Tag Archives: retirement planning

• 401(k) Spring Cleaning: What To Do With Your Old Retirement Accounts

  If you’re in your 30s or 40s, there’s a good chance your career path looks like a game of hopscotch. You’ve put in the years, leveled up, and likely switched jobs two or three times by now. But with every career jump, there is one thing we almost always leave behind: the old 401(k). It’s incredibly common. You start a…More ›

• Virginia Small Businesses: Big Changes Coming to Your Retirement Plan Rules

  If you run a small business in Virginia, there is a major regulatory update coming that needs to be on your radar! Virginia has officially expanded RetirePath, the state’s mandatory retirement savings program. Starting July 1, 2026, if your business has 5 or more employees (including part-time workers), has been operating for at least 2 years, and doesn’t currently offer…More ›

• Working for yourself? Don’t leave your retirement to chance.

  When you’re self-employed, an independent contractor, or running a small business, you wear every single hat. You’re the CEO, the marketing team, the customer service rep and the head of HR. Because you don't have a corporate HR department handing you a 401(k) matching plan, saving for retirement easily falls to the bottom of your to-do list. But there is…More ›
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  The 4 Biggest Financial Fears About Retirement and How to Overcome Them

  There’s no secret that it can take decades to plan for retirement, and during your retirement years, you want to be able to enjoy your hard-earned savings. That said, that time leading up to this new phase in life, it’s common for retirees to have concerns, such as: Will my savings last? Will I be able to collect Social Security…More ›
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  Q& A: Is a Cross-Tested Retirement Plan Right for Your Small Business?

  As a small business owner, do you offer your employees a 401(k) plan with profit-sharing benefits? If so, you're able to maintain the flexibility to make discretionary employer matching contributions to the retirement plan for yourself and your employees each year, depending on your company's cash flow and profits. Offering a 401(k) with profit sharing is a great way to…More ›
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  401(k) Plan Advantages Small Business Owners Should Know

  Why offer your employees a 401(k) plan? The answer is simple: by doing so, you're sending a powerful message that you're invested in their future and committed to helping them achieve financial security for their retirement. If you're a small business owner who's currently thinking about providing a 401(k) plan for your employees, now may be an excellent time to…More ›
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  Understanding the Difference Between Needs and Wants in Retirement Planning

  You've worked hard and saved for decades. Now, you're thinking about retiring, maybe in five to 10 years — perhaps as soon as this year. It's an exciting time, but it's also a time for careful planning as you prepare for this next important chapter in your life. There are many factors to consider: how much money you'll need to…More ›
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  Three Resolutions to Save More Money in 2020

  It’s that time of year when many people are making New Year’s Resolutions to hit the gym, eat healthier, or be more mindful. As you’re setting your own goals for this year, don’t forget about your financial wellness, particularly when it comes to saving for long-term goals like retirement. After all, your fiscal health is just as important as your…More ›
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  Plan Sponsor “Don’ts” for Managing Your Retirement Plan Investments

  In our last post, we discussed the definition and responsibilities of a small business retirement plan sponsor, as well as the top three "do's" of managing the investment options offered in your plan. As a two-part series, we'll now recap the definition of a plan sponsor and their related duties. Also, we'll describe the top three "don'ts" small business retirement…More ›
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  Plan Sponsor “Dos” for Managing Your Retirement Plan Investments

  As a small business owner, you're likely juggling multiple tasks, not the least of which includes all of the day-to-day responsibilities of running your business - payroll, accounting, sales, inventory, hiring - the list goes on. Managing your company's retirement plan may not be high on your list of priorities. However, neglecting your retirement plan is not a wise strategy.…More ›