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Library » Collective Investment Trusts – An Important Fiduciary Consideration
June 07, 2021 | Retirement Plans
In recent years, many employers have frozen their defined benefit plans as 401(k) and other defined contribution plans have grown to become the primary retirement savings vehicles. Given that popularity, the structure and cost of 401(k) plans has come under greater scrutiny, resulting in an …
Library » Case Study: Cash Balance and 401(k) Combination Plan Design
January 11, 2021 | Retirement Plans
Learn how a combination of cash balance and 401(k) plans can help business owners increase annual tax-advantaged retirement savings.
Financial Planning » 12 Actionable Tips Before Year-End
December 17, 2020 | Tax Planning
With the holidays just around the corner, many of us are ready to ‘close the books’ on this year and move on to 2021. Even if we feel like looking ahead, the final few weeks of the year is a great time to take stock of your finances and consider some simple steps that may meaningfully improve …
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IndividualsLibrary » Qualified Plans for Owner-Only S-Corporations
August 06, 2020 | Retirement Plans
Leverage a $75,000 W2 into a $179,000 retirement allocation S-Corporations (S-Corps) that are consistently and highly profitable (e.g. $350,000+/year in earnings) can leverage a relatively small annual W2 salary to minimize self-employment taxes and maximize qualified plan contributions by …
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Financial AdvisorsLibrary » Profit Sharing Allocation Methods - The Better Part of Discretion
May 13, 2020 | Retirement Plans
Most Profit Sharing/401(k) Plan sponsors have the basic understanding that the plan contributions must not discriminate in favor of the owners and other highly paid participants over non-owners and non-highly paid participants. Many business owners interpret this to mean “I can’t contribute more …
Library » Avoiding the Bull Market Glide Trap: Is Your Plan’s Target Date Solution Taking Too Much Risk?
March 09, 2020 | Retirement Plans
You often hear people say ‘what a difference a day makes’ to highlight how quickly things can change. When it comes to the stock market, it may be better said ‘what a difference a decade makes’. Investors over the past 20 years have experienced a wide range of markets starting with the ‘lost decade’ …
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Financial AdvisorsFinancial Planning » 2020 Qualified Plan Limits
November 20, 2019 | Financial Planning
Well… it’s that time of year again. Red and gold leaves drift by the window. The pitter-patter of little goblin feet trails off into the chilling night. The gales of November seem too early. And, the IRS announces the qualified plan limits for the next year. The full text of IRS Notice 2019-59 …
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Individuals
Financial Planning » 2019 Contribution Limits: What You Need to Know
February 26, 2019 | Tax Planning
As many people are planning for their 2019 tax strategy, the IRS has released details about how much can be saved in tax-deferred accounts this year. I’m happy to report that contributions to most types of retirement accounts will be increasing – changes over recent years have been fairly modest. …
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Individuals
Financial Planning » Ready, Set, Go! Financial Resolutions for 2019
January 28, 2019 | Financial Planning
It’s a new year and there’s no better time to think about resolutions to get on track to meet your financial goals for 2019 and beyond. So let’s jump in with these six financial resolutions: Understand your net worth. To help get your financial situation in order, understand your net worth …
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Individuals
Financial Planning » It’s Not Too Late to Compound Your Savings for Retirement
August 07, 2018 | Planning for Retirement
For anyone who reads, watches TV, or browses social media, it should come as no surprise that Americans, on average, are underprepared for retirement. In fact, struggling to find a way to save enough to fund a comfortable retirement is an issue that spans generations. While retirement health …
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Individuals