By: Todd Levy, AIFA, QKA Would you feel more comfortable making the decision to retire if you knew your monthly income of $5,000 would be sustained for the rest of your life? Does this sound personal? Do you think employees and employers would feel better about their 401(k) plans if investments and retirement income projections were more...
By: Gary L. Simon Jr., QPFC Most advisors in the Qualified Plans space have a “go-to” platform (American Funds, Fidelity, John Hancock, Empower, Principal for example). For nearly 25 years in this market, this is what I’ve seen to be the norm, and rightfully so. But the days of the bundled platform are nearly gone. These platforms mostly rely on...
Spring 2022 The Retirement Plan Company Newsletter is here and with it comes a new edition of The Retirement Plan Company Newsletter. This issue is packed with information to help you stay informed and up-to-date on your retirement plan. We’ll be sharing the latest news, trends, and best practices for maximizing your savings and planning...
By: Scott M. Cloud, MBA, CPC There are several different types of plans from which business owners can choose to enable themselves and their employees to save for retirement. The type of plan that is most appropriate for a business depends on a number of factors, including how the business is structured for tax purposes, how much the...
By: Scott M. Cloud, MBA, CPC A well-designed 401(k) plan can help to recruit and retain employees, and – for most workers who have access to a company 401(k) plan – it serves as the primary (or only) investment vehicle to accumulate savings for retirement. To promote employee participation and retirement readiness, employers can choose to...
By: Scott M. Cloud, MBA, CPC Employers that establish a brand new employee retirement savings plan are eligible for a tax credit for each of the plan’s first three years. The tax credit amount is capped at $5,000 for each of the plan’s first three years (i.e., up to $15,000 total), but is limited by 1) the amount of the plan’s service fees...
