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The Savage Blog

Healthcare Questions? We Have the Answers

Open enrollment for the Affordable Care Act is right around the corner. Savage and Associates advisors can answer your healthcare questions.

When

Open Enrollment for 2019 coverage runs between November 1, 2018 and December 15, 2018. You must apply by December 15 to ensure an effective date of January 1, 2019.

How We Can Help

A Savage & Associates advisor can help choose the plan that works best for you and your unique set of financial circumstances.

“While it may be tempting to choose the lowest priced plan, it’s important to consider if you can afford the deductible that comes with it,” says Savage & Associates advisor Dan Finkel.

Before you make a decision, speak with a Savage & Associates Advisor. We will work with you to ensure that you and your family have a plan that makes sense for you.

Talk to a Savage & Associates Advisor today and get covered.

Savage & Associates Among Top Workplaces in 2018

Named #1 Midsize Employer in Northwest Ohio

For the second year in a row, The Blade has ranked Savage & Associates among the Top Workplaces in the Toledo region. And this year, Savage topped the list of midsize companies—those employing 75-299 people. The honors are part of The Blade’s annual Top Workplace survey, which collects feedback from thousands of area employees.

This is the fifth year The Blade has partnered with Energage—a Philadelphia-based employee research and consulting firm—to conduct the workplace survey. Seventy-two Toledo-area companies participated in the competition, each having a requisite 35 or more employees. In all, more than 7,400 respondents scored their employers on factors ranging from leadership to employee engagement.

Savage & Associates has participated in the survey twice, making the Top Workplaces list both times.

“It really is about the culture,” explains J.R. Toland, the company’s president and CEO. “It’s a very positive and supportive work environment.”

In their anonymous survey comments, Savage & Associates employees conveyed similar beliefs about the firm’s culture. Respondents expressed appreciation for leaders who make them feel cared for and valued, and who genuinely model Savage’s vision and values.

“Savage is just different,” says Marianne Peters, director of people and performance. “John Savage, who founded the company with his brother Bob, affected people here in such a positive manner. Twenty-five years after John’s passing, I think everyone wants to keep that culture going for him.”

Preserving John Savage’s legacy culture while also inspiring young employees who never met him presents a bit of a challenge. But throughout the years, says Toland, Savage has never deviated from its basic business philosophy.

“It’s all about relationships and caring about people. That constant will always be there.”

Robert & Susan Savage Receive Outstanding Philanthropist Award

Few individuals impact philanthropic efforts in Northwest Ohio as greatly as Robert and Susan Savage, who work tirelessly to make our community a better place.

In recognition of their generosity, Bob and Sue Savage are 2017 recipients of the Outstanding Philanthropists Award presented by the Northwest Ohio Chapter of the Association of Fundraising Professionals (AFP).

Bob and Sue contribute their time and treasure to countless area organizations, including the University of Toledo, Imagination Station, Toledo Lucas County Public Library, and Toledo-area Christ Child Society—just to name a few.

Bob and Sue will be recognized at AFP’s 30th Annual National Philanthropy Day luncheon on November 9. The event will be held from 11 a.m. to 1:30 p.m. at Premier Banquet Hall in Toledo.

Savage and Associates Celebrates Groundbreaking

Rain can’t stop Savage and Associates’ staff, business associates, and area public officials from kicking off new headquarters construction.

From left to right: Mark Smigelski, Joel Tschantz, J.R. Toland, Russ Karban, Scott Walsh, and Kelly Savage break ground for the new headquarters.

Savage and Associates held a groundbreaking ceremony for its new headquarters on Tuesday, September 19th. Savage advisors, employees, representatives from NAI Harmon Group, local politicians, and the news media gathered on the site of the future headquarters. Government and business leaders spoke about the new building and why Savage and Associates’ continued presence in the community is so important to northwest Ohio.

U.S. Representative Bob Latta joined in to express that having successful businesses like Savage in the area is vital to the continued resurgence of the region. Maumee Mayor Rich Carr added that Savage’s commitment to the community over its 60-year history is what sets the business apart. He noted the Savage Foundation and the more than $1 million it has raised for charity in the community.

Ed Harmon, CEO NAI Harmon Group, spoke about how the partnership between NAI Harmon Group and Savage allowed the project to happen. J.R. Toland, President and CEO of Savage and Associates, wrapped up the festivities by speaking about the success of Savage and how the new building will allow our clients to continue to receive unparalleled service.

The new headquarters will be located between US 23 North and Arrowhead Road, just south of West Dussel Drive. Savage’s 55 advisors and 45 employees are expected to move into the new building in Fall 2018.

Follow along on Facebook and SavageAndAssociates.com for construction updates in the coming months!

