Introduction: As a solopreneur, planning for retirement might seem daunting. However, understanding and utilizing a 401(k) plan can secure your financial future. In this article, we’ll explore the benefits of 401(k) plans and how they can work for you. What is a 401(k) Plan? A 401(k) plan is a retirement savings plan that allows employees...
Category: Qualified Plans
What is a Cash Balance Plan? Why Are People Talking About Them?
More importantly, will one help me?! If you are an entrepreneur with with no employees, a cash balance plan can significantly help increase your retirement savings and reduce your tax liability. If you are trying to recruit employees, they can bring in great talent. Lastly, if you have want to retain employees cash balance can truly...
“How Do I Do a Rollover?”
Ever wonder that? Of course! If a financial advisor had a $1 bill for every time they were asked that they would be rich. Um, they already are so scratch that. This article will allow you to walk away with understanding pretty much all the particulars of IRA rollovers with basically all the guidance the...