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

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Managing Your Finances: A Personal Financial Security Review

Throughout our lives, we depend on our incomes to take care of ourselves and our families. Wages earned from our jobs go toward paying household and transportation expenses, educational expenses for our children, our retirements, and lifestyle purchases like travel or other expenses that enrich our lives. We work hard for our money, so it … Continue reading Managing Your Finances: A Personal Financial Security Review