IRA Financial Group’s Adam Bergman discusses the proposed tax plan from President Trump and the potential impact on 401(k) Plan retirement accounts and why the…
When it comes to using retirement funds to buy or finance a business that you or another “disqualified person” will be involved in personally, there…
Self-employed individuals and business owners can defer up to $53,000 and $59,000 if over 50 years old in 2015 According to an Internal Revenue Service…
Many of you out there know the importance of investing for your future, because at some point, you want to retire right? Well, there are a number of investment options you have to choose from that will allow you to invest money today so you have a nest egg of money down the road for your retirement.
A 401 (k) contribution is a savings account in the United States. that allows individuals to save for their retirement. Individuals can start to withdraw these funds after they reach 59-1/2 years of age. Restrictions may apply before that age. These types of plans were first widely adopted as savings retirement plans for workers in the U.S. at the beginning of 1980s. 401 (k) surfaced as a marginal to the traditional retirement pension that was paid by employers. Employer contributions to 401 (k) can vary, but overall the 401K was effective in shifting the burden for retirement accounts as well as savings to the workers themselves.