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,...
If your industry is growing at a fast rate, then as a business owner you’d want to hire and retain employees. It’s likely you’ll be looking for compelling methods to achieve this. For others, there is profit sharing and 401(k), and these support your employees to...
Selling your business would be really nice to begin retired life, wouldn’t it? But how can you be sure that your business will make it to this point? Here are some tips to make your reliable nest grow even stronger. #1 Diversify runagood.com Your company is your...
The sharp decline in economic activity from 2007-2009, known as The Great Recession, took out a lot from the retirement security of American workers, such as wages, pension benefits, home equity, and savings. Research Methodology However, there’s another issue, less...
Life is too long to make bad money decisions, so it’s important you make the decisions that matter. Taking advantage of the incentives provided by your employer and the federal government is a valuable start for your retirement plan. Employer contributions This may be...
Is the person running your retirement plan competent? If your 401(k) administrator is an in-house personnel from your payroll company, then the answer is probably no. The 401(k) plan, and other retirement plans like it, is for highly specialized people in the...
Each individual has different needs when it comes to their finances. According to statistics, people today are saving more. But that isn’t the question. The real question is if it is enough. It all depends on their lifestyles and their needs. Our daily needs are...
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