Financial Focus Archive

If you’re a local business owner, a workplace retirement plan can be a powerful tool – helping you manage taxes, strengthen employee retention and build personal financial security.

Many in your situation, however, assume retirement plans are complicated or only suitable for large companies. The reality is quite different. Today’s retirement plan options encompass businesses of every size, from solo entrepreneurs to companies with dozens of employees.

The key is understanding which plans work best for different kinds of businesses:

Everyone needs an emergency fund. Financial experts recommend it, and we’ve all experienced surprise expenses: a costly car repair, a broken water heater or unexpected medical bills. Despite our best intentions, building a financial cushion can feel impossible. After rent or mortgage, groceries, utilities and everyday expenses, it seems there’s nothing left to save.

If this sounds familiar, you’re not alone. Many Americans struggle to maintain emergency savings. But building those savings doesn’t necessarily require massive lifestyle changes or windfalls. With a strategic approach and realistic milestones, you can create the financial safety net you need.

When you think about investing, you probably want your money to grow. But maybe you also want it to make a positive difference in the world while you continue pursuing your financial goals. That’s the foundation of sustainable investing — an approach that considers environmental, social and governance (ESG) factors alongside traditional financial analysis.

Sustainable investing allows you to support better business practices through your investment choices. It looks at how companies address issues ranging from climate change to worker well-being to corporate ethics. At its core, it’s about aligning investments with personal values while still focusing on long-term financial outcomes.

While older generations worry about having enough money for retirement, many Gen Z workers aren’t even starting to save. Research in 2025 by Edward Jones and Morning Consult shows that nearly half haven’t begun setting money aside for their golden years, and only 22% are contributing to a workplace retirement plan.

The culprit is a perfect storm of financial pressures that can make saving for the future feel impossible.

Good financial habits are a little like brushing your teeth. When you learn them early, they become second nature, and you carry them with you for life. And while money can feel complicated, especially today, the foundation starts simply.

Parents can begin the conversation with very young children, and young adults can build on those basics as they take on more responsibility. Step by step, these habits create confidence that helps build long‑term financial security and a more fulfilling life.

You may have heard that buying a home is better than renting. After all, why “throw money away” on rent when you could be building wealth through homeownership? Financial professionals say the decision isn’t that simple.

Rising prices may not dominate headlines the way they did a year or two ago, but if you’re retired, you’re probably still feeling them. Even when overall inflation cools, the costliest expenses — like health care, utilities, insurance and property taxes — tend to rise faster than broad inflation numbers suggest. That creates a squeeze that can make you question whether your income plan is built to last.

If you’re dealing with debt, you’re far from alone. More than 80% of U.S. households carry some form of debt (2025 Federal Reserve report), and since 2019, total household debt for Americans has increased more than 31%, to $18.59 trillion.

When you open a retirement account or buy a life insurance policy, you’re asked to name a beneficiary. It might seem like just another form to fill out, but this simple step can affect your family’s future.

Your 401(k) is one of the most powerful tools for securing your financial future. The question is: Are you using it to its full potential?