December 19, 2024
Are you thinking about switching financial advisors or reevaluating your investment strategy? It’s a significant decision, and ensuring your financial future depends on recognizing potential pitfalls in your current plan. Spotting red flags early can help you make informed choices and stay on track toward achieving your financial goals. Here are some common warning signs to watch out for, along...
Read NOW
December 17, 2024
What SECURE Act 2.0 Means for Your Retirement: Major Changes Explained
The Setting Every Community Up for Retirement Enhancement Act 2.0, or SECURE 2.0 became legislation on December 29th 2022 through the larger “Consolidated Appropriations Act of 2023“, the official name for the budget bill of 2023. This long overdue update to the retirement industry has implemented many (over ninety!) changes that will help every day Americans better prepare for retirement....
Read NOW
December 10, 2024
Top 4 Retirement Savings Options Compared: Help Boost Your Financial Future
As individuals progress through their professional careers, various retirement savings vehicles are available, each offering distinct advantages and suitability depending on an individual’s financial goals, tax considerations, and preferences. There are numerous retirement savings vehicles, but this article will focus on the most commonly used options, including: Additionally, we will discuss how to determine the right retirement savings vehicle that...
Read NOW
December 3, 2024
Mastering Your 401(k) Fiduciary Duties: A Guide for HR Leaders and Executives
What is a Group Retirement Plan Fiduciary? A group retirement plan fiduciary is an individual or entity that has discretionary authority or control over a retirement plan or its assets. Fiduciaries are legally responsible for acting in the best interest of plan participants and their beneficiaries. They can be personally liable for any breaches of their fiduciary duties. Key Responsibilities...
Read NOW
November 26, 2024
Complete Guide to Retirement Plans: Pros, Cons, and Best Choices for Small Business Owners
Small Business Guide to Retirement Plans Offering a retirement plan to employees used to be viewed as a great way to incentivize new talent and retain current employees, but this feature has now shifted to a fundamental requirement in order to remain competitive within their industry. This pivotal shift highlights the importance of a retirement plan in attracting, motivating, and...
Read NOW
November 19, 2024
Solo 401(k) Explained: The Self Employed Retirement Plan for Solo Entreprenuers
What is a Solo 401(k)? Understanding This Self-Employed Retirement Plan A 401(k) Plan is a type of retirement savings plan where participants contribute money from their earned wages into a retirement investment account. In a traditional 401(k), the contribution is taken from the paycheck before taxes are taken out. The account can be invested in the market and will grow...
Read NOW
November 12, 2024
What is My Company Paying for Group Retirement Fees?
How Do I Find Out What My 401(k) Fees Are? When participating in a group retirement plan, there are two ways service providers can assess their fees: The first step in determining the fees is to determine who is paying them. Is the company paying the fees on behalf of the employees, or are the employees paying the fees? ...
Read NOW
November 4, 2024
Navigating Market Volatility: How Businesses Can Support Employees in Group Retirement Plans
Market turbulence can significantly impact a company’s retirement plan, creating both hurdles and opportunities. To navigate these choppy waters effectively, it’s essential to maintain a long-term outlook and resist the urge to make impulsive decisions based on temporary market shifts. Many times emotional investing will trigger an individual investor to either try to time the market or focus on protecting...
Read NOW
October 21, 2024
Boost Your Social Security: The Hidden Payback Option Explained
While retirement might seem like a distant horizon for many of us, understanding Social Security now can set us up for a more secure future. One lesser-known aspect of Social Security is the “payback option” – a strategy that could potentially boost your benefits down the line. What is the Social Security Payback Option? The payback option, sometimes called the...
Read NOW
October 14, 2024
Pennsylvania’s New Tax Break: Boosting Small Business Support for 529 College Savings
What is the New Pennsylvania Tax Break for Small Businesses? In July 2023, Pennsylvania introduced a new tax break as part of its state budget package, offering significant incentives for small businesses that contribute to their employees’ 529 college savings plans. This initiative aims to encourage employers to offer their employees a valuable tax deduction to help them save for...
Read NOW
October 7, 2024
10 Tips to Protect Your Retirement Savings from Inflation
Inflation is often called the “silent thief” of retirement savings. It can erode the purchasing power of your money over time, potentially derailing even the most carefully laid retirement plans. But do not worry – there are strategies you can employ to help safeguard your nest egg from the effects of inflation. How Does Inflation Impact My Retirement? Before diving...
