When it comes to your employee benefits, the major one of course is some type of work-sponsored retirement plan, and by now all of you know (I hope!) that you need to contribute at minimum what it takes to earn the full company match. That is literally free money you’re being given. Don’t turn it down.
Labor Day typically cues up the start of the fall work season at the Family Financial Partners office, as we review the performance of financial plans and portfolios for our client families. In addition, this is the time when we review employee benefits with our client families, as many of you are receiving your renewal packets. If you’re self-employed and think this newsletter isn’t for you, simply skip down to where you see “self-employed” in bold.
Well, that was a heck of a Derby! I have to say, never before can I recall a 10-day period where I got to watch pro soccer, pro baseball, the NBA playoffs, the start of college football, the Kentucky Derby and tonight, the start of NFL football!
This week, I want to talk about stock splits, as I’ve been getting a few questions about what this means. Apple recently split their stock four-for-one, and Tesla split five-for-one. That means that if you used to own one share of Tesla worth, say, $2,000, you now have five shares worth $400 each. Stock splits certainly aren’t anything new, and were common during the late 1990s tech boom (more on that later). The split does not change the value of Tesla.
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