Mar 16, 2023 | Choosing a Retirement Plan, SIMPLE 401(k) Plans, SIMPLE IRA Plans
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...
Mar 16, 2023 | Choosing a Retirement Plan, SIMPLE IRA Plans
SIMPLE IRA Plan Basics In Part 4 of this series we covered features common to all 401(k) plans. Now let’s look at another plan type, the SIMPLE IRA. A SIMPLE IRA plan allows employees to make contributions to a retirement plan from their pay just like a 401(k)...
Mar 16, 2023 | 401k Plans, Choosing a Retirement Plan
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. ...
Mar 16, 2023 | 401k Plans, Choosing a Retirement Plan
In Part 2 of this series, we discussed that 401(k) plans are a good retirement plan to consider when trying to attract and retain top talent for your business. But what are your 401(k) plan options? There are actually quite a few and we provide practical pointers to...
Mar 16, 2023 | 401k Plans, Choosing a Retirement Plan, IRA (Individual Retirement Accounts), Roth 401k, Roth IRA
The Benefits of Saving in a Retirement Plan or IRA Why should someone save in an IRA or a retirement plan, instead of a regular savings account? Individual Retirement Accounts (IRAs) and retirement plans provide tax advantages that a regular savings account does not....
Mar 16, 2023 | 401k Plans, Choosing a Retirement Plan
In Part 1 of this series, we talked about how a SEP plan can work nicely for the owner of a business with no employees. But what is the right retirement plan for a company that has employees? Usually the best place to start is to answer this question: Why does the...