Read NOW
September 30, 2024
Fiduciary Financial Advisors: Help Secure Your Financial Future with Trustworthy Expertise
When it comes to managing your finances and planning for the future, finding the right guidance is crucial. You may have heard the term “fiduciary financial advisor” and wondered what it means, why it matters, and how to find a fiduciary financial advisor near you. Not all financial advisors are the same. Some provide higher levels of service, expertise, and...
Read NOW
September 17, 2024
401(k) to IRA Rollover Guide: Maximize Your Retirement Savings
401K Rollover to IRA Rules There are two types of rollovers: direct rollovers and indirect rollovers. In a direct rollover, the funds from your 401(k) are transmitted directly to the new retirement plan. There are no withdrawal fees or distributions to the participant, making this the most hands-off rollover method. An indirect rollover is where the funds from your 401(k)...
Read NOW
September 10, 2024
401(k) Rollover Guide: Best Options for Your Old Retirement
What Are My 401(K) Rollover Options? When an employee leaves their job, they have to decide what to do with their old 401(k) retirement account. There are five common options you can consider that include: When Would I Want to Leave My Old 401(k) with My Former Employer? Leaving your old 401(K) account with your former employer is the easiest...
Read NOW
September 3, 2024
Navigating 401(k) Loans: What You Need to Know Before Borrowing from Your Retirement
401(K) loans can have a major impact on your retirement savings. Before rushing into one, you should consult with an advisor to determine if there are other alternatives to meet your needs. 401(K) Loan Rules The rules for a loan will vary by plan, as the provisions for a loan are outlined in the summary plan description (SPD) that was...
Read NOW
August 27, 2024
How Does a 401(K) Loan Work?
When contributing to an employer-sponsored retirement plan, participants typically do not expect to use the funds before retirement. However, in some situations, they may find they do not have any other alternatives. What is a 401(k) Loan? A 401(k) loan is when a 401(k)-plan participant borrows money from their retirement savings account. Since the money is being borrowed from the...
Read NOW
August 22, 2024
Test Your Financial Literacy: Take the Ultimate Financial Knowledge Quiz
Are you ready to test your financial knowledge? Whether you are a seasoned investor or just starting your financial journey, understanding the fundamentals of financial planning is crucial. This financial acumen quiz is designed to test your knowledge of key financial concepts, from the importance of a diversified investment portfolio to the principles of budgeting and investment strategies. Take this...
Read NOW
August 20, 2024
What Happens to a 401(K) When You Quit?
When an employee separates service from an employer with a 401(k), they must determine what to do with the retirement account. With the stress of change, sometimes determining what to do with your group retirement plan falls to the wayside. Adding on top having to figure out the options, it can be easier to try and ignore your account, than...
Read NOW
August 14, 2024
Choosing Trustworthy Financial Advice Sources in the Social Media Era
Social media has grown to be an important platform for exchanging and consuming information in the current era, including news and financial advice. Although this accessibility has advantages, it also makes it difficult to distinguish between untrustworthy and trustworthy financial information resources. Why is it so Hard to Identify Credible & Trustworthy Financial Sources on Social Media? The short-form content...
Read NOW
August 1, 2024
What Types of CRTs Are There?
There are two major types of Charitable Remainder Trusts: These types of Charitable Remainder Trusts are irrevocable trusts that allow for an individual to grant assets to a charity while receiving annual income for a set period of time or for life. An irrevocable trust means, once the trust is set up, changes cannot be made. When the assets are...
Read NOW
June 24, 2024
How To Choose the Right Investments for Retirement
Making important decisions about investment strategies in advance of retirement will guarantee growth and stability of funds throughout your post-retirement years. With correct planning, your nest egg can be maintained, and even grown, to ensure a comfortable retirement income and offer you the ability to take care of loved ones after you’ve left the workplace. With so many investment options...
Read NOW
June 17, 2024
How Business’ Can Engage the Younger Workforce in Retirement Planning
Many companies struggle to get younger employees engaged in their group retirement plans. This can be due to a number of factors, including eligibility requirements, student loan debt, and a lack of financial literacy. But don’t despair! This guide will explore the common barriers young employees face and offer four key methods companies can use to increase participation and empower...
Read NOW
June 10, 2024
Is Real Estate Investing a Smart Option for Retirement in Central Pennsylvania?
