Leverage Your 401(k) to Build Roth Earnings
Many investors are familiar with the “Backdoor Roth” IRA, which is an indirect way to contribute to a Roth when they are not eligible to contribute directly due to income limitations on Roth investors. Even in those circumstances, some investors can take advantage of a lesser-known Roth contribution dubbed the “Mega Backdoor Roth.” It’s called …
Read moreThe House Passes the SECURE Act
Many Americans do not have enough saved for retirement, with only 51% of workers having access to a work place retirement plani. In an effort to bridge the savings gap, a number of bills have been introduced to Congress this year. The Setting Every Community Up for Retirement Enhancement Act of 2019, known as the …
Read moreManaging Your Money in a Gig Economy
According to the Bureau of Labor Statistics, 16.5 million people rely on contingent or alternative work arrangements for their income.1 Often referred to as the “gig economy,” these nontraditional or contingent work arrangements include independent contractors, on-call and temp agency workers, and those who sign up for on-demand labor through smartphone apps. If you are …
Read moreHow Does Your Employer’s Retirement Plan Compare?
Each year, the Plan Sponsor Council of America (PSCA) surveys employers to gauge trends in retirement plan features and participation. Results are used by employers and plan participants to benchmark their plans against overall averages. How does your plan compare to the most recent survey results, released at the end of 2018?1 Participation and savings …
Read moreBusiness Owners: What’s Your Plan for Retirement?
Business owners often put their heart, soul, and nearly all of their money into their business. When it comes to retirement planning, business owners should not rely on selling their business as their only means of a nest egg for retirement. Many things can happen along the way, an owner may become ill and have …
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