Attract and retain your ideal employees with a benefits plan designed by a specialist financial advisor for your small business. Small business owners are accustomed to wearing many hats, especially in the early days of growing a business. As businesses grow, hiring employees becomes a necessity. But attracting qualified candidates to apply for small business […]
The amount of money you’d take home if you retired today depends on your vested balance. But what exactly does this mean? And what are the implications? According to Business Insider, the average US worker’s 401(k) balance currently exceeds $112,500. But did you know a proportion of your retirement savings might not legally belong to […]
Despite the great strides women have made to achieve equality in the workplace, financial injustice persists. While many headlines call attention to the disparity in earning power between men and women, other, less visible imbalances require more scrutiny. A new study from Bank of America has found men, on average, have 50% more in retirement […]
In the symphony of retirement planning, the CPFA emerges as a maestro, orchestrating each element to create a harmonious outcome. Their role is a blend of expertise, commitment, and foresight, ensuring that retirement plans resonate with the dual tones of participant welfare and regulatory compliance. The retirement planning journey is a complex yet crucial path […]
Avoid the one mistake people make that can expose your 401(k) money… Do you have a 401(k) account? It’s almost as likely as not. According to Statista, there were 133 million employees in the US in September 2022, and the Investment Company Institute (ICI) says there were 60 million active 401(k) participants that month, or 45% […]
An estimated 16% of Americans have owned cryptocurrencies such as Bitcoin, primarily in online brokerage accounts and apps, according to a 2021 Pew Research Center survey. But until recently, cryptocurrencies have not been available to employees through retirement plans offered by their employers, limiting their adoption. Fidelity Investments announced an offering in April 2022 that […]
It was the end of 2008. After a long time contemplating it, I finally pulled the trigger. I gave my supervisor my resignation letter. It was past time to go elsewhere. It was probably the second-best professional move I ever made. The best one was what I did a couple of years later when my […]
The two most common retirement plans for employees in the US today are the 401(k) and 403(b) plans, offered by private and public employers, respectively. Learn how each type of plan is similar and how they are different. Unless you plan to work forever, you need to plan for retirement. Then, you need to execute […]
If you’re about to start your own business or have recently done so, you’ve likely wondered what retirement plan might be best for you. Is it a 401(k) plan? A SEP IRA? Something else? With the many options available, I asked four financial advisors for their thoughts on the two most popular options, 401(k) plans, […]