When you start a new job, you might ask, "Do I qualify for a 401(k)?" Many people think about retirement benefits when they sign up for work, and 401(k) is a popular option. Here’s some information about the packages, whether you qualify, and how you can set one up for yourself. Who Qualifies for a […]
Recently, the United States House of Representatives passed the SECURE Act 2.0 (Securing a Strong Retirement Act of 2021) on March 29, 2022, by an overwhelming bipartisan vote, 414-5. This is after the House Ways and Means Committee unanimously approved the bill in May 2021. The bill heads to the Senate for consideration. Here are […]
Retirement plan documents include some legal documents that compose the provisions of the plan as well as the regulatory requirements for a certain plan. Most of these qualified plans utilize a plan document called preapproved. Are there some questions that keep running through your mind about these documents? Is the post PPA document restatement finished? What […]
Investing is one of the best ways to grow your savings and plan for the future. However, the finical market is complex, and for an inexperienced investor, it can be hard knowing where to start and what investments to make. A financial advisor can help you manage your money and provide the expertise and experience you […]
Company pensions are often categorized as defined benefit (DB) or defined contribution (DC). A defined benefit plan states the specific benefit that a retiree will get. The calculation accounts for certain factors like how many years an employee has worked and the salary received, which dictates the pension one will get. A defined contribution plan […]
