Hussmen Financial

Mid-year is a good time to review your financial strategy, especially if you’ve recently experienced a major life event. When income, family structure, taxes, or risk exposure change, your strategy should evolve too.

Here are a few life events that may signal it’s time for a review:

🔵 Career Changes or Income Shifts - Promotions, new roles, or job transitions can alter retirement strategy, benefits, and overall income stability.
🔵 Marriage or Partnership Changes - Combining finances with a spouse or long-term partner affects debt management, retirement strategy, and investing goals.
🔵 Divorce or Separation - Asset division, new housing costs, and changing household income may require adjustments to savings rates, investment risk levels, and long-term retirement timelines.
🔵 Birth or Adoption of a Child - Adding a dependent introduces new long-term expenses and planning considerations.
🔵 Inheritance or Windfall Events - Sudden liquidity can strengthen long-term planning if integrated thoughtfully.
🔵 Home Purchase or Relocation - Housing decisions influence overall liquidity and debt, and often require long-term planning to manage.

Life events often reshape financial reality faster than markets do. If you’d like to discuss how recent life changes may affect your strategy, feel free to reach out. We’re always here to help.

Here’s the scoop: It’s time to celebrate Father's Day!

We wanted to shout out all of the dads, grandfathers, and father figures who make our lives special. We hope that this Father’s Day is filled with quality time, well-deserved rest, and maybe even a couple of dad jokes.

Juneteenth commemorates June 19, 1865, when federal troops arrived in Galveston, Texas, two years after the Emancipation Proclamation, to enforce Abraham Lincoln’s order to end slavery in the rebelling state farthest west

It’s been observed as a day to honor this history and celebrate Black culture and resilience, and it officially became a federal holiday in 2021.

In observance of the holiday, our office will be closed on June 19th. We’ll be back on Monday, June 22nd. We hope you have a meaningful and joyful Juneteenth!

Mid-year 401(k) plan administration and communication check-ins aren’t just about improving the employee experience. This can also be a valuable time to revisit internal workflows to ensure management feels supported in communicating with their direct reports about 401(k) participation, features, and more.

Here are a few key ways internal processes can be revisited during a mid-year check-in:

🔷 Give guidance to leadership on 401(k) communication - Provide managers with simple talking points so they can reinforce benefit awareness during team check-ins or routine communications.
🔷 Revisit onboarding touchpoints - Take stock of how regularly new-hires are nudged about 401(k) plan participation and work together with management to create new opportunities to engage teammates.
🔷 Set clear internal engagement goals - Establish measurable objectives such as participation growth, contribution increases, or engagement benchmarks to track progress before year-end.

We hope you find these tips helpful. As always, if you have any questions about your 401(k) plan, don’t hesitate to reach out. We’re here to be a resource for you.