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Financial Planning Services

The member support team at NJECA is excited to announce our new partnership with Bridge Financial Group to provide a variety of financial planning, retirement, estate planning, business growth and employee benefit programs to electrical contracting businesses in New Jersey.

Contact the team today for a free consultation!

Bridge Financial Group, LLC

80 Scenic Drive, Suite 7

Freehold, NJ 07728

Phone: (732) 851-6680

Cell: (917)846-8722

Fax: (732)719-4869

E-mail: Bill@BridgeFinancialGroupLLC.com

If you are a business owner, you have the added responsibility of your business to worry about on top of your family. The following information can help you start thinking about possible solutions to your needs and help you prepare to consult with me.

Life Insurance for Risk Management

As a business owner, you live with risk. That's the nature of business. You take on risk when you borrow money to expand, launch a new product or service, hire a new employee, extend credit to a customer. There are dozens of risks in business...and few guarantees. Successful business owners, therefore, work to minimize risk, so they can focus on meeting their objectives.

Life insurance is a risk management tool. For instance, if your company invested in new facilities or new vehicles, you would insure their value against the danger of theft, fire and accident. In the same way, life insurance can help protect the value of key employees to your business, reduce the risk that a loan might default if something happened to you, and, most of all, reduce the risk that your business and your family would suffer financially if you did not live to see your long-term plans completed.

Retirement/Estate Planning

One of the nice perks of being self-employed or a business owner is that you don't HAVE to retire. You're a doer. You like to make decisions and see results. But maybe someday -- perhaps when you're 65, 75 or older - you just might WANT the option to trade the fun and frustration of work for golf, gardening, vacationing with the grandkids or sitting back and relaxing with family and friends. Just as important, you also want to have all your ducks in a row, so to speak, when it comes to making sure your loved ones are well provided for in the future.

Neither of these goals just happens. They are the result of decisions you make today. That means retirement planning and estate planning – mapping out a strategy to create options for you and for your family. Fortunately, there are more retirement and estate planning choices available today than ever before for business owners and those self-employed. As a New York Life agent, I am here to help you begin the process of planning. As the old saying goes: Those who fail to plan...fail.

Helping Your Business Grow

Don’t have a Harvard MBA? You're not alone. Most successful entrepreneurs started out with what seemed like a good idea and ended up running a business of their own.

How can you learn to manage the business side of business? Read, study, ask lots of questions, and seek out sound advice from your tax, legal and financial advisors. You can also turn to me to discuss how the insurance and financial products that New York Life offers can help you support your business growth plan.

Business Continuation Planning

As a business owner, you are the lifeblood of your organization, the driving force behind its success. Have you considered what will happen to your business when you are ready to retire? Do you have children or other family members ready to continue the family business? Or is there another successor in line who will be able to pick up the reins? Most of all, if you died prematurely or became disabled, will the business you worked so hard to build be able to continue...and will your family be financially provided for? Tough questions, yes, but ones you need to ask.

Employee Benefits

Finding quality employees is half the challenge. Keeping them – and keeping them well motivated – is the other half, especially in today's tight labor market. One way to do that is to provide competitive benefits. I know, when many small business owners hear the words "employee benefits," they immediately think, "one more expense I can't afford!"

If this sounds like you, you might want to think again. Two reasons: (1) Carefully selected benefits can help reduce costly employee turnover, boost morale and, in turn, help assure your company's stability and productivity. (2) Benefits need not cost you an arm and a leg. For example, a voluntary payroll deduction program lets workers – including you as an owner-employee – acquire valuable benefits at virtually no cost to you.

Family Protection

We help you identify financial strategies and retirement income plans that can help you accumulate assets for the future, shield your business and personal assets from liabilities, and safeguard asset transfer to children and grandchildren.

Retirement Planning

At Bridge Financial Group, we design and implement a variety of accumulation and retirement income plans and offering insurance products. We offer a consistent process to ensure management of investment assets according to your risk tolerances and expected returns investment goals. We then monitor your plan on a continual basis, and adjust and evolve as your needs change.

Business Succession and Exit Planning

Succession planning allows owners to leave their business on their own time frame while preparing their company to be transferred to another party. This must be done in a way that achieves personal financial security, maintains harmony, and achieves maximum value for the business.

Executive Benefits

The success of most businesses is tied into the talent, passion and work ethics of their key executives. Executive benefit packages can help you attract, motivate, and retain high-caliber employees and keep your company healthy and stable. At Bridge Financial Group, we can suggest a variety of benefit packages to meet your needs and objectives.

Estate and Legacy Planning

Through collaboration with you and your other advisors, we can assess the impact of state and federal taxes on your estate and suggest strategies designed to minimize those taxes, while meeting your personal philosophies and family needs.

Philanthropy

Charitable planning allows you to support the organizations and causes that matter to you, while providing immediate income streams and reducing your tax burden. Numerous charitable giving strategies exist, and we can help you design and execute a charitable giving plan that is in alignment with your personal and philanthropic goals.

OSHA Hazard Communication & Safety Data Sheet Binder Now Available!

East Coast Safety Online Institute

NJECA Is Proud to announce the opening of the

East Coast Safety Online Institute!

Take Courses Today at www.eastcoastsafetyed.org

 

ATTENTION ELECTRICIANS!! INSTALLING GENERATORS?

Did you know that you can no longer install the gas piping required for a generator installation under the new state rule? You must now hire a HVARC contractor or plumber to perform this portion of the installation!

A new rule has been issued that requires that gas piping for generator installations be completed by a HVARC contractor or plumber.  The electrical contractor is NO LONGER allowed to perform this work!  Sign the petition to change this rule to allow electrical contractors to continue installing the gas piping for generators along with the rest of the installation!

  Click here to view/sign the petition to repeal this new rule!

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