All of us at TSG Financial wish you a very Happy Memorial Day!
Recent market volatility may have left you staring at your 401(k) in dismay. If you’re not seeing the results you want, there are ways to help grow your 401(k) faster.
Of course, the most obvious solution would be to contribute more. If you get a raise – raise your contribution amount. Hopefully, you’re already taking advantage of “free money” and contributing the full amount your employer matches, but you can always go above that amount as well. Apply any windfall money you come across, including work bonuses, to your retirement accounts. And if you leave your job, don’t leave your 401(k) behind. Rollover your 401(k), and you can avoid many administration fees or other expenses.
Funding your retirement goes well beyond your employer-sponsored 401(k) account. By looking at other tax-friendly savings vehicles, you can potentially save for retirement quicker and possibly save even more overall. To review your retirement savings plan and ensure you’re taking advantage of all the savings vehicles available to you, contact our office today.
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TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.
Every 40 seconds, someone in the United States has a stroke. Strokes occur when blood flow to the brain is blocked by a clot. The brain cells in the immediate area then begin to die because they are not receiving the oxygen and nutrients they need to stay alive.
Approximately 128,000 people die from strokes each year, and strokes are one of the leading causes of long-term disability in the United States. Common risk factors include high blood pressure, high cholesterol, smoking, diabetes and obesity. While strokes most often happen to the elderly, 25 percent of all strokes occur in those under the age of 60.
Each May, health organizations across the United States work to raise awareness of strokes and their symptoms. Common stroke symptoms include facial drooping, weakness on one side of the body and speech difficulty. The American Heart Association has the warning signs and symptoms of a stroke posted on their website.
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TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.
The Department of Health and Human Services (HHS) has launched the second phase of its HIPAA audit program, which focuses on compliance with HIPAA’s Privacy, Security and Breach Notification Rules.
This phase affects covered entities and business associates. If an audit reveals a serious compliance issue, HHS’ Office for Civil Rights (OCR) may investigate. The entities selected for an audit will have 10 business days to submit the requested information, and another 10 business days to respond to draft findings.
Communications from OCR will be sent via email and may be incorrectly classified as spam, so OCR expects covered entities and business associates to check their spam folders for emails from OSOCRAudit@hhs.gov. An entity that does not respond to OCR may still be selected for an audit or be subject to a compliance review.
Want more information? Call us today at (516) 747-3355 to learn how to sign up for newsletters from TSG Financial.
TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.
Making money isn’t always the hardest part of building wealth. Sometimes, how you spend and save your money can create greater roadblocks to success.
While it’s possible to gamble money away at a casino or lose your nest egg on a bad investment, more often people make smaller, everyday mistakes with their finances that add up over time. These common mistakes include: not having long-range goals; neglecting to budget; failing to track purchases; and using credit cards to pay for conveniences, luxuries and impulse buys.
Budgeting often prevents impulse purchases and splurges. But less than 40 percent of Americans actually have budgets in the first place – and many of them don’t follow those budgets. Creating – and sticking to – a budget is a habit that must be built. Once you plan your purchases and expenses ahead of time, stick with that plan and you’ll likely begin to “find” money you never realized you had.
Purposes and goals help you stay focused on your spending and savings plans. Without goals, you keep a budget but then spend the excess – once you view it as excess. Or perhaps you save effectively but only earn minimal interest, wasting years of potential extra growth.
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TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.
Since 2000, the rate of deaths from opioid overdoses has increased 200 percent, according to the Centers for Disease Control and Prevention (CDC). The CDC estimates that approximately 40 Americans die each day from opioid overdoses.
Recognizing this growing problem, the CDC recently released new guidelines urging physicians to avoid prescribing opioid painkillers for chronic pain, noting the risks of these drugs outweigh the benefits for most patients. These guidelines are aimed at primary care physicians, who prescribe nearly half of opioids, and do not apply to physicians treating patients with cancer or end-of-life care.
