Browsed by
Category: Retirement

Teach Your Employees a Financial Magic Trick

Teach Your Employees a Financial Magic Trick

I was always fascinated with magic tricks. I could never figure out how the trick was performed, even when the magician revealed the secret. However, there is a financial trick that everyone can learn, and there are no secrets or magic involved. I will show you how an employee can have $1,029 deposited into their 403(b) account for only a $261 net after tax contribution, using the Savers Credit. The Savers Credit is a dollar for dollar tax credit, provided…

Read More Read More

If in Debt, Should You Still Save?

If in Debt, Should You Still Save?

So, you may be in debt—should you still make investments for the future? Some believe debt should be paid off before considering to build up your assets; and others debate that investing for the future should be in the forefront. Is there a right answer?  It’s complicated. We checked on what our partner Vanguard and other financial experts had to report on the subject. Investing or paying off debt can be a concern at any age. But young workers, who…

Read More Read More

Understanding Retirement Savings Plans

Understanding Retirement Savings Plans

Defined contribution plans, commonly known as 401 (k) or 403 (b) plans have become the most common retirement plans offered to employees. These plans can be relatively easy to manage for employers and easy to fund for employees who choose to enroll. But many plans do not offer the ease of a hands-off approach that some employers and employees would like. This is referred to as a turnkey approach. This approach is geared for small to mid-size organizations, but can…

Read More Read More