Retirement Plans and your Dental Practice – Weighing the Options
A retirement plan for your practice is essential to the long-term retirement goals for you and your employees. Those practices that have a plan in place and contribute on a consistent basis give the best opportunity for retirement success. A … Read more…
Guidance for Business Owners Selecting a Retirement Plan
If you’re a business owner, establishing a retirement plan can provide a number of benefits — to you, your business, and your employees. Not only does a retirement plan provide you and your employees with an accessible and cost efficient … Read more…
What Is a Roth 401(k)?
While many people are familiar with the benefits of traditional 401(k) plans, others are not as acquainted with Roth 401(k)s. Since January 1, 2006, employers have been allowed to offer workers access to Roth 401(k) plans. And starting in 2023, … Read more…
QACA – The Other Safe Harbor Plan
With the retirement plan changes initiated by the recently passed SECURE Act 2.0, a plan design type that has been little used in the past is now getting a lot more attention. The Qualified Automatic Contribution Arrangement plan, or QACA, … Read more…
2024 Retirement Plan Contribution Limits, Phase-Out Ranges, and Income Limits
The IRS has released 2024 inflation-adjusted contribution limits, phase-out ranges, and income limits for various retirement accounts. (IRS Notice 2023-75) Contribution Limits 401(k), 403(b), and most 457 plansFor 2024, the amount an individual can contribute to a 401(k), 403(b), and … Read more…
Next Round of OregonSaves: Is It Right for You?
On December 15, 2018, the State of Oregon will implement its next round of private company retirement plan requirements. Companies with 20 to 49 employees will be required to auto-enroll all employees who do not currently have a retirement plan into the OregonSaves retirement program…
Should Your 401k Plan be a Safe Harbor 401k Plan?
Business owners generally intend to fund the annual deferral dollar limit when they establish a 401(k) Plan. In 2018, the IRS tax code allows deferrals of $18,500 for participants under age 50 and deferrals of $24,500 if age 50 or … Read more…
Teens in your family with summer jobs? Set up IRAs for them!
Teenagers’ retirement may seem too far off to warrant saving now, but IRAs can be perfect for teens precisely because they’ll likely have many years to let their accounts grow tax-deferred or tax-free. The 2015 contribution limit is the lesser … Read more…
