Planning for retirement is a crucial step in securing your financial future. For employers who offer retirement plans to their employees, finding the right administrative partner is essential. Many companies turn to third party administrators (TPAs) to manage their retirement plans. These professionals specialize in retirement plan administration and provide a range of services to […]
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 […]
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. […]
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 […]
There are several misconceptions surrounding the funding requirements of retirement plans, particularly when it comes to Defined Benefit Plans. Many individuals falsely believe that funding their plan is a long-term commitment that must be maintained for a minimum of three years or more. This notion often deters people from considering a Defined Benefit Plan, wrongly […]
