This week I want to talk about “fit”. But I’m not talking about being physically fit (although that is also important in life). I am talking about philosophical, and personality fit when it comes to your work life. So, let’s start with philosophical fit. Philosophical fit refers to the alignment of an individual’s values, [...]
Are emotions important when it comes to our success? Emotions play an important role in how you think and behave and can come in many forms as they can be the annoyance you have with a co-worker which is typically short-lived or more long-lasting like when you have sadness over the loss of a [...]
What do we desire and how do we get there? And I know you might be thinking is desire really something that we should be concerned about when it comes to our life. The answer is absolutely YES. Desire is important because it gives us inspiration and energy. Desire motivates us and without it, [...]
What is your purpose and why is it important to everyone? The dictionary defines purpose as the reason for which something exists or is done. But YOUR purpose is so much more than that! First of all, purpose is something you should “live into”. Purpose is a belief that life matters and that you [...]
Many people talk about vision and why you need to have a vision. In fact, many people would say that you must have a vision larger than yourself…. much larger! So how do we create a vision for ourselves and how do we make those visions become realities? Vision is extremely important in so [...]
This week I want to talk about belonging. I say frequently that being part of my group “feeds my soul”. Several times this year I have spent time with a group of girlfriends (even though I never feel I get to spend enough time with them)! Just being with these gals and hanging out [...]
Recently my firm of 25 years (Sunwest Pensions) merged with July Business Services. My response to this transaction has been very favorable with my friends and colleagues. It really has been an amazing experience and now allows me to continue to live my dream and make an impact on others. I want to spend [...]
My final post relating to Secure 2.0 is about the expansion of what can be self-corrected in retirement plans. What we are talking about when we talk about self-correction is things that happen in the day to day administration of a retirement plan. We all know that mistakes happen and that retirement plans continue [...]
There are 2 provisions that are part of Secure 2.0 that I am calling “in case of emergency”. I think both are interesting provisions that should be considered from both a positive and a negative standpoint.First is the provision of penalty free distributions in case of domestic abuse. This provision is effective for 2024 but [...]
So, there are two changes in Secure 2.0 relating to Roth contributions that I will cover.First effective January 1, 2024, it will be required for all catch-up contributions to be Roth for participants who earn more than $145,000 per year. In my opinion this will be very difficult for plan sponsors to administer…and they need [...]
