The Legacy Lab

Welcome to the Legacy Lab. This is your one stop destination for insights and strategies to build a lasting legacy. Whether it's managing health benefits, growing your retirement nest egg, or safeguarding your business with innovative risk solutions, we're here to empower you to thrive today and secure tomorrow. Be sure to subscribe and catch our new episodes every other week as we talk about what matters most for your health, wealth, and peace of mind.

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Episodes 29

Episode 29 - What Happens to Your Retirement Plan When You Sell Your Business?
1mo ago · 14:09
In Episode 29 of The Legacy Lab, we delve into a crucial topic for business owners: what happens to your retirement plan when you sell your business. Join me, Ashley, alongside my co-host Megan, as we explore the implications of both stock and asset sales on your retirement savings. Learn about the responsibilities that transfer with the sale and the critical decisions you need to make regarding vesting, rollovers, and tax implications. We emphasize the importance of understanding your options and ensuring clear communication with your employees during this transition. Whether you're planning
Episode 28 - What Happens If I Live Too Long?
1mo ago · 15:10
In this episode of The Legacy Lab, I delve into a pressing yet often overlooked topic: what happens if you live too long? While many of us focus on planning for an early death, the risk of outliving our savings—known as longevity risk—can be equally daunting. Join me as I explore the realities of extended life expectancy, the financial implications of relying solely on Social Security, and the potential healthcare costs that could arise. I will provide actionable strategies to mitigate these risks, from delaying Social Security benefits to considering annuities and long-term care insurance. To
Ep. 27 - Ten Years of Giving Back: The Story Behind the RMC Open
2mo ago · 33:08
Ten years ago, a broken-down car and a rainstorm led our CEO to the offices of Cancer Alliance Network — and changed everything. In this episode of The Legacy Lab, Ashley and Megan share the story behind the RMC Open, hear from representatives of both benefitting charities, and share everything you need to know about the 10th Annual tournament on August 15 at Lely Resort in Naples. Whether you want to golf, sponsor, or simply cheer us on, this one is for you. For more information or to register: https://rmcgp.com/rmc-open Cancer Alliance Network: https://canceralliancenetwork.org/about/ Kids'
When Disaster Strikes: Business Interruption Insurance and What Gets Left Out
4mo ago · 14:43
In this episode of The Legacy Lab, I delve into a topic that every business owner should consider: business interruption insurance. Disasters—whether a fire, flood, or pandemic—can halt operations and threaten your livelihood. I'll explore what this insurance covers, the gaps that often catch owners off guard, and why knowing the fine print in your policy is crucial before disaster strikes. We’ll discuss real-life scenarios, including the impact of COVID-19 on claims and the complexities of coverage limits and indemnity periods. The information provided in this podcast is for informational pur
Roth vs. Traditional at Every Age: Helping Employees Make Smarter Choices
4mo ago · 12:46
In this episode of The Legacy Lab, Ashley and Megan break down one of the most common retirement planning questions — Roth or Traditional? — by career stage. From younger employees who benefit most from tax-free growth, to peak earners who get more value from upfront deductions, to those nearing retirement navigating SECURE 2.0 catch-up rules, they walk through the full picture. The information provided in this podcast is for informational purposes only and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your
What the Savannah Bananas Can Teach Us About Captive Insurancr
5mo ago · 10:47
In this episode of The Legacy Lab, Megan and Ashley draw an unexpected parallel between the Savannah Bananas' reinvention of baseball and the way forward-thinking businesses are rethinking their insurance strategy. They break down what captive insurance actually is, how it differs from traditional commercial coverage, and why companies with strong safety cultures and predictable loss histories are turning to captives to control costs, customize coverage, and retain underwriting profits. If rising premiums and shrinking capacity are putting pressure on your business, this episode offers a new w
Beyond a Slip
6mo ago · 6:27
In this episode of The Legacy Lab, Megan and Ashley go beyond the typical “slip-and-fall” scenario to unpack what liability risk really means for businesses. They explore the most common areas of exposure—including premises liability, operational risk, products and completed operations, and contractual obligations—while breaking down the true financial and reputational costs of claims. The conversation also highlights how a strategically structured commercial general liability insurance program helps close coverage gaps and protects businesses as they grow. The information provided in this pod
The 2025 Retirement Plan Rescue: How SECURE 2.0 Gives Business Owners a Second Chance
6mo ago · 8:24
Most business owners think once the calendar turns, their tax-advantaged retirement planning opportunities are gone, but SECURE 2.0 changed the game. In this episode, Megan and Ashley sit down with retirement plan expert Tamara Middleton to unpack how employers can still start retirement plans for the 2025 tax year, qualify for powerful tax credits, and get ahead of major changes coming in 2026. If you’re an advisor or business owner looking for smarter ways to save for retirement, while reducing current taxes, attract employees, and avoid compliance surprises, this episode is your retirement
