Reevaluate Your Beneficiary Designations

Hello from Sycamore,

Are your beneficiary designations current?

Over time, events may arise that necessitate a change in beneficiary information for your qualified & taxable brokerage accounts. It’s important to periodically check the beneficiary status of your investment accounts. Accounts that are lacking beneficiary information, or contain information that is not up to date, could create an issue for your survivors. It’s important to note that a beneficiary change to an account will only affect that account. Should you have multiple accounts (including 401(k)’s, life insurance policies, annuities, etc. from other vendors), you will need to update each one individually.  If you feel changes may be needed or are uncertain of your current beneficiary selection feel free to contact us.

If your accounts are held with Folio investments, you can check your beneficiary designations by logging in and selecting account settings then either the – ‘TOD beneficiary’ on taxable accounts or ‘beneficiary’ for IRA type accounts – section of each separate account.

Thanks for your business and trust,

Sycamore Financial Group

By |2022-07-21T12:18:38-04:00October 31st, 2019|2019 Newsletters|0 Comments

Maximizing your 401(k) Match

Hello from Sycamore,

Retirement accounts such as a 401(k), 403(b), 457(b), etc., can be useful wealth building tools. These plans can help you achieve your dreams of retirement. Choosing to sign up and contribute to a retirement plan is step number one, ensuring you are getting the full benefits of the plan is step two.

Retirement plans are typically set up in a way that the employee is rewarded for saving their money. For example, many 401(k) plans offer a matching contribution feature to where the employer has elected to match some or all your contributions.

Ensuring that your contribution rate is high enough to receive the full employer match is important. All monies deposited into your account by the employer are in essence, a pre-tax raise. Over time, the additional monies that find their way into your retirement plan could amount to an earlier retirement and/or a higher income in retirement. Check with your plan sponsor to find out if your account is receiving the maximum match so that you are not “leaving money on the table”.

As always, please reach out should you have any questions.

Thanks for your business and trust,


Brent Yard
Investment Adviser
Sycamore Financial Group

By |2022-07-21T12:14:05-04:00June 27th, 2019|2019 Newsletters|0 Comments
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