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Just How Good Is Your Company's 401(k) Plan?

Posted by State Bank of Cross Plains on March 11, 2019
Just How Good Is Your Company's 401(k) Plan?

By: Dan Savage, Senior Vice President and Senior Trust Officer

Business owners know that a high-quality 401(k) plan is an essential fringe benefit, valuable to both company and employee alike. Some also believe that offering 15 to 25 mutual funds, daily valuation, online statements, reasonable cost, and perhaps a few slick online planning tools somehow make their plan “first-rate.”

We disagree. We believe that the above-listed attributes, while important, are insufficient to qualify a plan as first-rate.

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Topics: Financial Planning, Wealth Management, Retirement, Retirement Planning, Saving

Back To Basics: Diversification And Asset Allocation

Posted by State Bank of Cross Plains on March 11, 2019
Back To Basics: Diversification And Asset Allocation

By: Mark Drachenberg, Vice President and Senior Portfolio Manager

The following article – republished here courtesy of Broadridge Investor Communication Solutions, Inc. – contains sound advice for investors of any age and level of expertise. Regardless of one's market savviness, employing a back-to-basics approach can help keep things simple and provide perspective on one's goals and how best to achieve them.

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Topics: Financial Planning, Wealth Management, Retirement, Stock Market, Retirement Planning, Saving

Succession: Both An Art and A Science

Posted by State Bank of Cross Plains on February 5, 2019
Succession: Both An Art and A Science

By: Jordon Geiger, Vice President and Trust Officer

What is a legacy? Is it the continuing operation of your business? It can be. Your personal wealth? Your family’s wealth? The brand image and reputation you’ve built? The lifestyles and careers of your children or other successors? Yes to all.

There is no formula a business owner can use to address the emotional side of succession. But there are strategies and leading practices an owner can use to confirm that his or her legacy isn’t left to chance.

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Topics: Wealth Management, Succession Planning, Retirement, Business Plan, Business Valuation, Retirement Planning

2019 IRS Retirement Contribution Limit Changes and the Race to the Retirement Finish Line

Posted by State Bank of Cross Plains on January 9, 2019
2019 IRS Retirement Contribution Limit Changes and the Race to the Retirement Finish Line
By: Jeff Supple, Vice President and Trust Officer

Cost of living increase will kick in during the 2019 tax year which means individuals can save more money in tax-advantaged plans prior to their retirement. 

Here are some key numbers:

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Topics: Financial Planning, Wealth Management, Retirement, Tax, Retirement Planning

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