Fleishel Financial News
According to the Department of Labor, there were 27.0 million “foreign-born” persons in the US labor force in 2016, comprising 16.9% of the American workforce. The percentage of “foreign-born” workers was 13.3% in 2000.
A 401(k) is a retirement savings plan sponsored by an employer that lets workers save and invest a portion of their paycheck before taxes are taken out. 401(k) plans emerged in the 1980’s as a supplement to pensions. Pensions known as defined benefit plans became more and more expensive for large corporations as the aging demographics required more workers and fund performance to guarantee pension income for retired workers. But as the cost of running pensions escalated, employers started replacing them with 401(k) plans, a type of defined contribution plan.
I find it fascinating that our most successful and fulfilled clients are those that are the most charitably involved in all kinds of organizations helping others. As we all know, we’ll leave it all behind, why not benefit others in need while we’re living and beyond the grave. As Christ instructed in the New Testament, “To whom much has been given, much is required”. Whether its youth programs like the Boys & Girls Clubs, Boy Scouts, Kids on the Run, Rotary clubs, Teen Mentoring programs, YMCA, Habitat for Humanity, Good Samaritan Clinic, Historical Societies, Arts Organizations, Missions and Job Creation organizations, the list is endless.
Our grandson Calvin spent some fun days with us recently while our daughter and son-in-law took a needed break on a cruise for their anniversary. It's hard to explain the pride, joy and sense of wonder in seeing the legacy of your family continue through the next generations. We all hope and pray they live lives of honor, integrity and make significant contributions to make a difference in the really short lives we have here on earth.
Fleishel Financial Associates is an Independent Registered Investment Advisor.
Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. and Fleishel Financial Associates, Inc. Fleishel Financial Associates, Inc. is not a registered broker/dealer and is independent of Raymond James Financial Services. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® and CFP® in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.