Last month I discussed how valuable Health Savings Accounts are, how they can significantly increase your wealth over time, and why I generally prefer them over 401k accounts. But how do HSAs fare when compared to Employee Stock Purchase Plans (ESPPs)? If you only have enough money to contribute to one, which one should it […]
Are ESPPs better than HSAs? Read More »
As a small business owner it is logical to think that your business will provide for you in retirement. While that may be the case, it’s not a good idea to put all your eggs in that one possibility.
Retirement Tips for Small Business Owners Read More »
Many people have aspirations to build up their tax-free investments and do so inside of a Roth 401k. However, you may be surprised to learn that your Roth 401k contributions are not actually going into the Roth (tax-free) bucket, but instead into the Traditional (pre-tax) bucket. If you’ve followed my blog, then you know I
Are You Making Roth 401k Contributions? Think Again… Read More »
In today’s video blog post, you’ll learn 3 important reasons your small business needs a 401(k). These reasons all revolve around benefits received by the owner(s), the business itself, and the employees. If you’ve been thinking about starting a 401(k) plan or even if you already have one, you’ll find benefit in watching this short
(VIDEO) 3 Reasons Your Small Business Needs a 401(k) Read More »
Whether you are looking to add a 401k plan for your employees or you already have one in place, there are some important things to consider. In today’s blog post, you will learn about 4 questions that you need to answer when choosing a 401k plan for the first time or managing an existing one.
4 Considerations When Choosing a 401k For Your Business Read More »
I’m very happy to report that I’ve recently been published on Investopedia.com. The article is titled When Net Unrealized Appreciation Is A Bad Idea. If you have publicly-traded company stock in a 401k plan then you may have heard of a strategy called net unrealized appreciation (NUA). The basic idea is that once you are eligible, you have an opportunity to
I’ve Been Published: Handling Company Stock in a 401k Read More »
Throughout the week, I run across articles written by other people that may be of interest to you. This week, there are two articles I’d like to highlight. The first article titled Wells Fargo Sustains More Adviser Losses Following Banking Scandal is written by Greg Iacurci of Investment News. The environment that was cultivated over the
Articles of Interest Read More »
As a small business owner, perhaps you’ve been contemplating the best type of retirement plan to implement at your company. When looking to set up a company retirement plan for the first time, the amount of choices can completely overwhelm you. In fact, there are over 20 different types of plans that you could potentially
Simple IRA vs 401k – Which Should A Company Implement? Read More »
We recently worked with a small business to help them identify and understand their company sponsored 401k fees. The 401k plan was actually an insurance product that was put into place prior to working with us. And in case you don’t know, insurance products typically involve lengthy, confusing contracts. In fact there were 170 pages within
Are Your Company 401k Fees Too High? Read More »
If you can relate to any of the following scenarios then this blog post is for you: You are a one (or multiple) owner company with no employees. You are a husband and wife owned company with no employees. You are a 1099 contractor with no employees. Over the past few weeks I have been
SEP IRA vs Solo 401k Read More »
As a business owner you have a tremendous opportunity that your employees do not have. You have the ability to set up a 401k plan. Employees don’t have a say in what type of retirement plan, if any, their company offers. But for you, as a small business owner, you get to choose whether or not
4 Secret Benefits of Setting Up a 401k Read More »
401k plans are a great tool for small business owners to achieve their retirement goals. But let’s not put the cart before the horse. The first question to ask is: SHOULD YOU EVEN SET UP A SMALL BUSINESS 401K? The answer to this question is “it depends”. Every small business owner has different goals. Maybe
Should You Set Up A Small Business 401k? Read More »
