David Roberts, ChFC, MBA, PMP, EA’s Post

If you are a freelancer or business owner with no employees, consider the 'Owner Only 401K' as your retirement plan option. This is a traditional 401K plan that goes by many other names including One Participant 401K, Individual(k), Solo 401(k), EZ-K, etc. The main benefit is the much higher contribution limit than a traditional IRA. In 2024, participants (you) can defer $23,000 in income, plus the business (also you) can contribute 25% of income up to a total max of $69,000 in pre-tax contributions. This max is considerably higher than the 2024 Traditional IRA limit of $7,000. Choosing the right account type can help propel your retirement savings and defer taxes. https://bit.ly/47RT26L

What is a Starter 401(k) Plan? CUI Wealth Management recently published an article on this. Here is a summary. Are you a small business owner looking for a cost-effective way to offer your employees a retirement plan? If so, you may be interested in learning about the recently introduced "Starter 401(k)" plan. This option is designed to help small companies provide a retirement plan to their employees without breaking the bank or getting bogged down in complex administrative tasks. One of the main benefits of these plans is that eligible employees are automatically enrolled, with contribution limits up to $6,000 and a $1,000 catch-up contribution for those over 50. However, it's important to note that Starter 401(k) plans have limited plan design flexibility compared to traditional 401(k)s. For example, they only allow for elective deferrals and don't offer the option for employer contributions. If you're interested in exploring retirement plan options for your small business, be sure to check out the article for more details on Starter 401(k) plans and compare this to other available options like SIMPLE IRAs, SEP IRAs, and traditional 401(k)s. #RetirementPlanning #SmallBusiness #401k #HR #CUIWealth #CUIBenefits #CUIAgency

Providing your employees with the opportunity to save through a 401(k) retirement plan is a valuable benefit that helps them build financial security for retirement. Any company that provides a 401(k) needs to be aware of mandatory government compliance tests that ensure a company's plan does not discriminate in favor of highly compensated or key employees. Compliance testing ensures that companies administer their 401(k) plans fairly and equally, in accordance with the rules established by the Employment Retirement Income Security Act (ERISA) of 1974. https://ow.ly/g6Fv50SueKE #401k #403b #Pensionmark #orangecounty #oc #retirement #planadviser #fiduciary #retirementplanning #financialplanning #pension

Contributing to a 401(k) or similar plan is an important step to a comfortable retirement. And if your employer matches your contributions, even better. Just keep in mind the IRS has limits on the amount you can contribute each year. Learn more:  #401k #retirement

What is a Starter 401(k) Plan? CUI Wealth Management recently published an article on this. Here is a summary. Are you a small business owner looking for a cost-effective way to offer your employees a retirement plan? If so, you may be interested in learning about the recently introduced "Starter 401(k)" plan. This option is designed to help small companies provide a retirement plan to their employees without breaking the bank or getting bogged down in complex administrative tasks. One of the main benefits of these plans is that eligible employees are automatically enrolled, with contribution limits up to $6,000 and a $1,000 catch-up contribution for those over 50. However, it's important to note that Starter 401(k) plans have limited plan design flexibility compared to traditional 401(k)s. For example, they only allow for elective deferrals and don't offer the option for employer contributions. If you're interested in exploring retirement plan options for your small business, be sure to check out the article for more details on Starter 401(k) plans and compare this to other available options like SIMPLE IRAs, SEP IRAs, and traditional 401(k)s. #RetirementPlanning #SmallBusiness #401k #HR #CUIWealth #CUIBenefits #CUIAgency

Contributing to your employer’s 401(k) plan: How it works If you’re fortunate to have an employer that offers a 401(k) plan, and you don’t contribute to it, you may wonder if you should participate. In general, it’s a great tax and retirement saving deal!

Contributing to a 401(k) or similar plan is an important step to a comfortable retirement. And if your employer matches your contributions, even better. Just keep in mind the IRS has limits on the amount you can contribute each year. Learn more:  #401k #retirement

Attn: Small Business Owners and HR reps!!! Are you winning the War on Talent? Differentiating yourself through your benefits (Retirement plan) can make a world of difference. Is it time to shift to a 401(k) from your SIMPLE IRA? Or if you arent offering a retirement plan, which makes the most sense? I would love to discuss this with you if you have questions. CSi Advisory Services Midwest-East

While traditional 401(k) plans have long been a staple in retirement planning, the benefits of Roth 401(k)s are not as widely known. This article guides you through the innovative features and advantages of Roth 401(k)s, empowering you to make informed decisions about securing your financial future. https://lnkd.in/e2zZXwCr

Contributing to a 401(k) or similar plan is an important step to a comfortable retirement. And if your employer matches your contributions, even better. Just keep in mind the IRS has limits on the amount you can contribute each year. Learn more: #401k #retirement