The Frankenplan is representative of a lot of people’s financial lives. It’s made up of many different parts, acquired at different times, sometimes for the wrong reasons and it is not very coordinated. It’s easy to fall into the Frankenplan trap. Let’s take Charles for example. Perhaps he bought a life insurance policy many years … Continue reading “The Frankenplan”

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School will be back in session soon! It will be homework, projects, sports, orchestra, band, and all the fun! How about a lesson on Saving, Spending, and Sharing? Children ages 7-11 and their Parents are invited to a session on the importance of these 3 components – Tuesday, September 10th  at 6:00pm. Join us at Gragg & … Continue reading “Save, Spend, and Share”

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401(k) plans may contain many different provisions, which often require considerable work to administer. And the more difficult a plan is to administer, the costlier it can be. A 401(k) plan has a third-party administrator who conducts testing to ensure that the plan meets and follows IRS and DOL compliance standards as well as preparing … Continue reading “Is your 401(k) plan playing a shell game?”

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