The Tax Benefits of Retirement Plans

Most people know that socking money away in a 401(k) is a good strategy for helping to ensure a more secure retirement. But not everyone understands the tax benefits involved — not just for participants in the plan, but also for the business owners and corporations that sponsor the plans. And although small-business owners stand to gain less than larger businesses in the form of tax breaks, these gains are often more valuable to a small business because they have less flexibility in their budgets. 

Are Small Businesses Required to Provide a 401(k) Match?

As a small-business owner, if you’re thinking about sponsoring a 401(k) plan, you may wonder about a company match. Are small businesses required to offer a 401(k) match, or is it merely an option? The short answer is no, you don’t have to provide matching contributions to your employees’ 401(k) accounts, but there are good reasons to do it anyway. Below, we discuss the pros and cons of providing employer matching contributions as part of your 401(k) plan.

401GO Raises $12M Series A to Fuel Next Phase of Growth

401GO, the next-generation retirement plan provider for employers, advisors and individuals, today announced the successful completion of its $12 million Series A funding round, led by Next Frontier Capital.

Is Offering a 401(k) Mandatory?

Many small-business owners have had high anxiety over 401(k) plans since 2017 when Oregon became the first state to mandate offering retirement accounts to employees. Small-business owners are worried they may be in violation of state laws about mandated retirement accounts, and that’s why it’s good — but not easy — to keep abreast of changes and how they affect you.

Strategies to Supercharge Your IRA & Maximize Returns

Saving for retirement is a race, and you don’t want to fall behind into that group of slackers at the back of the pack. If you think it’s all about complicated investment strategies and other nebulous concepts out of your control that you don’t fully understand, it’s not. I mean, some of it is — but a lot of it isn’t. We’re here to tell you that there are things you can do to feather your retirement nest in a fluffier way. 

How to Build a Retirement Portfolio

We think it’s safe to say that the average working person in the U.S. doesn’t know a great deal about investing. Not only that, but the topic can even provoke anxiety, most often because the cost of a mistake in this sphere can be high. If your company just began offering a 401(k) plan, or you are thinking about opening an IRA through your company or on your own, we have a few suggestions for some things you should do to make investing easier — and to get the most out of your investments.

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