Future-proofing your Small Business Finance
Future-proofing your Small Business Finance: Illinois Secure Choice and Considerations for Long-term Planning
Tuesday, July 25 at 12PM CT
Vincent Silva, Partner, WestPoint Financial Group
Rayna Grady, Financial Services Professional, WestPoint Financial Group
Chris Youngmark, Assistant Director, Illinois Small Business Development Center, Turner Center for Entrepreneurship, Foster College of Business, Bradley University
Small businesses should consider plans for long-term financial stability by setting up protections for employees and their families. State law now requires every Illinois employer with five or more employees to offer their own retirement program or facilitate Secure Choice. Illinois Secure Choice is a state-facilitated retirement program that makes it easy to save for retirement. Since it launched in 2018, the program has brought retirement savings access to workers in every county across Illinois. This program is available to anyone who wants to enroll on their own. Employers who miss deadlines may be subject to enforcement, including financial penalties. Join us to learn more about long term financial planning for small businesses and Illinois Secure Choice. Participants can expect to learn about this important program, as well as considerations for financial planning for small business success.
About the speakers:
Vincent Silva’s vision has always been to help clients by taking a holistic approach to financial planning. Before being with WestPoint Financial Group, Vince was a Managing Associate at Hoopis Group since 2015, rising to the position of Vice President in 2016, before starting Holistic Capital Management at the end of 2018. Vince holds the designation of Accredited Investment Fiduciary (AIF), member of the National Association of Insurance and Financial Advisors (NAIFA), the Association for Advanced Life Underwriters (AALU), and holds the following FINRA licenses: Series 6, Series 7, Series 63, and Series 65. He has a bachelor’s degree from Carthage College (‘09) with a double major in Finance & Business Administration, minoring in Economics.
Rayna Grady is a Financial Services Professional at WestPoint Financial Group. She is dedicated to educating clients to help them fulfill their financial goals. She offers relevant experience, personalized attention, and resources to support family-owned and individually owned small businesses. Along with knowledge and experience in financial services and operations, Rayna specializes in customer service, ethics, integrity, and aims to manage and assist, along with her WestPoint team, more than 200,000 clients through their network of financial professionals across Indiana, Illinois, Ohio, Wisconsin, West Virginia, and Kentucky.
Chris Youngmark is the Assistant Director of the Illinois Small Business Development Center, seated in the Turner Center for Entrepreneurship at Bradley University’s Foster College of Business. Prior to joining in 2022, Chris served the Illinois SBDC as the Rural Outreach Coordinator to support the E-Commerce Initiative for Restaurants and Retailers through the CARES ACT, creating e-commerce solutions and positioning businesses to have an effective online presence. He has advised clients on Covid-19 assistance programs such as PPP, EIDL, and Restaurant Revitalization, among other SBA initiatives. Previously, Chris has also been a Community Navigator, among a network of business advisers providing grant and technical assistance to 6 local counties as the SBDC served as a Hub/Spoke partner with the Greater Peoria Economic Development Corporation (GPEDC) to implement their State of Illinois Back to Business Grant. Chris received a Bachelor of Science in Industrial Technology from Illinois State University. He has years of experience as a project manager, entrepreneur, and small business owner, and also serves Tazewell County as a search and rescue team member and Deer Creek Fire Department volunteer firefighter and training officer.