Over-Insured or Under-Protected? The Hidden Gaps in Business Insurance
7mo ago · 9:04
When it comes to insurance, more coverage doesn’t always mean better protection. In this episode of The Legacy Lab, the team walks through the most common insurance blind spots facing business owners today—from paying for outdated assets to missing critical protections like flood, cyber, or business interruption coverage. Through real-world examples and a practical risk checkup, we share how regular policy reviews can help businesses avoid surprises, reduce unnecessary costs, and stay properly protected as they grow. The information provided in this podcast is for informational purposes only a
Insurance Questions, Answered: Business & Personal P&C Explained
7mo ago · 9:16
In this Q&A-style episode of The Legacy Lab, Megan Davis and Ashley Simpson answer the most common Property & Casualty insurance questions for both business owners and individuals. From reviewing coverage and avoiding costly gaps to understanding replacement cost, cyber insurance, and umbrella policies, this episode breaks down what you need to know to protect what matters—without overpaying. The information provided in this podcast is for informational purposes only and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals r
The 5-Minute Risk Checkup Every Business Needs
8mo ago · 9:04
Are you over-insured, under-protected, or both? In this episode of The Legacy Lab, Megan, Ashley, and Tom break down common insurance gaps, why outdated policies cost business owners money, and share a quick “5-Minute Risk Checkup” to spot red flags fast. Plus, hear real examples of how a simple policy review can save thousands and strengthen your protection. The information provided in this podcast is for informational purposes only and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your specific needs and c
Open Enrollment 101: Make the Most of Your Benefits This Year
9mo ago · 8:58
It’s open enrollment season — and whether you love comparing insurance plans or dread it every year, this episode is for you. Megan and Ashley break down the essentials in simple, stress-free language so you can confidently choose the benefits that fit your life and budget. The information provided in this podcast is for informational purposes only and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your specific needs and circumstances.
Retirement Planning with Increased Longevity
10mo ago · 15:58
People are living longer than ever, which means your retirement plan needs to go the distance. In this episode of The Legacy Lab, Megan and Ashley talk with RMC Group’s Tamara Middleton about how to plan for a 30–40 year retirement. They discuss saving strategies, income diversification, and preparing for healthcare and lifestyle costs so your money—and your life—last longer. The information provided in this podcast is for informational purposes only and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your spe
Retention Isn’t Free – The ROI of Vision, Dental & Ancillary Benefits
10mo ago · 12:25
In this episode of The Legacy Lab, we tackle a crucial topic for employers: retention and the often-overlooked role of ancillary benefits in driving it. Joining me is Sue Nelson, VP of Health and Benefits at RMC Group, who shares insights on how investing in vision, dental, and supplemental coverages can lead to significant long-term savings and improved employee satisfaction. We discuss the hidden costs of turnover and how these benefits not only enhance workplace attractiveness but also contribute to better productivity and morale. Discover practical strategies to tailor your benefits offeri
Cyber Insurance and Why It Matters
11mo ago · 9:43
Cyberattacks aren’t just an IT problem—they’re a business risk. In this episode of The Legacy Lab, Megan and Ashley sit down with Mark Elwell, VP of Risk at RMC Group, to unpack why cyber insurance is essential for businesses of all sizes. From ransomware to regulatory fines, discover what’s covered, how policies work, and the steps you can take today to protect your company. Disclosure: The information provided in this podcast is for informational purposes only and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals regard
Captive Insurance - Taking Control of Your Risk Strategy
11mo ago · 13:30
In this episode of The Legacy Lab, we dive into the transformative world of captive insurance and how it can revolutionize your approach to risk management. I'm joined by Tom Bachrach from RMC Group, who shares his expertise on creating customized insurance solutions tailored to your business's unique needs. We discuss the benefits of captive insurance, including cost control, tailored coverage, and long-term stability—moving away from the traditional one-size-fits-all policies. If you're a business owner frustrated by fluctuating premiums or coverage gaps, this episode is packed with insights
Health Insurance Myths That Are Costing You Money
12mo ago · 9:04
Too many businesses renew their health insurance without truly understanding what they’re paying for—and it’s costing them. In this episode, we break down the most common health insurance myths, from “the cheapest premium is the best plan” to “we’re too small to negotiate better options.” You’ll learn the right questions to ask your broker before renewal, strategies to save money while improving coverage, and how to turn your health plan into a tool for retention—not just an expense. The information provided in this podcast is for informational purposes only and does not constitute legal, fina
