For Millennial’s Roth IRA’s have just always been around – it’s not a new concept for them. Whereas, the Baby Boomer’s were introduced to this new option years after they were already well established in their ways of contributing to their 401k. So, why are...
Some individuals are already doing their part on fixing and assessing which retirement plan they will contribute to. However, 43% are hoping to have inheritance as part of their funding plan – which is based from the study Natixis Global Asset Management conducted....
Many businesses offer a variety of retirement benefits that could consist of: SIMPLE 401(k) plans, Traditional 401(k) plans, or the Safe Harbor 401(k) plans. The Safe Harbor 401(k) plan is actually the most popular type of retirement plan for businesses with...
401(k) plan administrators are obligated to file an annual Form 5500, or Annual Return/Report of Employee Benefit Plan. All of these filings must be done electronically with the Department of Labor through the EFAST website. But what if you miss a year or so? How do...
In this article, we’re going to lay out important factors 401(k) planners should consider: 401(k)’s Flexibility and 401(k) Loans. 401(k) is steadily becoming one of the most important sources of income for retirees. In fact, according to Gallupp, 1 in 4 retirees use a...
There are a lot of tax-advantaged retirement plans to help people, and the most common ones are the following: Individual retirement plans such as Traditional IRAs, Roth IRAs, Spousal IRAs, myRAs, and rollover IRAs Employer-sponsored retirement plans such as 401(k)s,...
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