NAPA Names Kathy Peterson one of the 2023 Top Women Advisors
NAPA Names Kathy Peterson one of the 2023 Top Women Advisors LAKE OSWEGO, OR, OCT 30, 2023— Aldrich Wealth is honored to announce that Kathy Peterson, Senior Retirement Plan Consultant, was recognized by the National Association of Plan Advisors as one of the 2023 Top Women Advisors. This is the first year Peterson has been named… Read more NAPA Names Kathy Peterson one of the 2023 Top Women Advisors
Protecting Your Health Plan against Excessive Fee Litigation
Protecting Your Health Plan against Excessive Fee Litigation Since the early 2000s, retirement plans have battled lawsuits claiming plans pay excessive fees to covered service providerssuch as plan administration and investment fees. These fees can significantly drain the value of participants’ accounts—a 1% increase in fees can reduce an account balance at retirement by 28%,… Read more Protecting Your Health Plan against Excessive Fee Litigation
Leveraging Health Savings Accounts in Your Financial Plan
Leveraging Health Savings Accounts in Your Financial Plan By: Aldrich Wealth LP When planning for retirement, many individuals tend to focus on traditional retirement accounts such as 401(k)s and IRAs. While these accounts can play a pivotal role in building a secure retirement nest egg, another retirement savings vehicle often goes overlooked: the Health Savings… Read more Leveraging Health Savings Accounts in Your Financial Plan
Fewer Audits? Important Changes to 2023 Form 5500 and Form 5500-SF Filings
Fewer Audits? Important Changes to 2023 Form 5500 and Form 5500-SF Filings The extended Form 5500 filing deadline is approaching, and 401(k) plan sponsors will recall the time-consuming and labor-intensive work required for completing an annual plan audit. Starting on January 1, 2024, the Department of Labor (DOL) and the SECURE Act 2.0 introduced a… Read more Fewer Audits? Important Changes to 2023 Form 5500 and Form 5500-SF Filings
Is Your Brain Tricking You Into Bad Financial Decisions?
Is Your Brain Tricking You Into Bad Financial Decisions? In the world of investing and personal finance, numbers and data often take center stage, overshadowing the crucial role psychology plays in decision making. That said, we cannot ignore the impact that our emotions and cognitive biases have on our financial outcomes. Recently, a client shared… Read more Is Your Brain Tricking You Into Bad Financial Decisions?
Exploring Tax Savings through Home Renovations and Clean Energy Upgrades
Exploring Tax Savings through Home Renovations and Clean Energy Upgrades With summer here, many homeowners are considering home renovations and cleaning projects. If you’re thinking of making some improvements to your home, you could potentially save money. Thanks to the Inflation Reduction Act (IRA) and the Residential Clean Energy Credit (RCEC), there have been changes… Read more Exploring Tax Savings through Home Renovations and Clean Energy Upgrades
Aldrich Wealth recognized in 8th consecutive year as a Top Firm by AUM, Accounting Today
Lake Oswego, OR., June 7, 2023 – In 2023, Accounting Today’s 17th annual ranking of Top Firms by AUM recognizes Aldrich Wealth as the 13th highest CPA wealth management company based on assets under management (AUM) amongst 150 firms nationally. This annual report recognizes “2023 Wealth Magnets” as the leading CPA-affiliated wealth management firms based… Read more Aldrich Wealth recognized in 8th consecutive year as a Top Firm by AUM, Accounting Today
An Urgent Appeal to Your 401(k) Auditor: Navigating Revenue Sharing, Fee Equalization, and Net Expense Ratios to Minimize Litigation Risks
An Urgent Appeal to Your 401(k) Auditor: Navigating Revenue Sharing, Fee Equalization, and Net Expense Ratios to Minimize Litigation Risks This article examines the importance of understanding and managing revenue sharing, fee equalization, and net expense ratios in retirement plans to minimize litigation risks. With an increasing number of lawsuits filed against plan fiduciaries for… Read more An Urgent Appeal to Your 401(k) Auditor: Navigating Revenue Sharing, Fee Equalization, and Net Expense Ratios to Minimize Litigation Risks
Understanding FDIC and SIPC Insurance
Understanding FDIC + SIPC Insurance By Tawny Ramones, CFP®, CPA The recent collapse of Silicon Valley Bank and Signature Bank has raised concerns among consumers who have placed their hard-earned money in banks and brokerage firms and emphasized the importance of having insurance protection. In the United States, the Federal Deposit Insurance Corporation (FDIC) and… Read more Understanding FDIC and SIPC Insurance
NAPA Recognizes Aldrich Wealth as Top DC Advisor Team
NAPA Recognizes Aldrich Wealth as Top DC Advisor Team LAKE OSWEGO, OR., MARCH 22, 2023– Aldrich Wealth is pleased to announce that the National Association of Plan Advisors (NAPA) recognized our Corporate Retirement Plans team as a Top Defined Contribution (DC) Advisor Team. Marking Aldrich Wealth’s fifth year of recognition, the list consists of the… Read more NAPA Recognizes Aldrich Wealth as Top DC Advisor Team
SECURE Act 2.0: Provisions for Corporate Retirement Plans
SECURE Act 2.0 – What We Know So Far If your company offers a retirement plan, you have probably already seen about 700+ marketing emails letting you know that the “SECURE Act 2.0” was signed into law on December 29th, 2022. The Act features 92 provisions and one thing to keep in mind as you… Read more SECURE Act 2.0: Provisions for Corporate Retirement Plans
Aldrich Welcomes Five New Partners
