Fourward Thinking: Your 401(k) Game Plan

By Nick Hemsted

Fourward Thinking is about breaking things down into four manageable steps. Each set of tips is designed to help you approach your 401(k) decisions with clarity.

1. Thinking of selling your business someday?
A well-run 401(k) plan shows stability, compliance, and care for employees. It’s one of the intangible assets that increases valuation. Don’t overlook it.

2. Business owners, your 401(k) is a powerful wealth-building tool.
You can contribute over $66,000/year (2024 limit) with the right design. Pair profit-sharing with a safe harbor match to maximize your own savings. Design with your goals in mind.

3. Your 401(k) plan should grow with your business.
What worked at 15 employees may not fit at 50. Review your plan every year as you scale. It’s a benefit, not a burden.

4. Being a great employer includes being a great plan sponsor.
It means doing the right thing—consistently, transparently, and with care. When you manage your plan well, everyone wins. Your legacy is in the details.

Planning doesn’t have to be about control.

It can be about freedom.

We work with people who want more intention - not more to-do lists.

Disclosures: The material presented by Nick Hemsted is for informational purposes only.  It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product.  Actual economic or market events may turn out differently than as presented.  Nick Hemsted is a Financial Advisor with Legacy Financial Group.  Advisory services are provided by Legacy Financial Group, a registered investment advisor with the Securities and Exchange Commission.  Materials posted to this site are from external sources and are provided for your convenience in locating related information and services. Legacy expressly disclaims any responsibility for and does not maintain, control, recommend, or endorse third-party sites, organizations, products, or services, and make no representation as to the completeness, suitability, or quality thereof.

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