The Wealth Transition Collective

Feeling sticker shock from online retirement calculators? We have good news: A thoughtful financial plan can put you on the right path, reduce stress, and let you enjoy life while your money grows behind the scenes. Here’s a general guide of recommended retirement savings by age: By 30 - Save an amount equal to your annual salary. By 40 - Aim for three times your annual salary. By 50 - Have six times your salary saved. By 60 - Have eight times your annual earnings saved. By 67 - Target ten times your annual salary in savings. Remember, everyone's journey is unique! If you're feeling behind or just want to chat about your financial plan, reach out. There's always a way to pursue financial security.

Have you heard of the term “thematic investing?” Swipe for a quick overview ↩️ Interested in diving deeper into thematic investing? We're here to discuss how these trends can complement your portfolio and answer any questions you might have. Feel free to reach out — that’s what we are here for! Investments are subject to risk, including the loss of principal. Some investments are not suitable for all investors, and there is no guarantee that any investing goal will be met. Past performance is no guarantee of future results. Talk to your financial advisor before making any investing decisions. Exchange-traded funds (ETFs) are subject to market volatility, including the risks of their underlying investments. They are not individually redeemable from the fund and arebought and sold at the current market price, which may be above or below their net asset value. Diversification does not assure a profit or protect against loss in declining markets, and diversification cannot guarantee that any objective or goal will be achieved. Citations: ETF.com. (n.d.). Theme investing. ETF.com. https://lnkd.in/gr_rmTNs Jark, D. (2024, May 28). Benefits and risks of thematic etfs. Investopedia. https://lnkd.in/gYYHPxiG. MSCI. (n.d.). Thematic investing. MSCI. https://lnkd.in/gCcew4_T.

Offering financial education and guidance can be a game-changer in how your employees approach their retirement savings and overall financial wellness. That’s why our team has compiled four best practices we can leverage together to make your 401(k) plan a pillar of empowerment and security in your workplace👉 If you would like to discuss 401(k) options, do not hesitate to reach out! We’re here to help you build a brighter future for your team.

Are you looking to attract and retain the best talent? With the average employer match standing at an impressive 4.8%, offering a 401(k) plan with matching contributions is key to staying competitive! Here’s why 👉 If you would like to discuss 401(k) options, do not hesitate to reach out! We’re here to help you build a brighter future for your team.

We’re halfway through 2024, and it's time for a check-in. Are there goals you're chasing or projects you're passionate about? Share in the comments, and reach out if we can be of help. Let's make the second half of the year even more impactful!

Did you know that making a small tweak to your 401(k) plan could massively boost employee participation? Automatic enrollment is a game-changer, with a National Bureau of Economic Research study showing an 80% increase in worker 401(k) participation after the implementation of automatic enrollment. Keep reading to learn more about best practices when implementing automatic enrollment. And remember, by making participation the default option, you’re not just helping employees save for retirement; you’re also helping them invest in their future selves without the extra hassle. Contact us if you have any questions!

Happy Independence Day! As financial advisors, we think there’s no better way to celebrate this day than by sharing an overview of the numbers that shape our celebratory experiences: 🍴$9.5 billion - The estimated amount Americans spent on 4th of July food in 2023 — about $93.34 per person. 🌭 150 million - The number of hot dogs consumed each 4th of July — enough to stretch from D.C. to L.A. more than five times. It’s also the number of American flags sold in the U.S. each. 📺2 million - The number of people who tuned in to watch 2023 Nathan’s Famous International Hot Dog Eating Contest champs Miki Sudo and Joey Chestnut consume 102 hot dogs combined. 🍻$3 billion - The estimated amount of dollars Americans spent on beer and wine for the Fourth of July in 2023. If you partake, just remember to enjoy responsibly! 🎇$2.3 billion - The total U.S. consumers spent on fireworks in 2023. 🚗50.7 million - The number of people who traveled 50 miles from home for the 4th of July, up 4% from 2022. Whether your day includes travel, hot dogs and hamburgers, fireworks — or something else entirely — we’re wishing you a day filled with fun and relaxation!

Are you the parent of one of the over 18 million students headed to begin or continue their undergraduate studies this fall? If so, we have some helpful information for you. This month's edition of our Transition Insights Newsletter highlights financial considerations for college students, and also details techniques to mitigate retirement challenges. Click below if you'd like to learn more! #collegeplanning #studentloans #planforsuccess #hedgeagainstrisk #inflation

Today, we’re offering a big shoutout to all the businesses investing in their teams with a 401(k) plan! 🌟 You're not just offering a benefit; you're investing in your team's future and setting your company up for success in recruitment and retention. But did you know that only 56% of workers participate in their workplace retirement plans? It's crucial that employees understand the value of their 401(k) to make the most of it. With that in mind, we’re sharing three ways employers can expand employee 401(k) knowledge. Interested in learning more about 401(k) options and resources for employers? Reach out to us today. We are here to help!

Summer is known for exciting week-long family vacations or camps, but those in-between, “normal” days can be just as memorable. With that in mind, we’re sharing a few fun family activities for the next time you hear that all-too-common refrain: “I’m bored…” Swipe for some family fun inspiration ➡️ Have any other ideas? We’d love to crowdsource a list – feel free to drop your ideas in the comments.