Advance Your Wealth With Homer Smith

In this episode of Advance Your Wealth, Homer Smith sits down with financial expert Guy Ridout to discuss "The Costly Threats and Untapped Opportunities of Managing Your Company's 401k." Together, they explore the often-overlooked challenges and risks businesses face when managing 401k plans, including hidden fees, regulatory pitfalls, and fiduciary responsibilities. But it’s not all about the threats—Guy also shares valuable insights into the untapped opportunities that can benefit both employers and employees, from improving plan performance to boosting employee retention. Whether you're a business owner, executive, or plan administrator, this episode provides essential knowledge on how to protect your company's 401k from costly mistakes and maximize its potential for long-term success. Tune in to learn how proactive 401k management can be a powerful tool for your business and your employees' financial futures. Chapters: 0:00 - Introduction and overview on the topic of the day 2:59 - Identifying Threats in 401K Planning 5:48 - Compliance Challenges in 401K Plans 8:50 - Employee Perception and Engagement with 401K Plans 11:57 - Unlocking Opportunities 15:00 - The Role of Financial Advisors in 401K Management 17:50 - Real World Applications and Success Stories 21:05 - Closing remarks Connect with Homer Smith: Facebook [https://www.facebook.com/konvergentwealthpartners] LinkedIn [https://www.linkedin.com/in/homersmith4] Website [https://konvergentwealth.com/]

Today Homer breaks down the differences and benefits of Single Family and MultiFamily Offices. Both have their strengths and depending on your families circumstances, one may behoove you more than the other. No one family is the same. To figure out which category yours may fit in best, join us on today's episode of "Advance Your Wealth." Chapters: 0:00 - Introduction and overview on the topic of the day 1:55 - The Single Family Office 3:10 - The Multi-Family Office 7:00 - Key Differences 9:00 - Multi-Generational Planning 10:10 - Virtual Family Office 12:10 - Common Needs of Family Office Clients 13:00 - Benefits of Multi-Family Offices 14:00 - How to Connect with Homer Smith 14:35 - Closing remarks Connect with Homer Smith: Facebook [https://www.facebook.com/konvergentwealthpartners] LinkedIn [https://www.linkedin.com/in/homersmith4] Website [https://konvergentwealth.com/]

Today Homer examines the fundamental aspects that may make up your best financial life. The qualities you can develop in order to best live a life of significance and happiness. Easier said than done, that's clear. However, knowing where these aspects show up in your life will lead to better being able to act in accordance with your best life and the values that make it possible. This and more on today's episode of "Advance Your Wealth." Chapters: 0:00 - Introduction and overview on the topic of the day 3:22 - Success vs. Significance 4:20 - What's Your Number? Why? 5:10 - Significance Based on Generation 6:40 - The Millennial Generation 7:00 - Wealth Thresholds and Value Creep 8:50 - Transitioning Values 10:30 - Getting Clarity on Success 12:00 - Recognize Where You Are 14:20 - Discovery and Rediscovery to Significance 17:25 - How to Connect with Homer Smith 18:25 - Closing remarks Connect with Homer Smith: Facebook [https://www.facebook.com/konvergentwealthpartners] LinkedIn [https://www.linkedin.com/in/homersmith4] Website [https://konvergentwealth.com/]

Today we are joined by Melissa Smith, CEO and founder of Family Brand Podcast. Melissa works with parent's on how to transform their family cultures, create relationships that last, and intentionally grow their families together. How does the family correlate with business success? This and more on today's episode of "Advance Your Wealth." Chapters: 0:00 - Introduction and overview on the topic of the day 2:12 - What is a Family Brand? 3:30 - Family Doesn't Happen By Default. 5:50 - How Melissa Works With Family. 8:40 - The Idea of And. 13:15 - Family Brand Across Time. 15:10 - Melissa's Personal Examples In The Process 17:30 - Empty Nester's Experience with Family Branding 20:40 - How to Connect with Melissa Smith 21:45 - Closing remarks Connect with Homer Smith: Facebook [https://www.facebook.com/konvergentwealthpartners] LinkedIn [https://www.linkedin.com/in/homersmith4] Website [https://konvergentwealth.com/]

Today we are joined by Chad Jenkins, CEO and founder of SeedSpark. Seeking exponential growth is difficult for most entrepreneurs. Many times, business owners may get laser focused on the wrong areas which could lead to missing out on great opportunities. Chad and Homer break down ways to remove the film over your eyes and see opportunities clearly. This and more on today's episode of "Advance Your Wealth." Chapters: 0:00 - Introduction and overview on the topic of the day 2:10 - Collaboration vs. Competition 5:40 - Chad's Hero Target and Creating Value 9:20 - The Benefit of Outside Perspective 12:50 - Levels of Friction 17:15 - New Rate Plans Example and Innovation Solutions 20:00 - Leveraging The Market 25:30 - Common Components Business are Missing 34:10 - How to Connect with Chad Jenkins 35:15 - How to Connect with Homer Smith 35:30 - Closing remarks Connect with Homer Smith: Facebook [https://www.facebook.com/konvergentwealthpartners] LinkedIn [https://www.linkedin.com/in/homersmith4] Website [https://konvergentwealth.com/]