Preparing for retirement is extremely important; but, with most traditional pension plans phasing out rapidly, citizens are taking up the responsibility to fund their own retirement. This is a good move considering the fact that they will benefit from the advantages of participating in a retirement plan. Workers are beginning to rely solely on retirement … Read more
A Safe Harbor 401k plan is a type of 401k plan with added benefits for the individual. The main difference of the safe harbor 401k plan is that it allows for individuals to contribute towards the retirement plan from their own salaries. The employers can contribute matching amounts to the plan for the employees. The … Read more
There are many people who ponder on the question “what is an IRA?”. IRA is an umbrella term that is used for all retirement plans that provide tax advantage for retirement savings in the United States. IRA itself stands for individual retirement account or it could even mean individual retirement arrangement. These tax saving plans … Read more
