Key Takeaways A 401(k) trustee is legally responsible for safeguarding plan assets and ensuring compliance with ERISA rules. Trustees oversee contributions, monitor investments, and act in the best interest of plan participants. There are two types of trustees: individual trustees (more personal liability) and corporate trustees (professional management, reduced risk). Custodians hold assets and process […] The post 401(k) Trustee: Roles, Responsibilities & How to Choose One appeared first ...| Self Directed Retirement Plans
Key Takeaways Do Employers Know When You Take a 401(k) Loan? Yes, your employer will know about your 401(k) loan, but only for payroll purposes. Your privacy is protected. Co-workers and managers won’t know unless you share it. Employers cannot penalize you for borrowing from your retirement account. Risks include tax consequences and repayment issues […] The post Will My Employer Know if I Take a 401K Loan? appeared first on Self Directed Retirement Plans.| Self Directed Retirement Plans
Key Takeaways Typical 401(k) returns average 5%-8% annually when invested in a balanced mix of stocks and bonds, making it a reliable long-term retirement tool. Factors like inflation, investment choices, contributions, fees, and employer matches significantly shape how much your 401(k) grows. Using calculators, reviewing annual returns, and rebalancing portfolios help estimate and track potential […] The post Average 401(k) Return: What to Expect for Smart Retirement Planning appeared firs...| Self Directed Retirement Plans
If you’ve already maxed out your traditional 401(k) and Roth contributions, or you are looking for ways to accelerate your retirement savings, after-tax 401(k) contributions may be the powerful tool you might be overlooking. While not as well-known as other retirement options, after-tax contributions can help you invest more, grow more, and create greater flexibility […] The post What is an After-Tax 401(k) and Should You Use it? appeared first on Self Directed Retirement Plans.| Self Directed Retirement Plans
Safe harbor 401(k)s are a special type of retirement plan that simplifies things for both businesses and employees. Companies offering this plan get a break from complex IRS regulations, while employees get a guaranteed employer contribution to their retirement savings. Whether you are a seasoned employer or just getting started with your small business, understanding […] The post Safe Harbor 401(k) Plan for Business Owners appeared first on Self Directed Retirement Plans.| Self Directed Retirement Plans
Choosing a retirement savings plan for your small business can be tough, but a SIMPLE 401(k) is a great option to consider. This guide will break down everything you need to know about SIMPLE 401(k) plans, making it easy to see if it’s the right fit for you and your employees. We’ll cover who’s eligible, […] The post SIMPLE 401(k) Plan: What It Is & How It Works appeared first on Self Directed Retirement Plans.| Self Directed Retirement Plans
Changing jobs or entering a new phase of life? Don’t forget about your old 401(k) rollover! It is a smart move to keep your retirement savings growing and accessible. Whether you are eyeing more investment options, better account control, or simpler management, a 401(k) rollover can help you take charge of your retirement planning. This […] The post 401(k) Rollover: What You Need to Know appeared first on Self Directed Retirement Plans.| Self Directed Retirement Plans
Let’s kick off the week with some fresh listener questions we have lined up for you! And don’t just stand on the sidelines- if you have a question you’d like us to answer, toss your... The post Ask HTM: Break-Even Bank Switch, Doubling Down on a 457b, & Financing an ADU for Extra Income – Episode 1042 appeared first on How to Money.| How to Money
Time for a Friday Flight- our little sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to... The post Friday Flight: Just-In-Case Planning, Consumer Caste System, & Cabbage Patch Contemplation – Episode 1041 appeared first on How to Money.| How to Money
The supposed luxury of avocado toast, along with the latte, has become an “ok boomer” personal finance tip. “Stop frivolously spending your money and you’d be rich!”… we don’t actually believe that here at HTM... The post Eat the Avocado Toast w/ Justin & Haley Brown-Woods – Episode 1040 appeared first on How to Money.| How to Money
Let’s kick off the week with some fresh listener questions we have lined up for you! And don’t just stand on the sidelines- if you have a question you’d like us to answer, toss your... The post Ask HTM: Best Grocery Cashback Credit Cards, Risking it with Ultra Cheap Car Rentals, & Giving Up on Home Ownership – Episode 1039 appeared first on How to Money.| How to Money
