Congress recently passed new legislation to expand the Secure Act of 2019. The recent provisions are referred to as the Secure Act 2.0. Many of these provisions are effective as of this year, while some will not become effective until 2024 or even years later. The recent change includes tax incentives to encourage more employers
Impact of SECURE 2.0 on Retirement Savings
As you may know, Congress passed SECURE 2.0 as part of the fiscal 2023 spending package. This bipartisan retirement security legislation could present opportunities for your retirement savings strategy and incentivize you to save for retirement. The new law includes a number of provisions intended to benefit individuals as well as small business owners. We
When is Enough Really Enough? 5 Strategies to Create a Transition Plan
Sharon Olson was recently featured on the podcast, Poised for Exit, hosted by Julie Keyes. The podcast features business owners and professionals who discuss topics, experiences, and lessons relevant to small businesses with actional steps. During her episode, Sharon talks about how she got her start as an entrepreneur at the ripe old age of 9 years old, when
While some teens excitedly await getting their first job, others dread it, as the minimum wage they earn does not stretch very far considering the amount of time they put in. While it’s difficult to make enough at a first job to pay for daily expenses, let alone contributions toward college or retirement, there is
LPL Outlook 2023: Finding Balance
Read the 2023 Outlook Here
Family Business Owners: How to Prepare the Next Generation to Take Over the Family Business
The sale or transition of a business to new ownership is a complicated and fraught experience in any situation. Throw in the family dynamics of family-owned businesses, and things can get really complicated. At Olson Wealth Group, we work with many family businesses who are approaching a transition, and we believe from experience that taking
Minneapolis/St. Paul Business Journal: Think you don’t need a trust? Five reasons you may be wrong
Trusts can help families gain greater financial clarity, protection, and privacy while supporting and complementing tax planning and charitable giving strategies. Sharon Olson explores with readers five reasons creating a trust could be a smart move for you and your family in her recent article in the Minneapolis/St. Paul Business Journal. When many people hear the term
How a Family Office Can Uncover Goals With a Family Meeting
In this Forbes article, Olson Wealth Group President Sharon Olson, CFP®, CEPA shares her perspective on how a formal family meeting can provide a cohesive opportunity for family to discuss their goals and continue to promote family unity, harmony, and happiness among future generations. Over time, family offices have evolved from something more than money management, into something much
Wall Street Journal: 20 Ideas for Adjusting Your Stock and Bond Portfolio
Olson Wealth Group founder, Sharon Olson, CFP®, CEPA, shares her perspective in The Experts section of The Wall Street Journalregarding 20 Ideas for Adjusting Your Stock and Bond Portfolioon how to manage your portfolio in these volatile markets. #wealthmanagement #olsonwealthgroup By Cristina Lourosa-Ricardo Updated Aug. 7, 2022 6:00 am ET Is it time to rethink the percentage of stocks you hold in
Why Women Need To Plan for Retirement Differently Than Men
The burden of saving for retirement in the U.S is heavy for most people, but it’s generally more cumbersome for women, who, thanks to a number of factors, have a greater likelihood of running out of money in their golden years. For starters, women, on average, live longer than men. Surely it’s no guarantee, but women need