In your twenties and early thirties, saving for retirement may be the last thing on your mind. From starting your career path and tackling student loan debt to saving for a home and possibly starting a family, it can be difficult to save without excess funds available.

One size does not fit all when it comes to the design of a retirement plan. A well-designed retirement plan not only gives employees a way to build a financially secure future, but it also is a valuable tool for the employer to obtain and retain quality employees.

A one-participant 401(k) plan, also known as a Solo-K or Solo 401(k) , is a traditional 401(k) plan designed for a business owner with no employees . It may also cover the business owner and his or her spouse. These plans must meet the same requirements and follow the same rules as any other 401(k) plan. These plans provide various benefits, including tax-advantages, to self-employed business owners and spouses. Let’s dive into the details of these Solo-K plans so you can ev

For some young adults, retirement planning may be in the back of their minds but not considered a priority or taken seriously. However, the earlier you start planning for your retirement the more likely you are to experience the benefits of retirement planning. What are the benefits of retirement planning though? Here are just some of the benefits that come with planning for your retirement. Benefits of Retirement Planning Peace of Mind For many adults, the stress that comes

Cash Balance plans are an increasingly popular retirement plan option, but many business owners are still wondering if they are the right fit for their retirement needs. While Cash Balance plans offer a variety of solutions and fit many needs, there are two primary problems that they can solve for business owners. Let's examine those two problems and how Cash Balance plans provide solutions. Whether Sole Proprietors, Partnerships, or S-Corps, all have to take the company earn

Whether you are considering establishing a new 401(k) plan or converting your existing SEP or SIMPLE IRA plan, we'd be happy to discuss the advantages of a 401(k) and the potential for both cost savings and tax benefits for your clients. While SEP and SIMPLE IRAs offer small business retirement plan solutions, the benefits of a 401(k) are clear: More flexibility Higher contribution limits for all Opportunity to maximize contributions Roth contributions Both employee and empl