Archive for the ‘Retirement’ Category

Effective Plan For Your Better Retirement Life

Effective Plan For Your Better Retirement Life 5.00/5 (100.00%) 2 votes The most expensive and complicated retirement plan for the self-employed, the defined benefit plan is most appropriate for someone with a mountain of money to save for retirement. Employers can save a maximum of $195,000 per year. But you need an actuary to determine [...]

What Kind Of Retirement Life You Want For?

What Kind Of Retirement Life You Want For? 5.00/5 (100.00%) 1 vote Similar to a 401(k) used at companies across the country, a Solo 401(k) lets small-business owners share the fun and benefits. The business must be very small, however, limited to the owners of the business and their spouses. The Solo 401(k) allows business [...]

Start Your Retirement Plan Now

Start Your Retirement Plan Now 5.00/5 (100.00%) 2 votes a.k.a. “Simplified Employee Pension plan” It is as easy and low cost to set up and maintain as the SIMPLE IRA. But instead of the employee making contributions to the plan with a match from the employer, the employer makes the entire contribution. Self-employed workers may [...]

Simple Plan But Comfortable Retirement Life

Simple Plan But Comfortable Retirement Life 5.00/5 (100.00%) 15 votes a.k.a.  “Savings Incentive Match Plan for Employees“ The plans are designed for small businesses with no more than 100 employees who earned $5,000 or more on the payroll for the previous calendar year. But some advisers and tax professionals think these plans are more suited [...]

Financial Freedom In Your Retirement Life

Financial Freedom In Your Retirement Life 5.00/5 (100.00%) 5 votes Next year will be the retirement year for Uncle John.   He’s been toiling in one Flint GM factory or another for 35-plus years, and he’s about done with it.   Work— tinkering with cars, boats, and home remodeling tasks— can still give him a [...]