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Maximize Your Retirement Savings To Help Secure Your Financial Future
Here are 7 things you can do right now!
While there are some who become 401(k) millionaires by the time they hit 65, and others who are “Super Savers,” willing to live ultra-frugally in order to max out their retirement contributions now to have a more comfortable retirement later, most of us seek to balance quality of life now with saving for a good quality of life later.
Here are some do’s and don’ts you can think about to make the most of what you are…or should be…doing now. Read More »
January 1st Enrollment Reminder!
January 1st, 2019 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 along with 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.
Retirement Benefits Slated to Increase in 2019
As of 2019, retired Americans who collect Social Security recipients will get the biggest COLA bump in seven years. Retirement benefits are slated to rise 2.8% next year, based on the formula that determines annual cost-of-living adjustments in Social Security. It’s the biggest gain since a 3.6% advance in 2012. Read more from Jeffry Bartash here.
“Wait A Minute, I Thought You Had Retired?”
As the labor pool tightens up, some employers are re-hiring their retirees. Learn why from Claudia Dreifus here.
Think You’re Too Old to Start a New Gig?
These “encore entrepreneurs” are starting new companies in their 50s and 60s! Learn more from Winnie Hu here.
Thinking About Buying a Home?
If you’re raiding your 401(k) for the down payment, you’re probably not ready. There are better ways to do it. “Millennials are so eager to become homeowners that some may be inadvertently cutting off their nose to spite their face,” one expert said. “With careful financial planning, millennials can have it all — the dream home today, without compromising their retirement security tomorrow.”
Read more here.
