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Podcast: Q&A on “How to Not Outlive Your Income”

/// Posted by Wayne Slattery

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Wayne Slattery, Financial Advisor in the Wealth Management Division of Sapers & Wallack, answers questions about our June blog, “How to Not Outlive Your Income”.

 

The New Paid Family Medical Leave Law in Massachusetts

/// Posted by Paula Drozdal Connors

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In 2018, Massachusetts signed into law a statute that provides paid family and medical leave (PFML) benefits to workers. Massachusetts becomes only the sixth state, along with the District of Columbia, to require paid leave. The state has yet to issue final regulations, but they did provide updated draft regulations at the end of March. Although benefits will not be paid until January 2021, employers have obligations to notify employees of this law now. The withholding and reporting obligations begin on July 1st, 2019.

Employers must notify their workforce about the law including the benefits and protections that apply to them. This is a two-part requirement and includes a workplace poster and a written notice to employees. 

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Podcast: Q&A on “The New Paid Family Medical Leave Law in Massachusetts”

/// Posted by Paula Drozdal Connors

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Paula Drozdal Connors, Senior Vice President at the Hilb Group of New England, part of the Sapers & Wallack organization, answers questions about our May blog, “The New Paid Family Medical Leave Law in Massachusetts”

Cyber Security: It’s a Nightmare Scenario

/// Posted by Cristie Hanaway

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On March 22, 2018, the city of Atlanta’s website was hit by a ransomware cyberattack. Residents couldn’t access online applications or pay water bills and parking tickets. Court proceedings were cancelled. An estimated ten years’ worth of documents, including police dash cam recordings, were lost. It was five days before city government employees could turn on their computers. The city may spend more than $10 million to fully recover.

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Cristie Hanaway, Senior Vice President of Property & Casualty at the Hilb Group of New England, part of the Sapers & Wallack organization, answers questions about our April blog, “Cyber Security: It’s a Nightmare Scenario“.

 

Listen to our podcast here:

 

What is a Roth IRA and Why Do I Need One?

/// Posted by Scott Tuxbury

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There’s a lot to like about investing in a Roth IRA, Roth 401(k) or Roth 403(b), especially if you’re young or expect to be in the same (or higher) income tax bracket when you retire. Any money you invest in a Roth grows tax-free—even when you cash out in retirement—and it can be invested in a number of ways, from stocks and bonds to mutual funds. Another plus: the 2018 Tax Cuts and Jobs Act (TCJA), makes Roth IRAs even more attractive because they can protect your investment from future tax rate increases.

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Scott Tuxbury, Vice President and Leader for the Retirement and Wealth Management Practices at Sapers & Wallack answers 3 questions about our March blog, “What is a Roth IRA and Why Do I need One?” 

 

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Reimagining Retirement Distribution Planning

/// Posted by Scott Tuxbury

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Retirement distribution planning is not what it used to be. People are living longer, cost of living expenses are on the rise, and healthcare costs are easily outpacing wage increases and the market. Now, more than ever, creating and sticking to a thorough retirement savings plan is necessary to ensure that your latter years and legacy are what you intend them to be.

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Scott Tuxbury, Vice President and Leader for the Retirement and Wealth Management Practices at Sapers & Wallack answers 3 questions about our February blog, “Reimagining Retirement Distribution Planning”

Listen to our podcast here:

 

Financial Incentive Guidelines for Wellness Programs

/// Posted by Tom Connors

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Happy New Year to all, and get those Super Bowl plans ready!

Unless you are currently offering a well-organized & exciting wellness program that encourages your employees to get out and take walks at lunch, count their steps, eat healthy, and even consider throwing that pack of cigarettes (or vapes for you youngsters) in the trash,  all those wellness programs that took a ton of our time to plan and got approved by management, that seemed progressive and many times “fun”, just got a kick in the pants!  Where do we go from here?

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