Beacon Financial Services

Just Released! We are so excited to announce the release of our latest white paper, The Hidden Fee Manifesto: Exposing Some of the Biggest Secrets in the 401(k) Industry! For the last 25 years, we have met with countless plan sponsors to discuss the fees associated with their 401(k) plan offerings. And time and time again, we're amazed at how few are aware that their plans were littered with hidden fees. As retirement plan specialists and CEFEX-Certified, Fiduciary Investment Managers, we felt it was our duty to create something significant that would educate plan sponsors and inspire them to take action against these hidden fees in their 401(k) plans. Thus, The Hidden Fee Manifesto was born!     In this easy-to-read guide, we have compiled everything plan sponsors need to know about hidden fees in their retirement plan offerings. • What are hidden fees? • Where are they hidden? • Who is charging these fees? • Who is paying these fees? • Why are hidden fees bad? Claim Your Copy HERE: https://lnkd.in/enKsimbc #401k #hiddenfees #retirementplans #plansponsor #401kplan #401ksavings #401kfees #fiduciary #fiduciaryduty #advisor #retirementplanadvisor #manifesto #beaconfinancialservices

📉JUST ANNOUNCED: The Fed has cut interest rates by 0.50%. As such, now is a perfect time to reevaluate your financial strategy. Check out this insightful article by our managing partner, Brian Menickella, on 3 smart money moves you should consider during this shift. From refinancing debt to unlocking home equity, these strategies can help you secure long-term financial stability. Read the full story on Forbes to learn more: https://lnkd.in/eDTy8Kgu #Finance #InterestRates #FinancialPlanning #MoneyMoves #BeaconFinancialServices #federalreserve #ratecuts

Attention NJ, MD, and DE business owners! Recent state mandates now provide you with a unique opportunity to support your employees retirement while also claiming significant tax credits! As a result of SECURE Act 2.0, employers are now eligible to claim up to $55,500 in tax credits per year, all while helping their employees towards better futures. If you’re interested in numerous tax benefits, and elevating your employees, follow the link down below. https://lnkd.in/eefNKJsp

If you’re a small business owner and have been considering the idea of sponsoring a retirement plan for your employees, there has never been a better time to pull the trigger. Thanks to the generous tax credits made available through the SECURE Act 2.0, employers can now claim up to $55,500 in tax credits per year! Plus, as an employer you can set yourself up for personal financial success with the additional savings and tax benefits available through a traditional 401(k) plan. See how you can take advantage of these incredible benefits by speaking with a Beacon advisor today! https://lnkd.in/eefNKJsp

Though you may think you’re handling your finances responsibly, it’s more than likely that some aspect of your spending habits may be wasteful. From impulse shopping to mystery subscriptions, consumers can unknowingly be over-spending their hard-earned money. What they don’t realize is, this reckless spending can take a serious toll on their ability to achieve their long-term financial goals. At Beacon Financial Services, we sit on the same side of the table as our clients to help them focus on what’s important and align spending with their goals. To find out about some of the primary ways Americans waste their money, or to set up an appointment with one of our experienced financial advisors, follow the link below. https://lnkd.in/dc-yNYz5

The Supreme Court's recent overturning of the Chevron doctrine in Loper Bright Enterprises v. Raimondo significantly impacts regulatory agencies, including the Department of Labor's new fiduciary rule. This shift means courts will now rely much less on the expertise and opinions of regulatory bodies, ultimately affecting the enforcement of fiduciary standards for investment advisors. Knowing this, plan sponsors must ensure they're working with true fiduciaries, focusing on transparency and long-term investment strategies. 📖 Read Brian Menickella's full article on #Forbes to learn more: https://lnkd.in/eKMkDBMu #FiduciaryRule #SupremeCourt #RetirementPlans #PlanSponsors #FinancialAdvisors #BeaconFinancialServices

If you aren’t putting your personal savings to work through investing, then you may not be maximizing your financial potential. However, everyone has a different level of investment knowledge, and it can often be difficult to identify what you’re missing. Increasing your financial literacy is a key step on the way to financial freedom. Find out what your Investment IQ is, or set up an appointment with one of our financial professionals using the link below. https://lnkd.in/dwBf2YmC

Are you a business owner in a state of MD with at least 25 Employees? If so, it is likely you are subject to new state mandates requiring a retirement plan be provided for your employees. However, you DON'T HAVE TO SETTLE for the state-sponsored MDSaves plan they are recommending. While it may seem easier to join MDSaves, this plan CANNOT offer the investment options and flexibility that a 401(k) plan can. A lack of tax advantages and employee education are just a few examples of how MDSaves falls short where a 401k plan thrives. Learn about your retirement plan startup options and about Beacon Financial Services here: https://lnkd.in/dzjY7nyW

If you’re looking to maximize your employees growth and preparation for retirement, or simply eager to meet the requirements of the new retirement plan state mandates, then it’s important to find a plan that is best for your business moving forward. With this in mind, state-provided plans may not be beneficial to your business or its employees. A 401(k) startup can provide numerous tax advantages, maximize employee contributions, and grant you greater control and flexibility while also serving as an attractive recruiting benefit. See how easy and cost-effective it is to start-up a 401(k) plan with Beacon Financial Serivces and weigh your options using the link below. https://lnkd.in/dYT_KRZk

Investing your money can be intimidating. Many new investors find themselves worried about losing their hard earned money rather than making it grow. One important aspect of investing is mitigating risk through diversification. Find out more about diversifying your investment portfolio or set up an appointment with one of our experienced financial advisors below. https://lnkd.in/d9Myhd9B