Why It’s Important To Offer Retirement Plan Benefits To Your Employees

May 13, 22 Why It’s Important To Offer Retirement Plan Benefits To Your Employees

Posted by in Financial Advisor

Employees have a lot of retirement options to choose from today. They can go for a pension, 401k, IRA, and many others. But the most popular choice among them is the company retirement plan. It’s important for companies to offer company retirement plans to employees because it will help in attracting and retaining a talented workforce by giving them more financial freedom and flexibility. What Are The Types Of Plans To Offer? A 401k corporate retirement plan is a type of retirement plan that is sponsored by an employer. The 401k corporate retirement plan allows employees to contribute to their retirement savings on a tax-deferred basis. There are different types of 401k corporate retirement plans you can offer your employees, including: Traditional 401k Corporate Retirement PlanRoth 401k Corporate Retirement PlanSIMPLE IRA Corporate Retirement PlanSEP IRA Corporate Retirement Plan How Much Does It Cost To Start Corporate Retirement Plans? The costs associated with starting a corporate retirement plan will vary depending on the size of the company and how many employees are enrolled in it. But generally, it costs less than $500 for an employer to start a retirement plan. Retirement is a significant milestone in one’s life. It should be a time when people can enjoy life without any worries and responsibilities. However, retirement can also be a stressful time for people who are unprepared. The company retirement plan is one of the best employee benefits that an employer can offer to their employees. Be the first to...

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Use an Idaho Company To Open a Self Directed IRA Real Estate Account

Dec 08, 21 Use an Idaho Company To Open a Self Directed IRA Real Estate Account

Posted by in Financial Advisor

If you’re like most individuals, purchasing stocks and bonds is the typical action you’ll take to plan for retirement. Unfortunately, only purchasing and holding these types of traditional investments can leave you in a riskier position than you might like. Diversifying your portfolio with a self-directed IRA real estate option may be a better path to take. It provides tax advantages that you can’t get with traditional investments. Diversifying Your Portfolio With Real Estate Can Be Beneficial A top advantage of using a self-directed IRA real estate option is its ability to provide you with diversification. Using this investment vehicle allows you to place funds in residential or commercial properties and real estate investment trusts. Doing so is a top-notch way to offset stock and mutual fund investments if they ever have problems. Providing Tax Advantages Another benefit you’ll discover when investing in property is the tax advantage it provides. Upon retirement, you won’t have to pay taxes on earnings you withdraw. The initial contributions you make is done by utilizing after-tax dollars. Taking action early can be beneficial in the future when you utilize this strategy in your portfolio. Get Assistance From an Experienced Financial Planner If diversifying your retirement portfolio with nontraditional investments is foreign to you, you may want to get assistance from an experienced financial planner. They handle these strategies regularly and can guide you through the process efficiently. When you’re ready to get started, you’ll need to identify the property you’d like to purchase and then complete and return a Real Estate Purchase Kit to the company that’s helping you. Be the first to...

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3 Ways To Add To Your Retirement Savings Without Working More

Jul 27, 21 3 Ways To Add To Your Retirement Savings Without Working More

Posted by in Financial Advisor

The older you are when you start planning for retirement, the more important it is to maximize what you are contributing to your plan. Matthew Dixon, a Registered Financial Consultant, recognizes that not all individuals and couples start retirement planning in their 20s and 30s, but there are options for those in their 40s and 50s to create a solid retirement plan. This can be done without having to take on an extra job in Seneca, SC. In fact, after meeting with Matthew Dixon, you may just need to make some basic changes to add to your retirement portfolio and saving plan. Maximize Contributions to Matching 401(K) Plans If you are working for an employer that offers a matching 401(K) plan, start contributing up to the maximum to double your deposit into the account. While you will not have the years of compound interest, the doubling of the maximum investment can add significantly over even a few years. Diversify your Portfolio Having a wealth management and investment strategy that includes a diversified portfolio is critical for anyone. Matthew Dixon can review your current income strategies, wealth management, and asset protection to ensure you have a diversified portfolio to reduce the impact of any decrease in the value of assets. Have a Plan A constant source of retirement savings loss for many in Seneca, SC, is the lack of a long-term, strategic, structured retirement plan. Without a plan, people swing their investments and savings with the markets, resulting in losses that can reduce the value of your retirement savings and limit your ability to retire on time. Be the first to...

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The Problem With Do-It-Yourself Retirement Planning

Jun 21, 21 The Problem With Do-It-Yourself Retirement Planning

Posted by in Financial Advisor

Many people in Seneca, SC, consider retirement planning as a simple process of saving up a specific amount of money for their senior years. While this is the basics of retirement planning, there is much more to consider than this. Registered Financial Consultant Matthew Dixon helps individuals and couples create a customized retirement plan to provide them with the income they need to live their best life. Unfortunately, common mistakes in do-it-yourself retirement planning lead to problems with finances in the future. Working with Matthew Dixon to create a customized retirement plan eliminates the problem with the three common mistakes people make with do-it-yourself retirement strategies. Failing to Plan for Future Healthcare Needs According to various studies done by AARP and other organizations, as many as 40% of people in long-term care are between the ages of 18 to 64 years. Approximately 70% of adults in the United States over 65 will use long-term care facilities, with 20% of those needing the services for more than five years. Matthew Dixon helps clients in Seneca, SC, to have the insurance coverage and the wealth protection strategies in place to cover the costs of this type of care. Not Considering Inflation The rate of inflation varies from year to year, with the anticipation of a slight upward trend over time. While the approximate average of 2% may not seem much, it decreases the actual value of your retirement savings. Not Creating Income Through Retirement Creating passive income through investments in retirement is a strategic way to lower taxes and to ensure you have the money required. Working with a retirement advisor creates the portfolio to provide this future income. Be the first to...

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Discussing Plans with Whole Life Insurance Agents in Bangalore

Oct 29, 20 Discussing Plans with Whole Life Insurance Agents in Bangalore

Posted by in Financial Advisor

Whole life insurance is a type of permanent or “cash value” life insurance that provides benefits for the “whole” of your life (versus term insurance that only lasts for a specific period of time). Some companies offer dividend paying whole life insurance policies which means the policies pay dividends. These policies are also known as participating whole life insurance, because the policy owners participate in the profits generated by the company, by receiving dividends. Whole life policies have a guaranteed, pre-set annual cash value increase. These guaranteed increases are based on a “worst-case” financial results scenario projected by the insurance company. In a participating policy, at the end of the year, the company does an accounting of the death claims paid, their earnings, and the expense of running the company and the premiums it collected. If they did better than their worst-case projection, they pay the policy owners a dividend. Dividends are not guaranteed, however some companies have paid them every single year for over 70 years. The formula that each top life insurance agent in Bangalore uses to calculate the dividend it credits to any given policy is based on a complex formula, but this example of the growth of dividends in an actual policy may help… Check out the progression of the annual dividends that have been credited to an actual policy – one which was started in 2005. This is one of numerous whole life policies my family owns. The dividends we received were in addition to the guaranteed annual cash value increases we’ve received every year. As you can see, in all but two out of 14 years, the annual dividend credited was larger than the year before. You probably remember the major market crash of 2007-2009 during which the S&P 500 lost 57%. But this policy, like all whole life policies, has just kept chugging along, blissfully oblivious to the Wall Street roller-coaster ride: YearDividend Credited (Rounded to nearest dollar) 2006 $1,694 2007 $3,109 2008 $6,459 2009 $6,707 2010...

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