We all know the importance of setting up a retirement plan and making regular contributions to it. What you might not know much about, though, are all of the different types of retirement plans out there. Cash balance plans are becoming increasingly popular among workers across the country. Continue reading to learn what they are […]
A 401(k) is one of the most popular retirement plans in America. Nevertheless, we’ve found that many workers sign up to participate in their company’s 401(k) program without reading all of the fine print. While that’s understandable—401(k)s can be a little difficult to understand—you need to know some basic facts before enrolling. Thankfully, we’re here […]
Employers who offer retirement contributions are seen as more reputable and often have a better relationship with their employees. For rewarding their employees, businesses can get tax deductions from the government. But just like with most things related to the IRS, there’s some red tape surrounding contributions and deductibles. These things can get tricky, but […]
Unless you’re a financial expert, fully understanding how the deadlines for retirement plan contributions work probably isn’t on the top of your to-do list. You’ve got plenty of things on your plate and monitoring your retirement plan can often fall to the wayside. But you must understand your deadlines to avoid paying a penalty tax, […]
When you work for state or local government—or an eligible tax-exempt organization—you are usually eligible for a 457(b) retirement plan. This is a tax-advantaged plan that allows you to grow your savings over time, similar to a 401(k) plan. However, there are some drawbacks that come with 457(b) plans. Here’s what you need to know […]
