Profit sharing plans can help provide financial security in retirement for employees while giving employers a motivational tool to attract new talent. Also referred to as a deferred profit sharing plan (DPSP), this plan involves giving employees a share in the profits of the company they work for.
Every parent wants to see their child succeed. Providing your child with a chance at higher education can help ensure that they follow a career path they are passionate about. A 529 college savings plan is an effective way to save for your child’s future while also providing mom and dad with key
If you need advice or guidance regarding your financial investments, then you need to speak with an investment management consultant. An investment management consultant provides a number of services to individuals and businesses who wish to alter or reach their financial goals. In addition to
Saving for retirement is a top priority for many employees. However, while having a hefty savings account can be beneficial for retirees, it is often not enough to live comfortably. Participating in a 401k retirement plan is one of the best ways employees can prepare for retirement with help from
As a business owner or employee responsible for a company’s retirement offerings, you may be familiar with profit sharing plans. Also known as deferred profit-sharing plans, these defined contribution plans provide employees with a share of a company’s profits. The employer is responsible for
Building a 401k can have major advantages over traditional IRAs when it comes to retirement savings. If you have recently started a new job and are planning to sign up for your company’s 401k plan, you might be contemplating how much to contribute. While the short answer is that you should