Considering real estate investing as part of your retirement strategy can be a smart move. This guide explores how real estate can offer financial security in your golden years. From rental properties generating steady income streams to potential appreciation in value, real estate has the potential to become a reliable source of income alongside your retirement savings. How to Create...
Read NOW
June 3, 2024
Debunking 5 Personal Finance Myths You Saw on TikTok
In today’s digital age, social media platforms like TikTok have become sources of personal financial advice, both good and bad. TikTok is flooded with personal finance information with promises of millions, early retirement, thousands in passive income, and more. However, it is crucial to be aware that not all of it is accurate. Myth 1: “Crypto Investments Guarantee Wealth” Cryptocurrency...
Read NOW
May 7, 2024
How Much Money Do I Need to Retire?
Understanding how much money you need to retire is one of the biggest questions we get from our clients, and it is one question we find they do not think about soon enough, or often enough. It is a question that lacks a one-size-fits-all answer, as the ideal retirement savings can vary greatly depending on individual circumstances, lifestyle choices, and...
Read NOW
May 3, 2024
Fix Your 401(k) Plan – Five Most Common IRS Red Flags for 401(K) Plans
Red flags in a 401(k) plan can trigger an audit or other scrutiny from the Internal Revenue Service (IRS). Below is a brief list of some common red flags that alert the IRS if an audit may be warranted. Use this list to identify 401(k) plan issues and make sure your TPA (third party administrator) can correct the issues as...
Read NOW
April 26, 2024
Is $1 Million Enough to Retire?
Planning for retirement is a significant financial milestone for many individuals. Among the many questions that arise during this planning phase, perhaps one of the most common is, “How far can $1 million take me in retirement?” While $1 million might sound like a substantial sum, its purchasing power in retirement can vary widely depending on factors such as: 4...
Read NOW
April 25, 2024
401(k) Audit Red Flags: How Your Company Can Avoid Costly Mistakes
Determining if there are any red flags in your 401(k) audit is not as simple as seeing a bright red flag at the home screen of your 401(k)-plan website. To determine if there are any red flags, you will need to review the various aspects of the plan and determine if there is a potential 401(k) issue that may be...
Read NOW
March 6, 2024
How to Protect Group Retirement Plans Against IRS 401(k) Red Flags
In the ever-changing world of group retirement plans, ensuring compliance with regulations set by the Internal Revenue Service (IRS) is essential in promoting the financial well-being of both the employer and employees. As the plan sponsor of a retirement plan, it is important to be proactive in identifying and addressing potential IRS red flags. Understanding 401(K) Audit Red Flags 401(k)...
Read NOW
February 28, 2024
401(k) IRS Audit Triggers for Retirement Plans in 2023
An Internal Revenue Services (IRS) audit is an inspection conducted by the IRS to ensure compliance with tax laws and regulations. When a business sponsors a 401(k) plan, audits can be particularly significant as they verified that employers are following the rules governing the establishment and maintenance of retirement plans. The IRS conducts these audits to ensure the integrity of...
Read NOW
February 20, 2024
2024 Market Outlook: Adapting to Shifting Economic Realities
As we enter 2024, deciphering macroeconomic signals and navigating through dynamic market trends remain pivotal for investment success. The global investment landscape presents investors with a complex list of challenges and opportunities. Understanding the ever-changing economic dynamics is crucial in adapting to the evolving market conditions. Reviewing The Economic Landscape Near You in 2023 In 2023, numerous economies demonstrated remarkable...
Read NOW
February 14, 2024
Strategies for Investing in Stock Market Volatility
Navigating the challenges of a stock market characterized by rapid fluctuations requires a strategic mindset that acknowledges the inherent uncertainty. While stock market volatility may be unsettling, it does not have to discourage investors, rather, it can be seen as a catalyst for informed decision-making and potential growth. What is Market Volatility? Volatility denotes rapid price shifts driven by various...
Read NOW
January 29, 2024
Maximize Your Savings: Understanding 2024’s New Higher IRA and 401(k) Contribution Limits
In the ever-evolving financial landscape of retirement savings and tax provisions, 2024 brings promising news for individuals planning for their future. The annual adjustments due to the cost of living have ushered in increased contribution limits for IRAs and 401(k) plans, offering enhanced opportunities for individuals to bolster their retirement funds. What are the 2024 IRA Contribution Limits? Last year...
