The New Roth Catch-Up Rule is a Big Change for Savers
The SECURE 2.0 Act, enacted in late 2022, introduced dozens of updates to modernize the retirement savings system. While many provisions focus on expanding access and flexibility, one change in particular has drawn significant attention: the upcoming Roth catch-up requirement. This provision alters how older, higher-earning workers can contribute to their employer-sponsored retirement plans, with […]
Financial Planning Doesn’t Have to Be Intimidating
When people hear the words “financial planning,” it’s common for nerves to set in. Many assume it’s going to take too much time, cost too much money, or just be too overwhelming. But from my perspective, financial planning isn’t intimidating. I like to think of it the same way I think about an annual health […]
Will Your 401(k) Pass Non-Discrimination Testing?
If you offer your team a 401(k) plan, you already know how valuable it is for attracting and keeping great people. But did you know the IRS has rules to make sure these plans don’t just favor owners or top executives? That’s where nondiscrimination testing (commonly referred to as ADP/ACP tests) comes into play. Failing […]
Convert Your SIMPLE IRA to a Safe Harbor 401(k)
The dog days of August bring us annual events with summer winding down, kids getting ready to go back to school, football games right around the corner and…Safe Harbor season in the air! The 2025 Safe Harbor season is even better since companies are now allowed (since 2024) to switch from a SIMPLE IRA to […]
Get to Know the SECURE 2.0 Tax Credits for Small Businesses
If you, like many other business owners, have ever considered offering a 401(k) at your company but hesitated because of cost, it might be the time to reconsider. Thanks to the SECURE Act 2.0, the government is offering major tax credits that can reduce or even eliminate the costs of starting and running a retirement […]
Your Guide to Key 401(k) Responsibilities and How to Make It Easy
If you’re thinking about offering a 401(k) plan to your employees, you’re already on the path to being a workplace hero. But let’s be real—sponsoring a 401(k) comes with some serious responsibilities. Don’t worry, though! I’m here to break down 7 key areas you need to know about in a way that’s easy to digest, […]
2025 401(k) Contribution Limits Explained
Saving for retirement is one of the most important—and often overwhelming—financial goals. For those using a 401(k) to build their nest egg, the Internal Revenue Service (IRS) sets annual contribution limits to help you maximize your savings while adhering to federal guidelines. Each year, these limits are adjusted, typically as a response to inflation and […]
Understanding the Student Loan Match Feature in 401(k) Plans
As student loan debt continues to affect millions of Americans, employees are facing the challenge of managing financial burdens while still saving for retirement. The introduction of a student loan match feature in 401(k) plans presents a viable solution that has a lot of potential, especially for a younger workforce. What is the Student Loan […]
GO-Starter vs. State-Offered Retirement Programs: What’s the Difference?
When it comes to retirement planning, having a reliable savings strategy in place is key to ensuring financial stability for the future. However, with the variety of retirement plans available today, it can be difficult to choose the right one for your needs. Two prominent options for businesses and individuals are 401GO’s GO-Starter plan and […]
The Value of Including a Financial Advisor within a Retirement Plan
I have been in the financial services industry for my whole career (27+ years) and have had the pleasure of working at some of the greatest companies in the world (Morgan Stanley, UBS, Fidelity Investments, DriveWealth and now 401GO). It all started when I was a financial advisor at Dean Witter (now Morgan Stanley). The […]