Time for a Friday Flight- our little sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to... The post Friday Flight: Pricey Porch Pumpkins, Twitter for Trading, & Saving for a Spouse – Episode 1038 appeared first on How to Money.| How to Money
Benjamin Franklin once wrote “… in this world, nothing is certain except death and taxes.” It was true over 200 years ago and it’s true today! But we’re here to argue that there’s another certainty... The post Cutting Taxes & Retiring Sooner w/ Cody Garrett – Episode 1037 appeared first on How to Money.| How to Money
Let’s kick off the week with some fresh listener questions we have lined up for you! And don’t just stand on the sidelines- if you have a question you’d like us to answer, toss your...| How to Money
SBA Loans and Pool Routes When diving into the entrepreneurial pool, many consider purchasing a pool route as a solid investment. A pool route business consists of multiple swimming pool accounts that are serviced by one company. It can be a lucrative venture with the right approach. However, financing this aquatic endeavor isn’t as straightforward […] The post SBA Loans and Pool Routes appeared first on Sealey Business.| Sealey Business
Time for a Friday Flight- our little sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to... The post Friday Flight: Flipping For Cash, Health Insurance Hikes, & Grim Googling – Episode 1035 appeared first on How to Money.| How to Money
Want to live joyfully and abundantly on a shoestring budget? Is it even possible or is it something from a bygone era?! With headlines shouting that even high income earners making $300,000 are living paycheck,... The post Financial Freedom on Less than $40k w/ Hope Ware – Episode 1034 appeared first on How to Money.| How to Money
Let’s kick off the week with some fresh listener questions we have lined up for you! And don’t just stand on the sidelines- if you have a question you’d like us to answer, toss your...| How to Money
Many businesses, large and small, have a huge source of great ideas that can help them improve, innovate, and grow, and yet so many of these companies never think of using this amazing corporate asset. What is this highly valuable asset? Its own people.| Tinnelly Law
Growth through innovation/creativity. Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.| Tinnelly Law
In particular, the initial state of the company’s sales and operations planning capabilities limited their ability to account for demand variability or raw material lead times in production and distribution. Improve sales and operations and production planning.| Tinnelly Law
Saving for retirement is more important than ever. Find out 7 top retirement savings goals that everyone should have here. Save now to retire right!| www.myfrugalfitness.com
Have you seen the meme of the guy on a bike who puts a stick in his spokes and then crashes? There are literally hundreds of different versions based on this goofy comic. For instance...| How to Money
Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those financial players long-sought access to a pool of funds worth trillions.| PBS News
“Work will always be work. Some people work doing what they love. Other people work so that they can do what they love when they’re not working. Neither is more noble.” This is a quote...| How to Money
Without earning compounding interest, your money's value is wasting away each year at an alarming rate. Your one dollar today will not be able to buy the same goods in the next few decades (or months at this point), and this is because of inflation. It is inflation that is measuring the services in the economy and the measures of average price levels in a country. This is the increase in price at a given point in time. Because of inflation results, the currency that you are holding today will...| Frugal Finance
ROBS 401k business financing has increased in popularity for business owners. Despite having "401k" in the name, you can use most retirement plans for ROBS!| Guidant
The idea behind Social Security is remarkably simple. People aren’t disciplined enough to save and invest their money responsibly. Hence, the Social Security program automatically deducts 12.4% of …| Outlook Zen
The Secure Act 2.0 gives retirees new choices to delay or even avoid tax on Required Minimum Distributions from their IRA, 401(k) accounts.| This Retirement Life - Information and inspiration for making the most of you...
The contribution and income limits for workplace retirement plans, Traditional and Roth IRA, FSA, and HSA will go up in 2025 to adjust for inflation.| The Finance Buff
