Business Owners Archives - Page 2 of 3 - HFM Investment Advisors, LLC

A financial wellness program can be an extremely valuable benefit. Learn how it can help employees reduce stress while improving workplace productivity. Financial wellness programs are becoming an important benefit for companies of all sizes. In 2021, almost half (46%) of all employers offered financial wellness programs, up from 40% in 2020. Additionally, interest from the workforce had only increased as they assessed how their finances were impacted due to the COVID-19 pandemic. The primary focus of a financial wellness program is to provide education and resources to help employees better manage their finances and reduce related stress. A recent…

4 Simple Steps to Help Understand the Transition to a New 401(k) Recordkeeper

401(k), Business Owners

Learn what to expect when changing recordkeepers to avoid unpleasant surprises. Change can be exciting but is sometimes stressful. However, transitioning to a new 401(k) recordkeeper shouldn’t be a taxing experience. In this article, we’re going to talk step-by-step through the events that may take place and provide inside knowledge about what to expect, so there are few surprises for you. With our clients, we have found that when they are properly prepared for the events ahead, everyone experiences a smooth recordkeeper transition process. STEP 1 | RECOGNITION Congratulations! Recognizing the need for change is the first step toward finding…

What Does the Inflation Act Means For You?

What Does the Inflation Act Mean For You?

Business Owners, Financial Wellness, Investments, Retirement Planning

This article details the top three provisions in the Inflation Reduction Act that the average American will benefit from the most.

September Is Life Insurance Awareness Month

Business Owners, Financial Wellness, Retirement Planning

This article will use Life Insurance Awareness Month as an opportunity to talk about the importance of life insurance.

Selling A Family Business Twice With Ed Hutchinson

Business Owners, Podcast

Ed Hutchinson is the President and rainmaker of his family business Hutchinson Energy Services. Hutchinson Energy Services is a plumbing company turned HVAC full-service provider.

5 Ways Business Owners Can Optimize Retirement Savings

Business Owners, Investments, Retirement Planning

As a business owner, you have the ability to pull certain levers to increase retirement savings while controlling tax consequences. By understanding how different qualified plans can deploy savings and tax strategies, you can optimize cash flow for your retirement future.

Building a First Generation Family Business: Dental Practice

Business Owners, Podcast

A charming conversation between Dr. Harry and Cindy Monokian, and Michael Pallozi as they share how they built a dentistry practice from the ground up together, as a couple and as partners. They also talk about how it felt to gradually transition out of the business and officially hand everything over to their sons. They recount their long journey of intentional learning and inevitable trial and error as well as all the values they passed down to their sons.

Staying the Course through Volatile Markets

401(k), Business Owners, Investments, Retirement Planning

Turbulent times can bring turbulent markets. Many factors cause chaotic swings in the investing world including housing bubbles, political elections, international instability and as we have seen recently, a global health pandemic.

Growing Your Business By Helping Your Competitors

401(k), Business Owners, Podcast

Bill Hoffman joins Michael Pallozzi to chat about how he grew a community-first business by first helping his competitors. They discuss what he’s doing to prepare his business for an eventual transition. At this point, his family members aren’t interested in running his extermination business so he shares other available avenues for business transition.

Items Your Annual Retirement Plan Review May Be Missing

401(k), Business Owners

As a plan sponsor, you are no stranger to the annual retirement plan review. And even though there are still months left in 2022, it is never too early to prepare. Although you may meet quarterly or semi-annually with your advisor, a yearly plan assessment is an opportunity to evaluate the health of your plan.