Are You Ready?
New Law in 2023 Employer Retirement Planning
FREE In Person Complimentary Lunch
Date: Wednesday, August 17 2022
Time: 11:30 AM to 1:00 PM MTN
Location: Private Dining Room at Tap & Burger Sloan’s Lake 1565 Raleigh St Denver CO 80204
Register at: https://www.eventbrite.com/e/are-you-ready-tickets-392240109727
Join us Wednesday, August 17, 2022, for a complimentary lunch to learn more about The Colorado Secure Savings Plan.
In 2023, Colorado employers with more than five employees are required to provide employees with a retirement plan.
Are you ready?
Learn about The Colorado Secure Savings: What it means for employers:
- Understand the current state of retirement health in our country
- Become familiar with the retirement legislation and how it impacts you
- Know and evaluate your options to comply
- Take the necessary steps to protect your business from costly penalties
REGISTER for this complimentary lunch to learn more about The Colorado Secure Savings Plan
https://www.eventbrite.com/e/are-you-ready-tickets-392240109727
National Financial Awareness Day is August 14
Whatever your financial situation may be, it is time to look at the big picture and commit to becoming more aware of your spending. Most of us like to wait until our birthday or the new year to plan our finances but today is a great time to start. August 14 is National Financial Awareness Day and a good reminder to take investing and saving seriously to build financial stability and prepare for the future.
The origins of the holiday are unknown but the aim of it is to develop and instill good financial practices that will solidify a person’s current financial status and serve them through retirement. Investing will make money do the work for us, which will result in less time spent working and leave more time for us to enjoy our lives. David Ravetch, a senior accounting lecturer at the University of California, Los Angeles, says, “We live in a world of financial illiteracy.” What he means is that most of us do not possess the knowledge and skills that are necessary to make informed and effective financial decisions with our existing financial resources.
Link to article https://nationaltoday.com/national-financial-awareness-day/
| By the Numbers | |
|---|---|
| 58% | the percentage of Americans who have less than $1,000 saved. |
| 8% | the percentage of U.S. citizens who believe they will recover from the recession. |
| $2,000 | the average emergency savings millennial Americans have. |
| 20% | the percentage of Americans who don’t save any of their annual income. |
| 50% | the percentage of American households who live paycheck to paycheck. |
| 32% | the percentage of U.S. families who maintain a household budget. |
| $1 trillion | the total credit card debt held by Americans. |
| 44% | the percentage of Americans who don’t have enough cash to cover a. $4000 emergency |
| 24% | the percentage of millennials who demonstrate basic financial literacy. |
| 40% | the percentage of student loan borrowers who aren’t making payments. |
| 68 cents | the amount saved by women in 2020 against a dollar saved by men, a. decrease from 70 cents in 2019, according to a report by LT Trust. |
Estate Planning for Small Business Owners in 8 Steps
1 – Start with a will and basic estate plan
2. Plan for tax efficiencies
3. Sort out issues in family-owned businesses
4. Draft a buy-sell agreement (for multi-owner businesses)
5. Buy life and disability insurance
6. Create a succession plan
7. Have a discussion with affected parties
8. Update your estate plan as necessary
As a small business owner, you have dozens of things competing for your attention on a daily basis. Marketing your product or service, hiring staff, invoicing customers… the list goes on. Most business owners are too busy taking care of the here and now to think about the future. In fact, 30% of business owners have no estate plan, and many of those who do haven’t updated their estate plan recently.
Business estate planning helps ensure that your business matters are handled according to your wishes when you die or if you become disabled. This is not a subject most people want to think about, but good planning will protect the business that you’ve worked so hard on and poured so many resources into. This is true for all businesses but especially for family owned businesses that you want to pass down to the next generation.
Read more on what you need to know to put together a comprehensive business estate plan.
Link to article: https://www.fundera.com/blog/estate-planning-for-small-business-owners
For more information on Wills and small business plans please contact Cheryl at info@CherylGarcia.com or 720-371-1736 (text/mobile)
Small Business Spotlight – Joni Inman Consulting LLC
Joni Inman Consulting, LLC, is an experienced small business consulting firm specializing in helping businesses strategically, and systematically, build or rebuild, their best business model.
Their services include:
- Strategic Business Plans
- Public Relations Strategy
- Marketing Strategy
- Legislative Advocacy
- Retreat and Meeting Facilitation
Working as an extension of you, they will serve as your “invisible” (not silent) business partner. You don’t have to go it alone.
Clients of Joni Inman Consulting say they are the go-to resource for everything business, helping companies improve sales processes, develop marketing strategies, hire and train great employees, expand leadership skills, improve budgeting and projecting for future needs, strengthen team communication skills and so much more.
Click here to contact Joni Inman Consulting LLC
Link to website https://www.joniinmanconsulting.com/
MemberPERKS
As a LegalShield member you get access to MemberPERKS discounts. Right now you can save $20 on your taxes through TurboTax(R).
For more information on MemberPERKS, please contact me.
Protect Your Business Against Cyberattacks – Affordably.
A cyberattack can damage more than just your small or mid-size business networks – it can also devastate your business’s reputation and put your customers and employees at risk. By scanning your networks, we help you discover and address vulnerabilities while staying on top of new risks. And we’ll provide you with a specialist to help resolve the vulnerabilities remotely. In the event that your business is hacked, related expenses up to $100K with a Cyber – Protection Plan will help to put your business back on track quickly. IDShield for Business provides the essential layers to identify, protect, detect, respond and recover from a cyberattack. Learn more here.
Our 2022 LegalShield Community Outreach
The past two years brought many different challenges for families and businesses. Through it all, LegalShield and IDShield have been there providing assistance, resources, and peace of mind for you and others just like you.
My goal is to help as many families and businesses, as possible, to know about our services. If you have any family or friends who could benefit from our services, or if you know any business owners/ executives who could benefit from our Business Legal Plans, please have them contact me directly. It would be my pleasure to provide them with one-on-one, personalized assistance.
On behalf of our Provider Law Firms, Fraud Investigators and myself, thank you for the opportunity to serve you and. your family.
Cheryl Blum Garcia,
Benefit & Broker Specialist
LegalShield Business Solutions
