The IRS has announced contribution savings limits for retirement savings accounts for 2024. All the maximum contributions to retirement plans have increased by $500. Make sure you let your payroll department know that you want to increase your contributions to these plans.
Read MoreThere is no doubt that pensions are an extremely important asset and making decisions regarding these plans can be daunting and stressful. This is especially true since pension decisions are irrevocable! This article addresses common questions that should be considered when making decisions about your pension.
Read MoreFind out the maximum contribution limits that can be made to most retirement savings accounts including 401(k) plans, 403(b) plans, traditional and Roth IRAs for 2022.
Read MoreSmall business owners have a number of alternatives to choose from when it comes to establishing retirement plans for their business. Each plan type can vary in their contribution level and matching requirements, as well as their ongoing regulatory and administrative burden.
Read MoreWhen it comes to taking account distributions in retirement, which account is best - IRAs, Roth IRAs, Brokerage accounts or 401k plans? Also, are there tax strategies that could be employed now to minimize taxes in the future?
Read MoreWelcome back to Finance In A Flash, this week we bring back our investment expert, Chip Hymiller to discuss Target Date Funds. We have a detailed discussion about Target Date Funds, the pros and cons of having them in your portfolio, and what to consider when choosing this type of investment.
Read MoreHave you decided to retire in 2021? If so, congratulations—it’s a big step and for most, it’s a once in a lifetime decision. Even if you’ve planned ahead, you may still be a little apprehensive about this monumental life transition. Here are a few last minute things to consider or confirm as you embark on this new and wonderful journey.
Read MoreOn this episode of Finance In A Flash, Nick & Erin discuss pension plans. Not many people have Pensions anymore, but we do see a fair amount in the federal and state retirement system as well as some holdovers from private companies. We are going to go over topics such as Annuity Style vs. Lump-sum pension, Survivor Options as it relates to pensions, and we also discuss leaving pensions to your spouse.
Read MoreWhat do we think about when doing a Retirement projection? Someone walks into our office and says to us"I want to retire" or "I want to prepare for retirement", what do we do from there? In this episode of Finance In A Flash, Erin Campbell joins Nick Faulkner to walks us through this process and discuss the details of how we prepare a retirement plan.
Read MoreWe examine the changes that the SECURE act made on beneficiaries of retirement accounts. Beginning in 2020, the “stretch IRA” is eliminated for most beneficiaries. Also, we look at how trusts will be affected by the new tax law.
Read MoreHave you confirmed the beneficiary designations of your 401k, IRA, or life insurance policies recently? If not, you should! Find out why.
Read MoreHow good is your 401(k) plan at work? We looked at Brightscope which measures 401(k) plans and gives them a rating.
Read MoreHave you ever thought about the actual day you will retire? How will you make that decision and what factors will you consider when circling your retirement date on the calendar?
Read MoreAs a 401(k) plan sponsor or decision maker, do you know that you can be held personally responsible for mistakes in your company's 401(k) plan? Hiring the right professionals, those that can serve as fiduciaries to your 401(k) plan can help defray some of your liability. Find out how.
Read MoreThe Employee Retirement Income Security Act of 1974 (ERISA) imposes strict standards of conduct on fiduciaries who have discretion over the administration and investment of 401(k) retirement plans and plan assets.
Read MoreIs it best to contribute to your company sponsored 401k plan, a Roth IRA, or a personal brokerage account? The answer depends on many factors.
Read More
