Group RSP and Group DPSP Every company's greatest asset is its employees. Whether you are a one-person consulting firm or a 1000+ national tech and computing software company, all employers wish to attract, retain and motivate the best in the industry, no matter the role. A motivated, loyal and...
Read PostAre ETFs Right for Your Portfolio?
You can now supplement your existing investment portfolios with ETFs. We are now offering Exchange Traded Funds (ETFs) to our clients at Elementus Wealth! What's an ETF? Similar to mutual funds, Exchange Trade Funds (ETFs) allow investors to buy a stock portfolio without buying each stock...
Read PostHow to Invest a Cash Lump Sum
Increasing our savings and making good investments helps us increase our wealth. While this is true, we also become wealthy from a sudden cash lump sum. This usually occurs 1 of 3 ways: 1) Selling a Business At some point, entrepreneurs sell their business (hopefully for a large amount)....
Read Post6 Overlooked Habits to Increase Your Wealth
Our job is to advise on the creation and maintenance of people’s wealth. As a result, we have spent countless hours studying high net worth (HNW) individuals. From our experience, we have found the wealthiest individuals to display 6 common habits. 1. They Make Money in Their Sleep As kids,...
Read PostPotential Gaps in your Long Term Disability (LTD) Group Benefits Plan
1. Length of Coverage: The key in designing a group benefits plan is to help you understand and allow access to the full amount of coverage that you need and pay for. Though long-term disability (LTD) is extremely valuable, the insurance may have constraints, such as, you may be able to claim LTD...
Read PostHow To Double Your Asset Holdings (Without Doubling Your Investment Capital)
Successful entrepreneurs eventually face the common dilemma of how best to maximize investment potential with company profits, while reducing tax. Cash that sits unused in the corporation isn’t working for you. Taking it personally out means outrageous taxes. In many cases, there is an...
Read PostTop 6 Tips To Manage Your Group Benefits Plan
Why Is It Important to Provide Group Benefits? Glassdoor did a survey which significantly (79%!) determined that employees prefer group benefits over a salary increase. The most valued insurance coverage, in this study, were comprehensive health benefits; health benefits include prescription...
Read PostWhy Great Employees Leave
We all know how costly employee turn-over is and how detrimental it can be to any business. So, how do we reduce the number of employees who leave? First, we have to understand why employees leave. A common phrase, heard by many managers, when an employee leaves is, “I just couldn’t turn...
Read PostJim Harbaugh’s Creative Compensation Agreement
University of Michigan and football coach, Jim Harbaugh, recently agreed to a very creative compensation agreement. It highlights yet another way you can use life insurance creatively as a tax-free form of compensation. In addition to paying him $5 million in salary, the University of Michigan...
Read PostWhy it Makes Sense to Consider an Executive Health Savings Plan …
We work with hundreds of business owners and in the last five years, we’ve received many phone calls letting us know that someone’s become ill; it’s not unusual to hear that it’s the business owner whose suffered a heart attack, stroke or cancer. If you look at your own...
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