Instead of opioids, the CDC encourages physicians to prescribe other treatments like exercise, physical therapy and meditation. Studies have found that these methods often work better than opioids for the vast majority of people with chronic back pain.
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TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.
From May 4th - 6th, TSG Financial was in Saratoga Springs, NY to attend the HCA Annual Conference 2016. We were proud to be a Lead Sponsor of the event. Since the theme of the event was "Vote Home Care" we decided to have some fun with it! Our Home Care specialists Paul Essner, Bryan Pendrick and MJ Errante all sported eye-catching star-spangled "flag pants" which were a huge hit! We also debuted our new TSGF GOLF attire at the conference, which made everyone want to go tee-off! We always enjoy attending these events - it was great to catch up with some of our clients and make new connections too!
We were posting photos live from the event, and we put together our favorites in a slideshow to share with everyone. Be sure to follow us on Twitter and LinkedIn so you can be the first to see news from TSG Financial!
Click the image below to see the slideshow!
On March 23, 2016, the Supreme Court heard oral arguments in Zubik v. Burwell, a group of cases in which religious nonprofits are challenging a government-designed workaround to the Affordable Care Act (ACA) requirement that employers cover birth control for their employees.
As a result of the oral arguments, the Supreme Court ordered the parties to file supplemental briefs for the Supreme Court to review. The Supreme Court’s order is in response to the religious organizations’ argument that the contraceptive coverage mandate violates the Religious Freedom Restoration Act (RFRA). The argument is based on the organizations’ position that the accommodations approach requires them to facilitate providing contraceptive coverage, which violates their beliefs.
The Supreme Court hopes to receive additional suggestions from the parties through the supplemental briefs. It will be interesting to see how this plays out.
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TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.
On April 21, the world lost yet another high-profile celebrity when 57-year-old iconic musician Prince Rogers Nelson died unexpectedly at his famous Paisley Park complex in suburban Minneapolis.
Perhaps even more shocking than his sudden death is the apparent lack of a will. Tyka Nelson, Prince’s full sister, filed documents last Tuesday, April 26, in probate court, petitioning for the appointment of a special administrator over Prince’s estate. Nelson claimed no known existence of a will and listed herself and five living half-siblings as possible heirs and interested parties to the estate. Prince was unmarried at the time of death, with no living parents or known children.
Estate planning is necessary – and not just for celebrities. Creating a will is just one step in setting up an effective estate plan. Telling someone you have a will can help expedite transfer processes should you die unexpectedly. Setting up trust funds to gift your estate to family, friends or charities after your death can protect your assets from heftier tax burdens during the transfer. Personally designating someone to oversee your accounts and to manage your estate can help ensure the people you choose receive their benefits, instead of letting your next of kin, or even the state, decide for you.
Want more information? Call us today at (516) 747-3355 to learn how to sign up for newsletters from TSG Financial.
TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.
A study by researchers at Oregon State University found that the overwhelming majority of Americans do not live a healthy lifestyle. The study measured how people followed four healthy characteristics: moderate exercise, a good diet, not smoking and having a recommended body fat percentage.
The study found that 78 percent of adults did not smoke, 38 percent ate a good diet, 10 percent had a healthy body fat percentage, and 46 percent exercised regularly. However, less than 3 percent of adults achieved all four measures.
These measures are important because they reflect a lower risk for heart disease, cancer and Type 2 diabetes. This study indicates that Americans still have a way to go in adopting a healthy lifestyle.
TSG Financial LLC is a Financial Services company located in Garden City, NY. Securities offered through Securities America, Inc. Member FINRA (www.finra.org)/SIPC (www.sipc.org). Advisory services offered through Securities America Advisors, Inc. TSG Financial and Securities America are separate entities. Securities licensed in: AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, LA, MD, MA, NJ, NY, NC, OH, OR, PA, SC, TX, UT, VA, DC . The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience.
