The end of the fourth quarter is a great time to evaluate the past year and begin looking towards 2018. Evaluating your finances is not quite as simple as looking at your year to date returns. There are a variety of measures to make sure your assets are working toward the goals that are important to you.
According to a recent Aflac study, over 90% of employees kept the same benefits selections as the prior year, 80% spent less than an hour making that decision, and 3 of 4 don’t fully understand their options. This is a developing problem in our workforce, and we’re here to help you navigate through it.
This month, GranitPath has welcomed a new member to the advisory team. Matt Cahill joins us as our Senior Advisor and also as our firm’s Chief Compliance Officer (CCO). He will be helping small business owners and employees to implement low-cost, low-administration retirement plan solutions. As our new CCO, Matt will be in charge of overseeing our rigorous due diligence process.
As advisers, we speak to clients about their portfolios on a daily basis. Sometimes a client is thrilled with their investments, sometimes they are not, and sometimes they just need a little clarification on a point or strategy we have employed for them. Often the reasons people get thrown off is that they become misguided or confused by the multitude of outside voices and conversations.
At GranitPath the most frequent line of questioning we face when talking to plan participants is regarding allocation within the plan. Many who utilize their company’s 401(k) don’t fully understand how they are invested or what their alternatives are within the plan.
Over the years GranitPath has helped clients establish innumerable Donor Advised Funds and planned expansive charitable giving. These contributions go to wonderful causes both locally and internationally, and they make up a large part of our belief system as a firm. Today we recognize contributions made by a member our staff in action.
It is important for all of us to have some foresight and plan ahead for what will happen to any of our property or financial assets when we pass away. For business owners this is even more important, and for owners in a partnership or family business even more important still. If left to chance what we want to have happen to our assets when we die, is very different from what actually happens.
In this week’s blog, we will examine some of the most pointed questions we’ve been asked by clients. If any of these questions or their answers strike a chord, call us. We can schedule a meeting to alleviate your concerns and probably uncover additional questions you didn’t know you had.
A major part of life in 2017 is the increased emphasis on social and environmental responsibility. What a lot of people don’t know is that there has been tremendous growth in investing according to these goals in recent years as well.