What is a Safe Harbor 401(k) Plan? A Safe Harbor 401(k) plan is a type of retirement plan that helps employers meet IRS nondiscrimination requirements. These plans require the employer to contribute to employees’ 401(k) accounts, which can help employees save more for retirement and ensure the plan benefits all employees, not just those with […]
Safe Harbor 401(k) Explained: 2024 Guide for Business Owners Read More »
Despite recent progress on inflation, cautious Federal Reserve policymakers now see only one rate cut this year. Key Takeaways The Fed’s Latest Decision The Federal Reserve concluded its latest policy meeting on June 12 with no change to interest rates, marking the seventh consecutive meeting without a rate cut. Resilient economic growth and above-target inflation
Fed Holds Steady as Global Central Banks Begin Rate Cuts Read More »
The Internal Revenue Service (IRS) recently extended relief for certain beneficiaries regarding required minimum distributions (RMDs) through 2024. Notice 2024-35, released on April 16, 2024, provides an extension of existing relief for beneficiaries taking RMDs over a 10-year period following the death of a participant or IRA owner who had already begun RMDs. This extension
IRS Further Extends RMD Relief through 2024 Read More »
Retirement planning is essential to securing your financial future, and individual retirement accounts (IRAs) play a pivotal role in this journey. When it comes to IRAs, there are two primary options: ROTH IRA and Traditional IRA. The decision between the two can significantly impact your retirement savings. Let’s explore the differences between ROTH and Traditional
ROTH vs. Traditional IRA: Helping You Make the Right Choice Read More »
