…affected participants. After-tax contributions are considered plan assets when testing whether the plan is “top-heavy.” If a plan is top heavy, meaning more than 60 percent of its assets are held by key employees (generally, the owners and officers of the business), then the plan…
…investment contracts or GICs, are backed by the strength of the insurance carrier. If the carrier became insolvent, potentially no assets would be available to pay participants. Bank or trust company stable value products, commonly structured as collective investment trusts or CITs, are often referred…
…part of a solid and well-planned investment strategy. NOTE: Information presented herein is for discussion and illustrative purposes only and is not a recommendation or an offer or solicitation to buy or sell any securities. Past performance is not a guarantee of future investment results….
Answering the “Why Us?” Question Whether retirement plans are core to your practice or part of a larger strategy to help clients, you’ll compete more effectively if you successfully communicate how you differentiate yourself from other advisors. From the perspective of many business owners,…
…to predict how the above forces will play out in the market over time. However, regardless of its direction, we expect significant volatility in stock prices. Maintaining a diversified portfolio remains a critical part of a solid and well-planned investment strategy. NOTE: Information presented herein…
…how to go about creating a reasonably prudent retirement savings strategy – one customized to each person’s needs and desires – can be a tremendous aid. And — as the Millennials would have it – the earlier the better. With the Covid-19 pandemic hopefully (finally)…
…regularly scheduled meetings to discuss the plan(s)’ performance, possible changes in strategy, new legal requirements, and so on. Be sure that you set aside the time to fully understand what is going on with your plan. Finding the right third-party fiduciary for your retirement plan…
Retirement Planning Essentials Learn more about building your retirement savings strategy. Retirement Planning Essentials Help Protect Your Elderly Parents’ Assets Ensuring a Fair and Equal Share for Your Beneficiaries Maintaining a High Credit Score When You Are Retired Teaching Your Children Good Financial Habits 401(k)…
…most significant retirement plan legislation in more than a decade. As its name implies, the SECURE Act’s main purpose was to increase access to tax-advantaged retirement accounts and to help prevent older Americans from outliving their assets. Next came the Coronavirus Aid, Relief and Economic…
…– which determines if the account balances of key employees is greater than 60% of the total assets held by the plan. We know that the goal of many company owners is to maximize how much you can contribute each year to your retirement. So,…
…the account balances of key employees is greater than 60% of the total assets held by the plan. We know that the goal of many company owners is to maximize how much they can contribute each year to their retirement. So, to avoid uncertainty about…
…personal loan. Liquidate non-retirement assets. Ask a concerned family member or friend for the money. Consider any and all alternatives before you borrow from your 401(k) plan.” That advice still holds true. The senator entitled his Herald-Leader piece “What if you could pay for tuition…