What Type of Retirement Plan Should My Business Implement? (Part 6)
SIMPLE 401(k) Plan Basics In Part 5 of this series we looked at the specifics of the SIMPLE IRA plan. Now let's examine its "close cousin," the SIMPLE 401(k). A SIMPLE 401(k) plan is a combination of a regular 401(k) plan and a SIMPLE IRA. When would a business choose...
Cash Balance Retirement Plans? Definitely!
You may have heard of “Cash Balance” pension plans. Yes, you must! Investment advisors should broaden their offerings to include cash balance plans, as they have rapidly become one of the most popular retirement plan design options in recent years.
What Type of Retirement Plan Should My Business Implement? (Part 4)
401(k) Plan Basics In Part 3 of this series, we looked at the various types of 401(k) plans. Now let's step back and look at what all types of 401(k) plans have in common. A 401(k) plan allows employees to make contributions to a retirement plan from their pay. This...