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The associated administrative burdens and fiduciary responsibility have made managing traditional retirement plans difficult and cumbersome. Pooled Employer Plans (PEPs) have emerged as a game-changer, offering a simplified and cost-effective solution for organizations to provide their employees with a valuable retirement benefit.

Choosing the right financial advisor isn’t just about trust—it’s about clarity, alignment, and results. If you’re actively building wealth or starting to think more seriously about retirement, it’s time to find a planner who matches your needs and mindset.

The 401(k) retirement plan, introduced in the Revenue Act of 1978, is still a relatively new workplace benefit.  For example, employee-provided health insurance goes back to the early 1940s in response to concerns about inflation as the US started coming out of WWII.  Going back even further, it was in 1911 to little fanfare that Pantasote Leather Co. started offering group life insurance policies to their 121 employees.

In the current volatile and unpredictable economic environment, it is understandable if you are questioning the stability of your financial plan, provided that you have one. Reviewing your life circumstances is appropriate in good and bad times, and employing a Financial Stress Test should be a part of your overall approach.  This valuable tool is frequently employed by the ultra-wealthy, however, you don’t have to have a net worth of hundreds of millions to benefit from it.

Selecting a fiduciary advisor is an investment in your financial well-being. By prioritizing your needs, conducting thorough research, and following these steps, you’ll be well on your way to finding the right financial advisor for you. With a qualified fiduciary advisor by your side, you can confidently navigate the financial planning landscape.

One crucial step for managing your financial future lies in choosing the right financial advisor, specifically a fiduciary advisor who puts your interests first. The purpose of this guide is to equip and empower you with the knowledge to select the right advisor for your financial journey.