Self-Directed vs. Employer-Sponsored 401(k)s
Self-Directed vs. Employer-Sponsored 401(k)s Presented by Marc Aarons Today, I wanted to bring your attention to a topic that I believe is critical to your retirement planning: your 401(k) account. As you may know, many employer-sponsored 401(k) plans have limited investment options, and the plan sponsor makes the investment decisions, not you. As a […]
Retirement Plan Options for Small Businesses
The SECURE Act and CARES Act may complicate the decision. Provided by Marc Aarons As a small-business owner, figuring out retirement choices can be a little intimidating. How do you pick the most appropriate retirement plan for your business as well as your employees? There are three main types of retirement plans for small businesses: […]
Taking a Loan from Your Retirement Plan = Bad Idea
Why you should refrain from making this move. Provided by Marc Aarons at Money Managers, Inc. Thinking about borrowing money from your 401(k), 403(b), or 457 account? Think twice about that because these loans are not only risky, but injurious, to your retirement planning. A loan of this kind damages your retirement savings prospects. […]
The Safe Harbor 401(k) Deadline Is Quickly Approaching
The Safe Harbor 401(k) Deadline Is Quickly Approaching Now is the time for small business owners to act. Provided by Marc Aarons @ Money Managers, Inc. October 1 is the deadline for companies to set up Safe Harbor 401(k) plans for 2018. If you want to put one in place at your business, you need […]
Why You Want a Retirement Plan in Writing
Why You Want a Retirement Plan in Writing Setting a strategy down may help you define just what you need to do. Provided by Marc Aarons@OCMoneyManagers.com Many people save and invest vaguely for the future. They know they need to accumulate money for retirement, but when it comes to how much they will need or […]
Retirement Plan Trusts
These tools can shield inherited IRA assets from lawyers and creditors. Provided by Marc Aarons @ Money Managers, Inc. Inherited IRA assets are vulnerable in bankruptcy proceedings. Many older IRA owners and their beneficiaries do not realize this, but it is true. In Clark, et ux v. Rameker (2014), the Supreme Court ruled 9-0 that […]
Your Annual Financial To-Do List for 2017 ~ Provided by Marc Aarons
Things you can do Financially for 2017 What financial, business, or life priorities do you need to address for 2017? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives. Some year-end financial moves may help you pursue those […]