When it comes to managing retirement plans, fiduciaries play a crucial role in ensuring compliance with legal regulations and protecting the best interests of plan participants. However, navigating the different types of fiduciaries can be confusing, particularly when it comes to understanding the distinctions between 3(16), 3(21), and 3(38) fiduciaries. In this blog post, we […]
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Long Term Part Time Employee Eligibility
Part-time employment offers flexibility and convenience for both employers and employees. It allows individuals to maintain a work-life balance while still earning income. However, one issue that often arises with part-time employment is eligibility for long-term benefits and perks. In this blog post, we will explore the eligibility criteria for long-term benefits for part-time employees. […]
How Is a Retirement Plan a Tax Planning Tool?
Retirement planning is not just about saving for the future and ensuring financial security during the golden years. It is also an effective tax planning tool that can provide several benefits to individuals and businesses alike. By utilizing retirement plans strategically, taxpayers can reduce their taxable income, defer taxes, and enjoy tax-free growth of funds. […]
The Advantages of a Defined Benefit Plan for Self Employed
As a self-employed individual, it is crucial to carefully plan for your retirement. One way to do so is by considering a defined benefit plan. While most people are familiar with defined contribution plans like a 401(k), defined benefit plans offer unique advantages for self-employed individuals. This blog post will explore the benefits of a […]
The Best Retirement Plans for Realtors
Being a realtor can be a rewarding career, but it also requires careful financial planning, especially when it comes to retirement. As an independent contractor, realtors do not have access to traditional employer-sponsored retirement plans. However, there are several retirement plans specifically tailored to meet the needs of self-employed individuals, including realtors. In this blog […]