Smaller corporations often face two problems: the hiring and retention of key employees, and an inadequate retirement benefits payable to owners and key employees. The solution to this problem can be a selective executive retirement plan. Most prosperous businesses have one or more crucial employees who are largely responsible for the success of the corporation. … Continue reading A Small Business’ Solution to Long-Term Success
A person’s earning power is the most powerful asset they own. When both adults in a family are contributing to the family income, the results can be astounding. For example, if a 30-year-old couple makes a combined income of $100,000 per year without any raises, in the course of 30 years, they will earn over … Continue reading Preserve Your Retirement Assets With A Long-Term Care Review
As a business owner, hiring and retaining employees who are loyal and become an integral part of the company dynamic is key. Providing these employees with more than just a paycheck may mean the difference between a business thriving and one that fails. The power of a qualified retirement plan helps business owners attract and … Continue reading Will Retirement Plans Really Create a Successful Business?
An owner-only 401(k) plan is an approach to blend the tax advantages of an employer-sponsored retirement plan with pre-tax personal retirement savings. A Financially-Independent Retirement According to a recent Social Security Administration study, most adults over 55 are not financially independent during their retirement years. 34.0% of retirees have incomes under $20,000 26.5% of retirees … Continue reading Why Business Owners are Turning to Owner-Owned 401(k) Plans