LoVasco Financial Wellness Resources
Financial Wellness Resources
An Introduction to Your Plan
The video below is a quick introduction of your plan from your LoVasco Retirement Plan Advisor.
Frequently Asked Questions
It is a tax-advantaged retirement savings plan sponsored by your employer. It allows employees to save and invest a portion of their paycheck before (traditional) or after (Roth) taxes are taken out, which can help you save for retirement. Employers may also make contributions to your account, providing additional savings.
It is a tax-advantaged retirement savings plan sponsored by your employer. It allows employees to save and invest a portion of their paycheck before (traditional) or after (Roth) taxes are taken out, which can help you save for retirement. Employers may also make contributions to your account, providing additional savings.
Upon deferring a portion of your paycheck into an employer-sponsored retirement plan, the funds in your account can be invested based on the available options. If you do not make an investment election, a default selection will be made for you. Typically, this will be an asset allocation model that is dynamically risk-adjusted based on your age. This allows you to grow your retirement savings on a tax-deferred basis and choose the level of risk appropriate for you.
Tax-deferred investing allows you to invest and grow your money without paying taxes on the earnings or growth in the account until you withdraw them, typically during retirement.
Upon leaving your employer, multiple options become available to you. If your account balance is $7,000 or more, you can leave your assets in the plan, which will remain invested. Or, you can roll over your vested account balance to another retirement account (IRA, 401(k), 403(b), etc.).
You can contribute as little or as much as you like, as long as it does not exceed the IRS contribution limit of (as of 2025) $23,500 plus a $7,500 catch-up for those 50 and older. We generally recommend contributing 10% to 15% of your paycheck to your retirement savings plan. A higher contribution may be required if you are getting a later start on retirement savings.
For most plans, rollovers can be processed through your plan’s recordkeeping and administration provider over the phone or online.
How to take a distribution will depend on your recordkeeping and administration provider. For most plans, you can take a distribution by calling the recordkeeper for your plan; however, some recordkeepers allow you to do this online or in paper form. Lastly, when and how you can take a distribution is based on IRS laws but is also affected by your employer’s plan provisions.
You can change your contribution amount by logging into your online account, navigating to the contributions tab, and selecting your new contribution percentage. Once you complete this, payroll will be noticed, and it can be updated accordingly.
You can change your investment choices by logging into your online account, navigating to the investments tab, and editing your investment selections.
Attend a live training.
subscribe to our mailing list.
Stay up-to-date on the latest webinars and resources.
Browse previously recorded webinars & trainings by topic.
This session will discuss the current climate, illustrate how to prioritize education savings goals in your household, and discuss various savings/investment accounts to achieve your goals.
LoVasco welcomes estate planning attorneys Ryan McNeil and John Giarmarco from Giarmarco, Mullins & Horton, P.C. to discuss how to successfully incorporate estate planning into your personal financial plan.
This webinar focuses on investment basics, recent market movements, cryptocurrency, and provide a framework of how to invest to achieve your goals.
Schedule a no-cost-to-you meeting with a LoVasco advisor.
If you'd like to schedule a a private meeting with a LoVasco representative, please select an individual below.
Schedule 1-on-1 MeetingHere's what to expect:
Schedule a meeting.
Click on the button below and follow the prompts to find a time that is most convenient for you.
Prepare your questions.
We are prepared to talk about anything related to retirement or financial wellness.
Get unbiased advice.
We are hired by your employer but are not dictated by them. Our conversations are 100% confidential, as they would be with any advisor, and our guidance is neutral and straightforward.
Schedule a One-On-One Meeting
Michael Orsatti
Financial Wellness Advisor
Retirement Plan Consulting
As a Financial Wellness Advisor on the Retirement Team, Michael offers education and personalized financial advice to retirement plan participants. Upon graduating with a B.S. in Economics, Michael started his career in the banking industry before making a pivot into retirement and investments. Michael is passionate about helping individuals navigate the financial world, finding joy in guiding them through what can often be an intimidating process. His dedication lies in empowering people to achieve long term financial success.
In college Michael ran track and worked as a personal trainer, where he met his now wife, Grace. Outside of work Michael spends most of his time hiking, lifting, playing tennis, and chasing around his two year old girl, Kiara.