What to Teach Your Young Child About Money – Sean Savage

Financial Advisor, Sean Savage offers some great advice to young families on the importance of encouraging your kids to form good habits in regards to savings and investing. Here is his first in a series of articles published S

Parents cannot delegate financial lessons for our children to anyone else. Teach your children the importance of saving and investing for the future before poor habits are formed. I was fortunate to learn from my parents the discipline of saving money at a young age which put me on the path to make financial advising my profession. My wife Carolyn and I have six children ages 2-22. The following are a few simple ways I teach financial responsibility to our three young daughters (age 6, 6, & 9).

  • Lead by Example – If you want your child to be a good saver, be a good saver yourself. Kids will model the behaviors they observe at home. Talk to your children about the importance of saving money for the future. This does not mean saving for a specific purpose, but saving with the idea of accumulating funds to invest.
  • Keep it Simple – The most important financial concept for a child under the age of 10 to learn is the importance of saving money. It’s something you can teach before they learn how to read. As your children earn money through chores, achievement, and gifts, encourage them save in their piggy bank and, ultimately, the real bank. Enthusiastically celebrate their savings success so they feel good about their behavior.
  • Bank Accounts – Each child should have a bank account by the time they are 5 years old. We make a big deal out of organizing their money and taking it to the bank for deposit. About every 2 months, I load the kids in the car for a Saturday morning trip to the bank. Each of them goes to the counter to deposit their money, get an update on their account balance and, of course, pick out a sucker. A small percent of the money is held back and used to pick out a toy as an immediate reward for saving.
  • Drop a Hint about Investing – I introduce simple ideas about investing and why it is important to eventually transition money from the bank to investments. Understanding investing in terms of owning part of a company and getting paid when people buy things from that company is as complex as you should be at this age.

Planting the seeds of financial discipline at a very young age is good parenting. The education must continue as your child becomes older and the message needs to change at each age bracket.

Savage & Associates and the Toledo Zoo Team up for Dart Frog Dash

Savage & Associates joins the team for the Dart Frog Dash 5k Race at the Toledo Zoo


The Dart Frog Dash 5K at the Toledo Zoo is one of Toledo’s favorite annual run. The run/walk begins and ends in the zoo and draws a large crowd each year. This year’s event is being held on May 20, 2017.  Savage & Associates is proud to be a sponsor for this family friendly event. In a recent lunch and learn event, associates learned helpful running techniques to avoid injury from a representative from Dave’s Running. Then spokespersons from the Toledo Zoo gave a presentation explaining how the race is bringing awareness to conservation in the community. By supporting the Toledo Zoo’s Medical Mutual Dart Frog Dash, you are supporting local and global conservation initiatives, including:

• Planting native prairies on 30+ acres throughout the community
• Increasing regional biodiversity while filtering rainwater run off before it enters rivers, streams, and Lake Erie
• Raising and releasing thousands of pollinators
• Partnering with AZA zoos to research and conserve endangered species and their habitats around the world
• Providing educational programming on and off Toledo Zoo grounds

This family-friendly event has something for everyone. For the runner, this is a 5k competitive race on a USTAF certified course but is also open to those who just want to walk the route. There is also a kids Fun Run for children ages 0-12.

Our Savage family will be there in force. Information for sign up can be found here. We invite everyone to register and enjoy your Zoo on race day.

Savage & Associates Named a Top Workplace for 2017


Savage & Associates is proud to be honored by the Toledo Blade as one of the Top Workplaces for 2017 in Toledo. The announcement came at the Toledo Blade Top Workplace Award dinner, at the Toledo Club, on January 26, 2017.  This is the first year Savage & Associates participated in the four years the awards have been given by The Blade. Top companies were determined from employee surveys completed by 5,732 participants. The results were overseen by Philadelphia-based WorkplaceDynamics, an employee research and consulting firm. In addition to winning in the Top Workplace for Mid Size Companies category, CEO, JR Toland was also named the top company leader in all of Northwestern Ohio.

Savage & Associates co-founder, Bob Savage attended the awards event and said, “Most of us have known for a long time this is a great place to work, but it is a very significant honor to have the major local newspaper, make it official.” Our President & CEO, JR Toland commented, “Our deepest appreciation goes out to every Savage associate for voting us a Top Workplace in the Greater Toledo Area. It is all of our advisors and employees that make Savage such a great place to work. We work hard to continue on the principals and culture that we were founded on 60 years ago.”

Damian Ogrodowski Inducted to St. Francis Athletic Hall of Fame

St. Francis High School in Toledo, OH  has a tradition of celebrating athletes and service-oriented successes.  On October 27, 2016, Savage & Associates advisor, Damian Ogrodowski was selected to be inducted into the school’s Hall of Fame.

Inductees are chosen from former athletes who demonstrate leadership and serve as role models for students.  They are nominated by alumni and friends of St. Francis.  Damian was chosen for his service, athletic excellence, and community involvement.

Damian’s daughter Lily was the highlight of the evening, giving an incredible introduction speech for her Dad. Her clear and composed words impressed the crowd of 350.