SECURE 2.0 in Action – Implementation Tips & Year-End Strategies
1y ago · 12:44
In Part 2 of our SECURE 2.0 series, Megan and Ashley are back with Tamara from RMC Group to dig into what implementation really looks like for businesses. From updating plan documents to navigating payroll coordination and employee communication, Tamara shares practical tips to help business owners and HR professionals successfully adapt to SECURE 2.0 changes. This episode also outlines key year-end strategies to make the most of 2025 tax credits and plan enhancements—whether you're starting a new retirement plan or improving an existing one. Resources: https://rmcgp.com/tax-credit-calculator
SECURE 2.0 in Action – What’s Already in Effect & What’s Coming in 2025
1y ago · 15:43
In this episode of The Legacy Lab, we dive deep into the transformative changes brought by the SECURE 2.0 Act, focusing on what business owners need to know now and in 2025. Join me as I welcome Tamara Middleton, our VP of Pensions, who breaks down the new auto-enrollment requirements and the innovative retirement plan options available to enhance your business. We’ll discuss essential tax incentives for establishing 401(k) plans, the implications of student loan matching, and the importance of maintaining compliance while maximizing benefits. Stay tuned as we prepare for upcoming changes and
Stormproof: Protecting Your Business and Home from Hurricanes and Wildfires
1y ago · 17:21
Disaster doesn’t wait—are you ready? In this episode of The Legacy Lab, we break down essential hurricane and wildfire preparedness tips for homeowners and business owners. With insights from RMC Group’s risk management guides, you’ll learn how to secure your property, protect your people, and recover faster after disaster strikes. From evacuation planning to insurance reviews and defensible spaces, this episode arms you with the tools to weather the storm. Download your free checklists at https://rmcgp.com/hurricane-and-wildfire-guide-for-homeowners and start preparing today. FEMA: https://ww
DB vs. DC – Understanding the Two Paths to Retirement
1y ago · 17:08
Defined Benefit vs. Defined Contribution—what’s the difference, and why does it matter? In this episode, we break down the key features of each plan, who takes on the investment risk, and what that means for employers and employees. Whether you’re planning your own retirement or helping others do the same, this quick guide will help you navigate your options with confidence. The information provided in this podcast is for informational purposes only and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your spec
Workers' Comp 101: How to Protect Your People and Your Bottom Line
1y ago · 17:12
Understanding workers’ compensation doesn’t have to be complicated—or costly. In this episode, we sit down with Tom Bacharach to break down the basics of workers’ comp in clear, practical terms. Whether you're a business owner, HR professional, or advisor, you'll learn what workers' comp actually covers, who needs it (spoiler: probably you), and five proven ways to reduce claims and cut costs without compromising employee safety. You’ll walk away with a better understanding of how to: - Avoid common (and expensive) misconceptions - Stay compliant with state laws - Build a workplace culture tha
Whose Car Is It Anyway? Understanding Hired & Non-Owned Auto Coverage
1y ago · 11:12
You don’t need to own company vehicles to be at risk. In this episode of The Legacy Lab, we break down what hired and non-owned auto insurance is, why it’s critical for business owners, and how one overlooked policy could protect your company from costly liability. Featuring insights from RMC Group’s Tom Bacharach and Michael Rindenau, this is a must-listen for any business that sends employees on the road—even in their own cars. ⁠Get a free review: https://meetings.hubspot.com/tbacharach The information provided in this podcast is for informational purposes only and does not constitute legal,
Are You Protected? The Power of a Risk Review
1y ago · 13:28
Most business owners don’t realize they have gaps in their coverage—until it’s too late. This episode explains what a Risk Review is, how it works, and why it’s essential for protecting your business. From insurance coverage to employee benefits, we break down the simple steps to uncover hidden risks, reduce costs, and gain peace of mind. Whether you're confident in your current setup or unsure where to start, this conversation will help you take control of your risk strategy. 👉 Learn more or schedule your own review here: https://meetings.hubspot.com/melwell1 https://meetings.hubspot.com/tba
Prescription Drugs are Skyrocketing: How Employers Can Take Back Control
1y ago · 23:58
Prescription drug costs are on the rise—and employers are feeling the impact. In this episode, we break down what’s driving these skyrocketing expenses, from blockbuster drugs like Ozempic and Wegovy to the hidden role of pharmacy benefit managers (PBMs). Learn why premiums are spiking, how drug pricing works in the U.S., and most importantly—what business owners can do to take back control. Whether it’s exploring pharmacy carve-outs, self-funded plans, or educating employees on smarter prescription choices, we’ve got actionable strategies to protect your bottom line. Get in contact with RMC: