Christmas is over and the new year is here. Most of my family’s decorations have been taken down, with the exception of the outside lights and Nativity, which will stay up through the weekend. The holiday stations on FM and Sirius XM radio have gone back to their regular programs. The good wishes and sincere hopes for a happy new year have all been expressed. It’s time to get back to work, back to school, back to non-holiday life.
This time of year, this post-joyous season, it could be a bit of a let-down, but it doesn’t have to be. In fact, I think it’s kind of a hopeful time for many of us. We’ve resolved to do better somehow, maybe to exercise more or work more efficiently or learn something new. We’re planning to be better parents or children or friends. To be more involved or to give more to those who need it or simply to be better people. Each new year brings with it the opportunity, if not to rewrite our whole story, at least to write a new chapter. And that’s a lot of hopefulness.
There’s another resolution I’d like you to consider: think about a retirement plan. It could be that you’ll benefit from a 401(k) plan, either Roth or traditional. Maybe a defined benefit plan would work well, or a new comparability profit sharing plan. In certain situations, a cash balance plan would be best.
At Cavooris Consulting Group, we design plans that are right for our individual clients. There’s no one-size-fits-all when it comes to retirement plans. Let us take a look at your situation and we’ll give you a proposal to meet your objectives. It’s a new year. Maybe it’s time for a new retirement plan.
#HappyNewYear #WednesdayWisdom #SiriusXM