January 1st Enrollment Reminder!
It’s already that time of year?!
January 1, 2023 enrollment is around the corner. That means that now is the time to review your employee payroll records to determine which employees will be eligible as of that date. Each newly-eligible employee must be given an enrollment package, summary plan descriptions, and the required 404a-5, safe harbor, default investment notices as applicable. PLEASE NOTE: even if an eligible employee has decided not to participate in the plan, the employee must still complete an enrollment form reflecting this decision.
Our office is always here to assist you in the enrollment process. Please contact us if you need any enrollment materials, guidance as to who is eligible, or if you would like us to meet with your employees.
Don’t Let Market Fluctuations Derail Your Plans
Saving For Retirement Means That You’re In It For The Long Haul
Long-term investing is just that – investing for the long-term. Although the market may experience a lot of ups and downs in the short term, history has shown that the longer you hold your investments, the more they grow and the more stable your returns generally become. Holding steady today may help you maximize your wealth in the future. Download a brief explainer of how and why this works.
It’s Here: The Biggest COLA Increase In Decades!
About 70 million Americans will get a 8.7% increase in monthly Social Security benefits and SSI payments starting in 2023. Read all about it here.
There’s Still Time!
If COVID delayed your tax filing plans for 2019 and 2020, you still have until 10/17/22 to get them in without a penalty, according to Andrew Keshner. Read more.
Tough Times For Retirement Savings Goals
If it’s feeling especially challenging to stick to your retirement savings goals, you’re not alone. Read more from Sharon Epperson.