Among Damian’s accomplishments as an athlete, he is tied for #1 spot all time for total varsity letters at St. Francis. He was a standout student athlete and represented Savage and Associates extremely well.

Savage & Associates sponsored a table for the event and several associates attended along with President and CEO, JR Toland.

Ready for Open Enrollment 2017?

Know Your Dates

The open enrollment period for 2017 coverage is between the dates of November 1, 2016- January 31, 2017. You must apply by December 15, 2016 to ensure an effective date for January 1. Because of the expected volume of applicants, please contact an agent as soon as possible to complete your application.

Savage agent Steve Milewski cautions clients to make sure they apply as soon they can. His advice is to “Be aware that you will have a limited opportunity to buy coverage outside of the open enrollment period. If you do lose coverage, you should take action within two months”.

Know Your Numbers

Depending on your expected annual income, you may be eligible to receive a subsidy to help offset the cost of health insurance premiums. It is imperative to accurately estimate your household income, as this subsidy can change based on that number. There are repercussions for inaccurately estimating your income; if you use more tax credits than you qualified for, you will have to pay back the difference on your tax return. If your household income ends up being lower than you estimated, you will get the difference back in the form of a tax refund.

Know Your Coverage

The Affordable Care Act includes guaranteed issue provisions, which means that no one can be denied coverage because of their health conditions. While that means anyone can apply, the process can still be cumbersome. A Savage agent is able to simplify the process for you by presenting the best options for your unique scenarios and help you find the coverage you need, at the cost you can afford.

There are four metal tiers of coverage: PlatinumGoldSilver, and Bronze. All plans include preventive care benefits, but have different levels of cost sharing and coverage. According to Daniel Finkel, a Savage agent specializing in individual coverage, “While it may be tempting to choose the lowest priced plan, it’s important to consider if you can afford the deductible that comes with it, and to have a company and an agent that are there when you need them”.

Know the Consequences

Going without health insurance opens you up to the risk of not being covered in the case of an emergency. It also means you might be responsible for paying a steep fee, known as the individual shared responsibility payment. The fee is calculated based on either your income, or a per person fee, whichever is higher.

Know Your Allies

An agent is your lifeline in a world that may be foreign to you. Agent Tamy Hagan supports her clients by providing “the expertise of helping you choose a plan to best suit your needs by searching all plans available, cross referencing your doctors, and assisting you throughout the year with any questions or concerns you may have”.

In a world of options, your Savage agent can help you navigate through the overwhelming amount of information to find the best coverage for you and your family. Contact a Savage agent for personalized assistance on getting a health insurance policy that meets your needs.

Savage and Associates offers a team of Certified Health Insurance Agents that can help you find the health insurance you need for yourself and your family.  Our agents can explain the details so that the process will be completed correctly, thereby avoiding any potential processing delays. Using an agent will ensure that you sign up for a plan that fits within your budget and that your doctors are in network. When using an agent, there is no additional fee, and you will have a licensed professional as an ally who will help you select the correct plan and help with future service questions or claim issues. Your agent is there for you long after you are enrolled in a plan.

Kelly Savage Wins Award for Charitable Leadership

Advisor Group acknowledges Kelly Savage’s charitable leadership, crowning her the winner of the 2016 Advisor Group Women’s Community Leadership Award.

Kelly Savage surrounded by her Savage & Associates Co-workers (L to R): Emily Boyle, Megan McNamara, Kelly Savage and Michelle Schroeder

TOLEDO, OH—Advisor Group, one of the largest independent broker-dealer networks in the nation, hosted the 2016 W Forum in Salt Lake City, June 5-7. The event was the firm’s 10th annual women’s conference to provide educational and networking opportunities, to support female advisors as they grow their financial services practices.  As part of the event, The Community Leadership Award (established in 2013) is presented to a female advisor who has demonstrated outstanding commitment to helping women grow personally, professionally or financially within her community.

This year’s winner is Kelly Savage of Savage & Associates in Toledo, Ohio.  Kelly is a trailblazer—both as a financial advisor and as a role model for young professionals.  Her leadership efforts are well known in the community and with local charities.  Whether it was as a mentor for young women at her high school alma mater, Notre Dame Academy or by promoting the University of Toledo Women’s basketball program, Kelly values the opportunity to share the wisdom and experience she has gained to help other women build a path for success.

The American Cancer Society Making Strides is one of her favorite charity events.  For 6 years she has served in different roles such as: chairperson for their annual fund drive, team captain for participants, event speaker as well a flagship sponsor.

Kelly also serves as tournament head for the Savage Foundation Golf Classic (SFGC) which is recognized as the largest one-day golf fundraisers in Northwest Ohio.  Kelly and her committee hand pick local charities as benefactors for the event. This year, one of the benefactors is The Bethany House, a local battered women’s shelter that provides a long term solution to help women get back on their feet and become contributing members of society.

Advisor Group recognized Kelly during their event and made a donation to Grace Community Center which is one of the charitable organizations she serves.

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