SB Financial Group

As we all know, women are an increasingly powerful force in the economy. In fact, women are expected to inherit $30 trillion in the next 30 years.

However, despite this massive wealth transfer, women are still woefully underserved by the financial industry.

Only 39% of women feel confident making investment decisions, compared to 65% of men.

This is a huge problem, and one that we are passionate about solving.

We have been helping women to learn about financial strategies and get in a better position to manage their wealths.

If you are a women or know of any women who can benefit from some insight.

Message us and we'd love to help them out.

PS: Men are welcome too :) we work with both men and women and love spreading wisdom around financial literacy

Source:Women as the next wave of growth in US wealth management - 2020 McKinsey Report

Did you know this about Required Minimum Distributions (RMD)?

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Here's something to know about -What Is A 401(k) Match?

What Are 401(k) Matching Contributions? If your employer offers 401(k) matching contributions, that means they deposit money in your 401(k) account to match the contributions you make, up to a certain threshold. Depending on the terms of the 401(k) plan, an employer may choose to match your contributions dollar-for-dollar or offer a partial match. Some employers may also make non-matching 401(k) contributions.

Matching contributions are an incredibly valuable benefit offered by employers, as they can be an effective way to increase employee engagement and motivation. Most employer offersome sort of matching contribution.

It is important to note that some 401(k) plans may require employees to vest before taking full ownership of the matching contributions made by their employers. Vesting is a process which allows employees to gain full ownership of employer-made contributions over a period of time.

This ensures that employees remain at the company for a predetermined length in order to take full advantage of the benefit. When you complete the vesting schedule, you are said to be “fully vested” and can now enjoy the fruits of your hard work!

Hope this helps.

Now, a question for you -

►Do you have 401(k) Match?

►Have you maximised it to support your personal financial or retirement plans?

Let me know if you have any questions. Just message me here 👍​
If you want to learn more about this contact me at :​
https://www.sbfinancialgroup.com​

How to Build Generational Wealth? (a simple but powerful question to ask)

What is 'Generational Wealth'?

Generational wealth is the ability to preserve and transfer assets from one generation to the next. Providing your children or grandchildren with even asmall financial safety netas they become adults may make it easier for them to achieve milestones, including going to college or purchasing a house.

Since your children or grandchildren may not use your assets for decades, you need to create a forward-looking investing plan that accounts for economic factors such as inflation

The goal behind amassing generational wealth is totake care of your childrenand grandchildren to make sure they have a better life than you have

Creating and sustaining generational wealth is no small task, but taking the following steps can help. Here are 5 simple steps.

✓ Step 1 -Talk About Money With Your Children
It’s important to make sure your children know and understand the money decisions that you’re making over time.

✓ 2- Build an Emergency Fund
Having at least three months’ worth of expenses in a liquid account will give you more flexibility if anunexpected expense arisesor you lose your job. By tapping into your emergency fund, you can let your long-term savings continue to grow untouched.

✓ 3- Prioritize Saving & Invest
Building enough wealth that it can last across generations requires consistently living below your means (and saving your excess income). Start by maxing out your retirement accounts, then you can move on to investing in outside brokerage accounts and other assets that might gain value over time.

✓ 4-Think About the Long Term
Your children or grandchildren may not own or use your assets for many decades. You have to create an investing plan that looks decades into the future and takes into account factors such as inflation, which can erode the value of your assets over time.

✓ 5-Have an Estate Plan
Having an estate plan – including a will and powers of attorney – ensures that your assets will get distributed the way you want after you pass away. Estate planning professionals can also help you set up a plan that minimizes the amount of taxes your heirs might owe on their inheritance.

What are your thoughts - comment below 👇​

5 MYTHS about “Retirement” that you need to be aware of

When I speak with individuals on the topic of RETIREMENT, I hear all sorts of things and most of them are concerning

So I decided to make this post hoping this will help you

Here are top 5 MYTHS about Retirement

I need a _________$ before I can retire

Maximising 401(k) contribution is all I need to retire comfortably

1. I don’t have time to plan for retirement, we will figure it out
2. I need to pay my home and that is my retirement plan
3. Investment portfolio management is the main part of a retirement plan
4. Now as you see all of the above may not be applicable to an individual
5. Your retirement plan is entirely dependent on your goals and vision of retirement

So don’t fall victim to “one size fit all” thinking when it comes to YOUR retirement

Need help with this?

Send me a message​

Women More Likely Than Men to Have No Retirement Savings. (is this true?)

It's no secret that women often lag behind men in financial matters, and it's especially evident when it comes to retirement planning.

Well Census Data is worth listening too. According to US Census Bureau.

♨️ About 50% of women ages 55 to 66 have no personal retirement savings, compared to 47% of men.

More insight.

✓ Women also lag men at the other end of the spectrum: 22% of women have $100,000 or more in personal retirement savings compared to 30% of men.

✓ Because 65% of men and 58% of women ages 55 to 66 are married (defined as those whose spouse lives in the same household), the amount of retirement savings available is difficult to assess. Married couples plan their retirement together and save together.

✓ Women and men have more comparable retirement savings when couples’ savings are combined with personal savings. However, there is still a smaller percentage of women who have retirement savings of $100,000 or more compared with their male counterparts (34.2% compared to 36.4%).

Appeal to Women - Please look at your financail plan. 🙏 If you need help feel free to reach out.

Source:US Census Bureau website.​
If you want to learn more about this contact me at :​
+1 920-740-4767​

Do you know 'What is the 25% retirement rule?'

The rule of 25 is a common benchmark for retirement savings. It states that you need to save 25 times your annual expenses in order to retire comfortably.

To calculate this figure

→ Start by multiplying your monthly expenses by 12 to get your annual expenses.

→Then, multiply that figure by 25 to arrive at your FIRE number – the amount you’ll need to retire.

It can seem daunting to think about saving such a large amount of money.

But, with careful budgeting and planning, it is possible to reach your retirement goals.

Start by looking at where you can make cuts in your budget and use the extra money to increase your savings rate.

Additionally, take advantage of employer-sponsored retirement plans and consider investing in stocks and bonds for long-term growth.

With dedication and discipline, you can achieve financial independence in the future.

If you need help or have question - just message me 👇​

Question -How Much Can You Gift Tax-Free?

The IRS permits individuals to make tax-free gifts up to a specified amount each year, encompassing assets like real estate, stocks, and cash. However, the gift may be subject to taxation ranging from 18% to 40%, contingent on its size. Primarily designed to prevent individuals from evading estate taxes by giving away assets before their demise, the gift tax predominantly affects the affluent, thanks to gift tax exemptions.

In 2025, the allowable tax-free gift is $18,000 per person, with taxes triggered only when the lifetime gifts surpass $13.61 million.

For instance, a single individual wishing to generously gift their daughter and her partner can provide a total of $36,000—$19,000 to each—without incurring taxes.

Exceeding the $18,000 exclusion limit doesn't result in immediate taxes but reduces the lifetime exemption. If, for instance, a gift of $60,000 is made in 2024, it surpasses the annual exclusion by $24,000, decreasing the lifetime exemption to $13.586 million.

This intricate system theoretically allows for substantial tax-free gifting, such as providing up to $13.646 million in assets in 2024, assuming the entire exemption remains intact. Understanding these nuances ensures efficient wealth transfer while navigating the complexities of gift taxation. 💸🎁​