Read NOW
January 18, 2024
10 Things to Consider Before You Make Investing Decisions
In a world of financial opportunities and pitfalls, the investing decisions you make for your hard-earned money can be a significant step toward building a secure and prosperous future. Whether you are an experienced investor navigating the ever-evolving landscape of financial markets or a novice taking your first foray into the world of investments, the decisions you make can profoundly...
Read NOW
January 11, 2024
2024 Financial Literacy Law: Mandating Financial Education in Pennsylvania Schools
Pennsylvania’s recent legislative mandate, requiring financial literacy courses in both public and private schools, marks a significant stride towards equipping teens with beginner financial literacy skills. This emphasis on financial education underscores its pivotal role in enabling effective money management and steering individuals away from debt pitfalls. “We are excited to see Pennsylvania enact this legislation. Often times, financial literacy...
Read NOW
November 1, 2021
A Smarter Way to Reward Your Best Employees
One of the biggest issues companies face is retaining their best employees. Benefits such as maternity leave, lengthy vacation, group retirement plans and healthcare have come to be expected, but they are costly and do not always keep great employees for the long-term. Is there a better option? Rewarding Your Achievers When you increase the types of benefits mentioned above,...
Read NOW
October 8, 2021
Stop Holding all Your Company’s Value!
So, you’re thinking of selling your company and you think you know what it’s worth. Do you know where your company’s true value is derived from? This is a very simple question that most business owners get miserably wrong. Where the True Value Lies Most owners believe their success comes from the quality of service or product. Or they will...
Read NOW
June 24, 2021
Four Reasons Strategic Planning Can Up Your Business Success
Strategic planning is not a new concept to business owners; however, it is an activity that is constantly put on hold by many of us. The tendency to get caught in the details rather than the big picture is a trap. It impacts our growth opportunities, increases our stress, and makes the day longer. Below are the four ways that...
Read NOW
April 2, 2021
Common Misconceptions of Employee Benefits
Every business owner knows a horror story about key employees. Some employees are poached by competition, leave and take coworkers or clients with them, or have held the business sale hostage, renegotiating their compensation packages right before the sale finalizes. With our economy growing so quickly, golden handcuffs are more important than ever to retain and attract key talent. What...
Read NOW
April 2, 2021
What is the Difference between Traditional and Roth Tax Deferring Accounts?
Retirement vehicles come primarily in two forms Traditional and Roth. These are most commonly found in IRAs (Individual Retirement Accounts) or 401(K)s. They are both tax-advantaged vehicles designed for long-term savings and investments, to help people plan for their long-term goals, such as retirement. Each type of account has its own advantages and disadvantages. The right account for you will...
Read NOW
April 2, 2021
Identifying Waste Within Your Company’s Operations
Identifying waste within your company’s operations is harder than one would expect. After following the same process and procedures for months or years at a time, we do not always see the bottlenecks as we are so use to the current methodology. Lean Sigma Lean Sigma methodology helps companies increase their bottom line by reducing Muda, the Japanese term meaning...
Read NOW
FREE Benchmark Comparison Services
Financial Advisor Locations:
Camp Hill, PA Financial Planning Office
York, Pa Financial Planning Office
Harrisburg, PA Financial Planners
Communities Served:
Disclosure: Check the background of your financial professional on FINRA's BrokerCheck. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Cambridge and Langan Financial Group, LLC. are not affiliated. Cambridge Investment Research Advisors, Inc. a Registered Investment Advisor. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC, to residents of: AL, AZ, CO, DE, FL, GA, IA, KY, MD, NJ, NM, NY, NC, OH, PA, TX, VA, WI Cambridge and Langan Financial Group does not offer legal advice. Estate planning services are in regards to your overall financial plan. Always be sure to speak to a legal professional in regards to specific legal matters. Fixed insurance services offered through Langan Financial Group.
Testimonial/Endorsement Disclosure: The testimonials may not be representative of the experience of other customers. The testimonials are no guarantee of future performance or success. All of the testimonials/endorsements are clients with the exception of Steven Martinez of York SPCA. There was no cash nor non-cash compensation for any of the testimonials provided.
© Langan Financial Group
Harrisburg, PA Office
Address: 1863 Center St, Camp Hill, Pa 17011
Phone: 717-288-1880
York, PA Office
Address: 3405 Board Rd, Suite 200, York, Pa 17406
Phone: 717-773-4085
