Alchemi Wealth LLC’s Post

Managing Assets Within the Plan This PLANADVISER In-Depth story considers the new ways financial advisers are seeking to manage participant 401(k) accounts before they’ve rolled out. https://bit.ly/3Kuk0HV

Financial Advisors - this is a reminder to take a look at your current SIMPLE IRAs and discuss upgrading to a 401(k) Plan for 2025. Biggest differences: ✅ go from a 3% match to a 3.5% match (QACA safe harbor) - depending on goals ✅ increased limits ($16,000 ➡️ $23,000) ✅ Roth contributions ✅ discretionary profit sharing/employer contributions we can put up to a 6 yr vesting scheduling (great way to retain) To get in place for a clean cut 1/1/2025 start, we need to get things going in the next few weeks. Here to help with the entire process and plan design. bkelly@nova401k.com #401k #401kplans #simple #nova401k #retirementplans #plandesign #smallbusinessowners #businessowners #ceo #business #401kadministration #tpa

💡The Frugal Fiduciary's Tip of the Week💡 “To lower your 401(k) fees, you may need to replace your plan provider. This move can seem daunting until you understand the process and the pitfalls to avoid.” Read more about how to replace your 401(k) provider here: https://hubs.ly/Q02mnS_v0 #401k #smallbusiness #retirementplanning

A common word that I've noticed can trip clients up is 'Roth'. 'Roth' is commonly used as a shorthand for Roth IRA. While helpful, it's inaccurate. 'Roth' is really just a descriptor that refers to "after-tax" $$. So, it's relevance extends outside Roth IRAs. You can have a Roth 401(k). In this case, the rules around a Roth 401(k) follow the rules for 401(k) plans, not the rules for Roth IRAs. And yes, you can contribute to both a Roth IRA and a Roth 401(k)!

Do you work at Google, Netflix, Microsoft, Stripe, Amazon or Nationwide? Did you know that your 401k plan allows mega backdoor Roth contributions? Not sure what that is? Schedule a time with me to learn more! #google #netflix #micrsoft #stripe #amazon #nationwide #financialadvisor #financialplanning

Curious about how your 401(k) stacks up? Check out the following article to see where you stand!   https://lnkd.in/gpxM2VY8   #401k #investing #srpretirementgeeks https://lnkd.in/gpxM2VY8

Use this calculator to help compare employee contributions to the new after-tax Roth 401(k) and the current tax-deductible 401(k): https://bit.ly/4cWDDof #LegendLakewood #FinancialAdvice #Retirement

Curious about the Roth 401(k)? In this blog, we discuss everything you need to know -- from contribution limits to tax-free distributions. Whether you're already contributing or just exploring your options, we can assist you. Have questions or experiences to share? Contact us for more info!

How long have you been saving money in your 401k? I bet you have sacrificed a lot to have that money set aside, long hours, saying no to events you wanted to attend. You did it to be able to retire comfortably right? So think about this, you spent all these years saving that money and working, but you won’t take the time to protect that money so you don’t lose it? For those of you currently contributing to your 401k or having an old 401k you wish to roll over, there are other options out there to help protect your money, Now don’t get me wrong, I am not saying don’t have a 401k, no no. There are benefits that the 401k has, especially if the company is offering matches to your contributions, that’s free money into your account! Who doesn’t like that? Let’s say you have maxed out your 401k or if you only want to contribute a certain amount and you have some other money left over you wish to put aside, if you found a plan that was a liquid asset that would safely earn you returns, would that be something you’re interested in? If you have any questions, let’s talk. I would love to serve your family. https://lnkd.in/g89WHweS #financeforbeginners #401k #401kplan #403b #457b #401kplanning #workathome #financegoals

General questions about a 401k rollover? Take a quick read below. #finance #financialsuccess #financialadvisor #fiduciary https://lnkd.in/ghAiVHM2