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Should You Earn More Money or Spend Less Money to get Out of Debt?

Should You Earn More Money or Spend Less Money to get Out of Debt?

Should You Earn More or Spend Less?

Debt can be so overwhelming… Whether it’s student loan debt or credit card debt, it all hurts your wallet the same way. If you want to pay it off, you have to decide between two things… or do you?

Is Spending Less Money the Best Option?

When you are in debt, you hear often that you need to spend less money if you ever want to get out of debt. The most frequent phrase used on this side of the argument is the “latte factor”. Basically, this phrase is saying that you should cut out a latte a day to get out of debt or invest in your future. It does not just mean lattes, however, it is talking about any unnecessary expenses. Maybe, you do not need cable anymore because you only watch Netflix and Hulu.

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How to Increase Employee Participation in Your Company’s Retirement Plan

All employers want to increase participation in their retirement plans, right?

We may all want it, but do our actions drive an increase in participation? Maybe not…

First thing that any plan sponsor has to do, before they can increase participation, is to define what “increase participation” is for their plan. Maybe, “increase participation” means that you want the people that are already contributing to contribute more. Or maybe, you want more of your employees contributing to the plan. Either way make sure to define what it means to increase participation for you and your plan.

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Are We Comfortable with the Uncomfortable?

Are we now comfortable with the uncomfortable?

Notching its eighth consecutive quarterly advance, the S&P 500 rose approximately 4.4% in the past three months. What’s more remarkable is the resiliency of the market in the face of events that would historically cause periods of panic, leading to increased volatility as equity markets sell off and investors flock to the safety of bonds. In years past, life altering events typically force the market into disarray; however, despite recent events such as the standoff with North Korea, the multitude of natural disasters, the Charlottesville unrest, Catalan turmoil in Spain and the Las Vegas shooting, the equity markets keep shrugging off every occurrence and continue chugging along. The lack of inflation, steady economic growth, accommodative monetary policy, strong labor market and very strong earnings growth have created a robust tailwind for equities, creating a sense of investor complacency with what would traditionally be viewed as an uncomfortable turn of events.

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Investment Allocations That Are the Right Fit For Your Company’s Employees

Hagan Newkirk

Provides Investment Allocations That Are the Right Fit For Your Company’s Employees (Participants)

As an Employer it is important to provide your employee retirement plan participants with great fiduciary services but it is also important to provide them with great participant service, what we like to call “eyeball to eyeball services”, taking care of employee participants one-on-one, face-to-face. Hagan Newkirk advisors are experts at dismantling the notion that investing has to be “difficult” and “hard”, making it much easier for employers to help their employees successfully plan for long term financial stability.

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Life Insurance: A Key Component of a Financial Planning

Life Insurance: A Key Component of a Financial Plan

If asked what comes to mind when thinking of financial planning, many would likely mention topics such as saving for retirement, planning for college, creating strategies for retirement income, or structuring a portfolio with an eye toward maximizing tax efficiency. Indeed, planning for our later years, or saving to accomplish certain goals, tend to be the primary focus for many in financial planning. Equally important, we believe, is the importance of incorporating life insurance strategies into a financial plan that will address specific needs such as providing for loved ones, or ensuring a business’ continuity, if and when one is gone.

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