Business owners understand the benefits of providing their valued employees with a quality 401(k) benefits plan. Statistics have shown that retirement plan benefits aid in recruiting, retaining and rewarding high quality employees. However, some business owners have come across misinformation which keeps them from offering a retirement plan to their employees or updating their current plan. We’re here to set the record straight. MYTH #1: My 401(k) Provider is liable if something goes wrong. The fiduciaries – not the provider – are legally responsible for the plan and keeping everything on track. In some cases, the company’s Human Resources Director, Benefits Manager, Chief FInancial Officer, Controller or Owner take on this responsibility. Third parties can also act as fiduciaries to your plan. At RWA Advisors, our financial professionals work as your fiduciary to reduce your risk, optimize the plan based on your employee make-up, advise you about your investment options, help you make informed decisions and keep the pla in compliance. Myth #2: If we have a 401(k) plan, we must match contributions. While employee adoption of 401(k)s tends to  increase when employers offer contribution matches, there is no mandate which forces the business owner to provide a match. If you’re not interested in offering a match at this time, you can still implement a quality plan and let employees make the contributions without a match. Myth #3: Retirement plans are basically all the same. There are more quality plan options available today for small to medium-sized business. There are also substantial differences between 401(k) providers and the level of service you receive. Since there is such a variety among providers and their offerings, evaluating your best options with a trusted adviser is a good use of your time. We work with our clients to help them understand their options, what is included and their costs without hidden fees. In fact, many of our new clients gain substantial savings when they update their plan with us. Myth #4: Our small business can’t afford the fees. There are affordable and flat-fee plans designed specifically for small businesses. Regardless of your company’s number of employees or size of your budget, we are confident we can find quality plan options for you. Myth #5: We don’t have the staff to manage the plan. Cut down on the time you are required to spend managing your plan by outsourcing the most of the stressful plan management responsibilities to a trusted financial advisor. By taking on some of the fiduciary responsibilities and automating most of the process, RWA Advisors are able to alleviate the most stressful and burdensome tasks for our clients. Have you encountered a 401(k) myth we haven’t covered or have a question about your own company’s 401(k) plan? We want to hear from you. Email or call us today at 561-288-1111.  
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Matching Your Risk and Return: A Personalized Approach for Maximizing Your Financial Success
At Rubin Wealth Advisors, we believe that understanding your risk tolerance is the key to maximizing your financial potential. Traditional methods of categorizing risk with vague labels like conservative, moderate, or aggressive often lead to confusion. These terms can mean entirely different things to different people, which creates misalignment between your expectations and your investment strategy. That’s where problems can arise—and where opportunities can be missed.
 
We take a different approach. By using a precise, quantitative system to determine your Risk Number, we help you make informed decisions that directly benefit you. Your Risk Number is more than just a score; it’s a powerful tool that helps guide your financial strategy. If your Risk Number is 64, for example, both you and our team will know exactly what level of risk that involves and how it relates to potential returns. The guesswork is gone, replaced by clarity and confidence.
 
Here’s where it really benefits you: Understanding your Risk Number not only ensures that your portfolio is aligned with your comfort zone, but it also increases your chances of achieving a higher risk-adjusted rate of return over time. By matching your investments to your specific risk profile, you’re better positioned to optimize returns without taking on unnecessary risk—especially over a 3-5 year period, where market fluctuations can test even the most seasoned investor.
 
The process is simple and designed to serve your best interests. In just a few minutes, we’ll walk through a short conversation to determine your Risk Number. From there, we’ll craft an investment portfolio tailored specifically to you, ensuring that the level of risk is appropriate for your goals. This isn’t about avoiding risk entirely; it’s about taking on the right amount of risk so you can achieve the returns you need while remaining confident in your strategy.
 
By aligning your portfolio with your Risk Number, you gain the peace of mind to handle market volatility. You’ll know exactly how much downside risk is possible and what kind of upside you can expect. For example, a portfolio with a Risk Number of 64 might have a potential downside of -10% over six months but offers a possible 15% gain. This range helps you stay calm during downturns because you’ve already accounted for them, and it positions you to benefit when the market performs well.
 
We also stress-test your portfolio in various market conditions—such as economic downturns or inflation spikes—to ensure you’re always prepared. This proactive approach ensures your investments stay aligned with your risk tolerance, giving you the best chance for success regardless of what happens in the markets.
 
How does this benefit you? Managing risk properly allows you to maximize returns without exposing yourself to more risk than necessary. Over time, this careful balance increases the likelihood that you’ll achieve your financial goals—whether that’s building wealth, preparing for retirement, or preserving your assets.
 
At Rubin Wealth Advisors, a Boca Raton financial advisor, we’re committed to helping you achieve higher risk-adjusted returns. As a licensed fiduciary, we specialize in guiding clients through personalized wealth management strategies, ensuring your investments align with your long-term goals. Let’s work together to discover your Risk Number and build a strategy that sets you up for success over the next 3-5 years and beyond. Contact us today to get started.