to a particular plan. Let's break down each point: Contribution Limits: Being aware of the contribution limits is essential to avoid over-contributing and potential penalties. If you anticipate wanting to contribute more than the limits allow or if you're concerned about over-contributing, it might be worth exploring other options. 2024 IRA and Roth contribution limits $7000 for those under age 50 $8000 for 50 and older. Income Limits for Roth IRA: Knowing the income limits for Roth IRAs ensures that you and your employees are eligible for the plan. If your income exceeds these limits, you may need to consider alternative retirement savings strategies. Employee Education: Providing education about retirement plans to your employees can be beneficial for both them and your business. It can help alleviate confusion and ensure that everyone understands the benefits and limitations of the plan. Investment Options: Limited investment options could potentially restrict your ability to tailor your retirement savings strategy to your specific needs and risk tolerance. Having more investment choices allows for greater diversification and customization. Payroll and Contributions: Determining who will be responsible for managing payroll and contributions is crucial for the smooth operation of the plan. Automation can streamline this process and reduce the likelihood of errors. Matching Options: Offering a matching contribution can incentivize employees to participate in the retirement plan and help them save more effectively for their future. If matching is important to you as an employer, it's worth considering whether the MERIT program meets this need. MERIT could be a great fit for your business, but if you are curious about other options it is worth a brief conversation. #retirementplans,#maine,#options Any attachments are for informational purposes only. Investing involves risk. Principal loss is possible. Past performance is no guarantee of future success. It should not be assumed that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance discussed herein. Different funds will have different fees and expenses. An investor should consider the investment objectives, risks, charges, and expenses of a fund carefully before investing. The highest applicable fee GWA may charge is 1.5%.Investment advisory services offered through Guardian Wealth Advisors, LLC, an investment advisor registered with the Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about GWA’s investment advisory services can be found in its Form ADV Part 2 or Form CRS, which is available upon request.

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New Podcast Episode 👉 Steve discusses the complexities of retirement strategies, the challenges of navigating annuities online, and how to create a reliable income plan to ensure you don't outlive your savings. Listen wherever you get your favorite podcasts! Let Cape Cod's Retirement Income Specialist provide the guidance you need in retirement. Connect with Steve and his team online at www.FairwayFinancial.net #retirementplanning #financialadvisor #podcast #newepisode #fyp #capecod #taxtips #incomespecialist #DIY #SocialSecurity #Retirementincome

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8 Reasons Why Clients Need a Live Insurance Agent

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New Podcast Episode 👉 The Role of Annuities in Retirement Income Planning Listen wherever you get your favorite podcasts! Let Cape Cod's Retirement Income Specialist provide the guidance you need in retirement. Connect with Steve and his team online at www.FairwayFinancial.net #retirementplanning #financialadvisor #podcast #newepisode #fyp #capecod #taxtips #incomespecialist

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Supporters of a new state-sponsored retirement savings program in #Maine are celebrating a significant milestone. More than six months after the launch of the MERIT - Maine Retirement Investment Trust enrolled employees have saved more than $1 million. Alf Anderson, associate director for advocacy and outreach at AARP Maine, said the program was created to help the roughly 200,000 private sector workers without access to a retirement plan at their job. "You know, one of the most important things for people as they plan for retirement," said Anderson, "is having that financial security to be able to do the things they want to do when they do get to that point in their lives. And so, that milestone was really exciting for us to see." Anderson said businesses with at least five employees can register with MERIT to help set up savings for workers, who would otherwise seek out an independent financial planner. More than 1,500 employers have already signed on. Surveys show more than half of Americans are concerned they won't be able to achieve financial security in retirement. At least 25 states introduced legislation last year to establish new, state-backed retirement plans. Anderson said the successful rollout in Maine reveals the urgency people feel about planning for the future due to the high costs of food and housing. "Do I cut back on my medications?" said Anderson. "Do I not eat a certain number of meals today? Like, it's really frightening to see some of the decisions people have to make." Anderson said the pandemic didn't help - with even more Mainers facing depleted savings accounts and having only #SocialSecurity to fall back on when they reach retirement age. State officials say MERIT could help Mainers for generations to come, and help reduce reliance on public assistance programs. Disclosure: AARP Maine contributes to our fund for reporting on Consumer Issues, Health Issues, Senior Issues, Social Justice.

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How are plan sponsors using #definedcontribution plan design to help participants meet #retirement goals. PLANSPONSOR https://lnkd.in/eanWCF79 #ERISA #plandesign #retirementplans #401k #403b #investing

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"Retirement planning is about more than return on investment; part of it is envisioning their retirement experience. And if you can maximize your clients’ experience, you can exceed their expectations, no matter the market conditions." https://loom.ly/TVOhbLg #retirement #retirementdreams

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Is it time for you to CONVERT? Unlock the full potential of your retirement savings by considering a partial or full #RothConversion. Click the URL found in the comments below for an excellent article from Hartford Funds about Roth IRA conversions, and transform your traditional IRA into a #taxfree growth powerhouse! #TrustTowerpoint #haveaplan #bedisciplined #RothIRA #RothConversions #RothIRAConversion

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What is an Medicare? We answer this question in our latest 60—second finance video. https://lnkd.in/eab5SmfQ #visionretirement #Medicare #retirementplanning

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🏗️ A well-planned budget is the blueprint for financial freedom, giving form and structure to our monetary goals and daily spending. Trust in God’s plan as you create your financial blueprint. #Budgeting #FinancialFreedom

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