Business Owners Archives - Page 2 of 4 - HFM Investment Advisors, LLC

In a recent episode of The Entrepreneur's Journey podcast, host Michael Pallozzi re-launched his show by diving deep into a conversation with Reese Valcich, a nutritional coach and founder of Revolution Health Coaching. This episode was not just a return to podcasting for Michael, but also an exploration of the intersection between entrepreneurship, health, and personal growth, as seen through Reese’s unique journey. The Entrepreneurial Shift from Athletics to Holistic Health Reese Valcich's path to becoming a health coach is rooted in a personal story that began with his father’s diagnosis of ALS. This life-altering event pushed Reese to explore…

Transforming Lives Through Nutrition: The Link Between Food and Health with Reese Valcich

Business Owners, Wellness

Welcome back to the Entrepreneur's Journey Podcast. In this episode, Michael Pallozzi sits down with Reese Valcich, founder of Revolution Health Coaching. Reese shares his journey from athletic performance to health coaching, inspired by his father's battle with ALS and Lyme disease. They discuss the importance of nutrition, the role of gut health in overall wellness, and how Reese helps clients achieve their health goals through personalized coaching. This episode provides insights into the intersection of health and entrepreneurship, highlighting the impact of informed nutritional choices on energy and productivity. Tune into this episode to also learn: How Lyme disease…

Employee Newsletter: Debt Management Edition

401(k), Business Owners

This quarter’s employee education offers practical tips and strategies to help manage debt effectively, distinguishing between “good” and “bad” debt, accompanied by practical exercises for budgeting and debt management. Understanding these concepts is helpful to achieving financial freedom and stability; we believe your employees will greatly benefit from this knowledge. We encourage you to share this newsletter with your organization. It's an excellent way for your team to access valuable information that can aid their progress while on their savings journey. Download Employee Education HFM Investment Advisors, LLC. 856-232-2270 www.hfmadvisors.com 401kteam@hfmadvisors.com 102 West High Street Suite 200, Glassboro, NJ 08028…

What’s Going On in Washington?

401(k), Business Owners

Exploring current ERISA and DOL areas of interest In a significant move by the Department of Labor (DOL), new regulations are being rolled out that may impact your ERISA compliance and retirement plan administration. Learn how these changes could influence your retirement plan, discover Washington's initiatives, and prepare your company effectively. Retirement Security Rule effective date stayed indefinitely On July 25 and 26, 2024, two different federal courts in Texas ruled that the DOL likely overstepped its authority in redefining what is considered fiduciary investment advice under ERISA and the Internal Revenue Code. The new DOL regulation, the “Retirement Security…

Smart Not Spoiled: Raising Financially Savvy Kids

Business Owners, Financial Wellness, Podcast

In this episode of the Dollar Wise Podcast, host Jason Gabrieli is joined by Chad Willardson, president and founder of Pacific Capital, bestselling author, and co-founder of GravyStack. Chad shares his journey of teaching financial literacy to children, inspired by his experiences as a father of five. He discusses the development of GravyStack, an innovative app designed to help kids learn about money through practical activities, and the importance of financial education at a young age. Chad also delves into the philosophy behind his book "Smart Not Spoiled," offering practical advice for parents on raising financially responsible children. Tune into…

Unlocking Tax Relief and Employee Appreciation: The Power of Profit Sharing

401(k), Business Owners, Uncategorized

Profit sharing is not just a tool to reduce your company's tax liability; it is also a powerful means of expressing gratitude towards your employees. As we close the books on last year, employers often find themselves looking for ways to lower their impending tax bills. At the same time, companies are trying to retain and reward top talent. Is there a strategy that accomplishes both? Absolutely, and it's known as profit sharing. This tax-efficient strategy can serve as a power tool for expressing employee appreciation and has the potential to improve morale, engagement, and loyalty. The Power of Profit…

5 Helpful Ways to Organize Your 401(k) Fiduciary Files

401(k), Business Owners

Discover top strategies for maintaining organized 401(k) fiduciary files with best practices for compliance and peace of mind. As a plan sponsor, one of your primary responsibilities is ensuring that your company's retirement plan operates smoothly and within the boundaries of compliance regulations. This is no small feat, especially when dealing with the complexities of a 401(k) plan. One of the ways to help enable hassle-free management is by maintaining neat and tidy records. This article will provide you with some practical tips and best practices on how to organize and document your fiduciary files. Why Is Retirement Plan Documentation…

Boosting Profits and Savings: 5 Tax Strategies for Business Owners

401(k), Business Owners

For business owners, striking a balance between operating costs and profit is the cornerstone of success. Operating costs include everyday expenses like salaries, rent and supplies. Profit, on the other hand, is what remains after all these operating costs have been paid. It's the reward for the risks taken and the value created by your business. Often, savvy business owners will look to tax strategies to help find the sweet spot, where operating costs are managed efficiently while maximizing profit. By utilizing tax-friendly strategies, owners can reduce their tax liability, effectively boosting profits without increasing sales or cutting costs. Let's…

Finding Opportunities in the Chaos: Why You Should Invest During Market Volatility

Business Owners, Financial Wellness, Investments, Podcast

2022 was a rough year for investors. And when the market becomes challenged, people begin to feel intimidated and might look to put their money elsewhere. And yes, investing involves risk, but don't stick your head in the sand and think relying on bank interest will be enough to reach your goals because, historically, you will lose to inflation over the long term. Jason and Tyler review market turbulence, past market performance and what those investments would be worth today. Tune into this episode to also learn: How to beat inflation The right way to calculate how much you’re really…

Cash Balance Plan: Could You Save Even More?

401(k), Business Owners, Retirement Planning

If you are a New Jersey business owner looking to maximize tax deductions and accelerated retirement savings, you might consider a cash balance plan! Cash balance plans provide a unique way to save for retirement that combines features of both traditional defined benefit plans and 401(k) plans. A cash balance plan can help you and your key employees save upwards of $200,000 per year for retirement! If you are looking for larger tax deductions and accelerated retirement savings, a Cash Balance Plan may be a perfect solution for you. Cash Balance Plans at a Glance Key Benefits Include: Tax advantages…