The Legacy Lab

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 purposes only and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your specific needs and circumstances.

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 specific needs and circumstances.

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 way to think about risk. 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.

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 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.

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 plan toolkit. 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.

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 and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your specific needs and circumstances.

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 regarding your specific needs and circumstances.

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 circumstances.

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.

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 specific needs and circumstances.

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 offerings, maximize ROI, and ultimately secure your business's future. Tune in to learn how small investments can yield substantial returns in retention and organizational success.

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 regarding your specific needs and circumstances.

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 that could lead to a more strategic approach to managing your insurance. Join us as we explore how you might take control of your risk and rewards through innovative insurance strategies.

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, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your specific needs and circumstances. Meet with Jessie: https://meetings.hubspot.com/jessie-millhouse Blog: https://rmcgp.com/blog/5-health-insurance-myths-that-are-costing-your-business-money

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 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.

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 ensure your organization is ready to thrive in the evolving landscape of retirement planning. Don't miss our next episode, where we’ll explore tactical implementation strategies for HR professionals and business owners.

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://www.fema.gov/disaster/current WEA: https://www.fema.gov/emergency-managers/practitioners/integrated-public-alert-warning-system/public/wireless-emergency-alerts EAS: https://www.fcc.gov/emergency-alert-system Blog: https://rmcgp.com/blog/stormproof-your-future 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.

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 specific needs and circumstances.

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 that prevents injuries - Choose the right insurance partner Ensure your payroll classifications aren’t driving up premiums. Don’t wait for a workplace injury to find out you’re unprotected. Tune in to learn how smart planning can protect your team—and your bottom line. 👉 Learn more at rmcgp.com 📲 Follow us on social: @rmcgp (LinkedIn, Facebook, Instagram) 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.

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, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your specific needs and circumstances.

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/tbacharach 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.

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: https://meetings.hubspot.com/jessie-millhouse 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.

In this episode of The Legacy Lab, I dive into the world of Solo 401(k) plans with Tamara Middleton, VP of Pensions at RMC Group. We explore why these plans are the ultimate retirement tool for the self-employed, offering flexibility and higher savings potential compared to other retirement options. With only 13% of self-employed individuals currently saving for retirement, Tamara shares expert insights to help change this trend. We discuss the eligibility criteria, benefits, and compliance requirements of Solo 401(k)s, and how they can be a game-changer for self-employed individuals and small business owners. Tune in to learn how to maximize your retirement savings and secure your financial future. Don't miss out on valuable tips and resources to help you build a lasting legacy.

In this episode of The Legacy Lab, we dive into why offering employee health benefits is a smart business move. Learn how a well-designed benefits package can attract and retain top talent, boost productivity, and provide valuable tax advantages. We’ll explore the evolving benefits landscape, including Gen Z’s expectations for mental health support and digital tools, and outline key steps for getting started. Plus, we’ll break down the experts you need—insurance brokers, legal counsel, and benefits consultants—to create a cost-effective and compliant plan. Tune in for actionable insights to build a benefits program that works for your business and your employees. For more information on offering health benefits: https://meetings.hubspot.com/jessie-millhouse | [email protected]

In this episode of The Legacy Lab, we dive into the essential benefits and protections freelancers, gig workers, and influencers need to secure their financial future. From business insurance policies like general liability, workers' compensation, and professional liability coverage, we break down why these protections are crucial. Plus, we share real-life examples of how professionals—like wedding planners and social media influencers—can find themselves at risk and how the right coverage can save their business. Tune in to learn how to build a secure foundation for your self-employed journey!

Episode 1: Tailored Retirement and Benefits for Solopreneurs and Gig Workers Welcome to the inaugural episode of The Legacy Lab! In this episode, we dive into the unique challenges faced by self-employed professionals, from wedding photographers to nannies and gig workers, who often miss out on traditional employer-sponsored benefits. Join us as we explore practical solutions, tailored to help solopreneurs secure their financial future. Learn how to protect your income and discover actionable steps to take control of your retirement planning today. Building a legacy starts with informed decisions—let's thrive together!