Why Business Owners are Turning to Owner-Owned 401(k) Plans

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

2017 Trends in 401(k)

There are many different retirement plans available to America’s workers. Individually-established plans, such as Individual Retirement Accounts (IRAs), complement employer-sponsored plans like pensions and 401(k) offerings. It is in 401(k) plans that emerging trends have financial advisors in heated discussions as to the future of these plans. What are 401(k) Plans? Before talking about emerging … Continue reading 2017 Trends in 401(k)

Retirement Savings Options Beyond 401(k)

For many American workers, employer-sponsored retirement plans are valuable options in saving money for the future. While it is true that in general, people with access to such plans don’t take full advantage of them, employer-sponsored 401(k) plans remain a popular retirement asset vehicle. What about workers who don’t have access to employer-sponsored 401(k) plans? … Continue reading Retirement Savings Options Beyond 401(k)

Finding Retirement Success with a Properly Managed 401K

Before you consider early retirement, think about your 401(k) and the impact retirement will have on it. Sure, you get to relax, sleep in later and have more freedom with your time, but there are a few down sides to leaving a job too early. When a person retires, they often will not contribute to … Continue reading Finding Retirement Success with a Properly Managed 401K

The Ins and Outs of 401(k) Plans

Many people are confused about the different types of retirement savings plans.  The confusion grows when they are faced with such decisions as which plan to place their money, how much, and when they can draw their money out during retirement.  Traditional or Roth?  401(k) or 403(b)?  The questions concerning retirement savings plans can be … Continue reading The Ins and Outs of 401(k) Plans