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Things to Consider Before Converting Your SIMPLE Plan to a 401(k) Plan

A SIMPLE (Savings Incentive Match Plan for Employees) is a go-to choice for people who own small businesses or are launching them. If the business continues to prosper, increased flexibility in plan provisions is required. That’s when a switch or a rollover should be considered. Certain things should be kept in mind while rolling over […]
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How Does Your 401(k) Compare to the Average Person?

If you’re fortunate enough to have access to a 401(k) through your employer, take full advantage of it. Only around 53% of workers over the age of 22 have access to a defined contribution plan, such as a 401(k), according to a Pew survey. Of those who have access to this type of plan, however, […]
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Secure a Steady Stream of Retirement Income With 4 Key Moves

If you’re worried about having enough money in retirement, you’re not alone. Many workers fear that once their golden years arrive, they’ll struggle to afford the many costs seniors face today. But if you make the following moves, you can secure a solid stream of income that’ll make retirement less stressful and more enjoyable. 1. […]
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7 New Taxes Retirees Face

Retirees are eligible for a variety of tax breaks that aren’t available to younger people. However, there are also some new taxes that apply to retirees. Here’s a look at some of the taxes that could crop up in retirement. Social Security Taxes Many people have to pay taxes on their Social Security income. If […]
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Year End Contribution Reminders

Retirement planning today can ensure you have the funds to live comfortably in retirement without worrying about going back to work. IRAs, HSAs, ira 401k rollover, and other accounts allow you to multiply your savings with unique tax benefits not available with other accounts. One way to maximizing the amount you have when you retire […]
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Which Financial Documents Should You Keep on File and For How Long?

Your Guide to Personal Paperwork Filing Practices You may be surprised how many people have financial documents scattered all over their homes. Or maybe you’re not surprised… maybe this sounds just like you. If this describes your financial “filing system”, you may have a tough time keeping tabs on your financial life … especially once […]