401K

If you’ve got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if possible, and what to consider instead. BEWARE RAIDING A RETIREMENT PLAN A big chunk of the money contributed to retirement plans leaks out as hardship withdrawals, … [Read more...] about Liz Weston: 4 cash-raising pitfalls (and better options)

Anaheim-based SK Capital has launched a pension planning service for attorneys and law firms, offering them a means to cut costs annually in 401(k) administration fees. Anaheim, United States – August 3, 2021 /PressCable/ — SK Capital Wealth Management (SK Capital), a financial advisory firm based in Anaheim, has introduced a pension planning service for California attorneys … [Read more...] about Anaheim CA Pension Planning For Attorneys – 401k Retirement Services Launched

You may have been told wrong. If you have a 401(k) plan, you might be able to use a backdoor strategy to qualify for a Roth IRA and fund it at a rate well above the normal limits. This strategy may be more available to business owners, including physicians who own their practices, than to employees, as owners can sometimes influence the provisions of their company retirement … [Read more...] about Backdoor move enables larger Roth-IRA funding

Competing budgets that require no competition Financial and Human Resource leaders often compete for the same budget as it applies to spend management with reimbursements and 401k matching. However, Espresa has seen a significant desire to move towards a more flexible model where the employee is no longer forced to have the company choose for them, but rather, the employee … [Read more...] about Espresa® Introduces Flexible Global Reimbursement Platform to Support the Multi-Generational Workplace

PENSION savers could get up to $1,000 in extra cash a year thanks to a new proposal in the Senate. Known as the Encouraging Americans to Save Act, the legislation is an aim to help working and middle-class families save for their older years. 1Pension savers could get up to $1,000 in extra cash a year thanks to a new proposal in the SenateCredit: Getty It was introduced by … [Read more...] about New 401k proposal to give savers up to $1,000 extra a year

If you've got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if possible, and what to consider instead.   BEWARE RAIDING A RETIREMENT PLAN A big chunk of the money contributed to retirement plans leaks out as hardship … [Read more...] about 4 cash-raising pitfalls (and better options)

If you’ve got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if possible, and what to consider instead.BEWARE RAIDING A RETIREMENT PLANA big chunk of the money contributed to retirement plans leaks out as hardship withdrawals, … [Read more...] about WESTON: 4 cash-raising pitfalls (and better options) | Lifestyles

It goes without saying that fiduciary duties that must be fulfilled. But there are some that are often overlooked, an industry expert warns.  “When a job becomes too familiar it’s easy to start taking things for granted,” writes Christopher Carosa in Fiduciary News. He adds that the belief that a plan can run itself if “the right pieces” are in place “a dangerous … [Read more...] about Don’t Ignore Often-Overlooked Fiduciary Duties

If you have more invoices than money, the usual advice is to reduce expenses and find additional income. However, some methods of raising cash can be much more expensive than others. Here are four things to avoid if possible and points to consider instead. Beware of retirement plan attacks Most of the severance pay leaks out as difficult withdrawals, cash outs while … [Read more...] about Liz Weston: Four Financing Pit (and Better Options) | Lifestyle

If you’re venturing into the world of employer stock, it helps to know the acronyms, because the landscape is cluttered with them. There are RSUs (restricted stock units), ISOs (incentive stock options), and NSOs (nonqualified stock options). There are also ESPPs--employee stock purchase plans. And then there are ESOPs--employee stock ownership plans. ESOPs tend to get the … [Read more...] about Must-Knows About ESOPs | Morningstar