In 2012, McLaren Health Care froze its pension plan. Since then all employees had access to a 403(b) retirement savings plan but the pension plan remained frozen. Last year, McLaren made the decision to terminate the pension plan. The termination of the pension plan is unfolding now.
In this article, we talk about the portfolio change we recently made. We also give our views on the news of the Silicon Valley Bank bank failure and, subsequently, the failure of Signature Bank.
General Motors has announced they will be offering voluntary buyouts to a “majority” of its U.S. salaried employees. The buyout offer is part of GM’s effort to reach a total of $2 billion in structural cost savings over the next two years. Of which, they expect 30%-50% of that cost savings to occur in 2023
Stellantis, formally Chrysler, employees will be eligible to receive annual profit-sharing. As a result, approximately 40,500 U.S. hourly workers will receive up to $14,760 in profit sharing.
Ford Motor Company employees will be eligible to receive their annual profit-sharing check on March 10th. Approximately 56,000 U.S. hourly workers will receive up to $9,176 in profit sharing.
It's that time of year again when most General Motors employees will be eligible to receive their annual profit-sharing check on February 24th. Here's what you should know!
As financial advisors, one area that we are well versed in is protecting our clients from financial fraud. Although everyone is susceptible to falling victim to fraud, seniors tend to be the group that is targeted most frequently. Therefore, in observance of World Elder Abuse Awareness Day on June 15th, we will focus on one area of elder abuse: financial exploitation.
Socially responsible investing (SRI) is a general term used to describe various subsets of investing that attempt to align your portfolio with your values. There are two categories that tend to be the most popular: ESG (Environmental, Social, and Governance), and BRI (Biblically Responsible Investing).