End of Year 401(k) Plan Reminders and Tips

As the year 2016 draws to a close, it is a good time to review your 401(k) Plan to make sure you are taking full advantage of maximum deferral limits, confirm that you are in compliance with any Required Minimum Distributions and consider a Profit Sharing Contribution, which can reduc

Filing for Social Security: What distribution strategy will work for you?

About 8,000 Americans reach the traditional retirement age of 65 every day, according to AARP. If you’re one of these preretirees, you have a lot of decisions to make about your retirement finances — including when you should start receiving monthly Social Security retirement benefits

5 Things Millennials Need to Know About Finances

According to surveys, only 24 percent of millennials demonstrate basic financial knowledge. There are many reasons for that lack of knowledge: Some of that information comes with life experience, and some of it is facts that would have traditionally been taught in a home economics or

2015 Plan Limit Increases

The following plan limits are increased effective Jan. 1, 2015: • Catch-up contributions. The dollar limit under Code Sec. 414(v)(2)(B)(i) for catch-up contributions to an applicable employer plan other than a plan described in Code Sec. 401(k)(11) (SIMPLE 401(k) plan) or Code Sec. 40

Start a Safe Harbor 401(k) plan for 2013: Deadline October 1st!

Is it time to Start a 401(k) plan for your business? Starting a new 401(k) retirement plan is a perfect way to save for retirement as well as reducing your tax liability. With a Safe Harbor 401(k) Plan, owners and highly compensated employees can maximize their contributions even if o