A 529 college savings plan is an excellent option for financing future education costs. It also offers serious tax benefits. Legally referred to as “qualified tuition plans,” these tax-advantaged savings plans are generally sponsored by states, educational institutions, or state agencies. They are
As a small business owner, you have a lot on your plate. While setting up an employee retirement plan may seem like another major responsibility, offering a retirement plan can actually provide a number of benefits to both you and your employees. A quality retirement plan allows you to invest money
Are you considering opening a retirement account? Good choice. These days, most seniors cannot get by on Social Security alone. Building up a safety net via a retirement plan is a wise choice for mature adults who want to be comfortable as they live out their golden years. However, planning for
Most people understand the value of life insurance. In fact, about 60 percent of people in the U.S. were covered by some form of life policy in 2018. Whether you are young, old, single, or married, having adequate life insurance can provide ample protection for your family if you should pass
Deferred compensation plans have grown considerably in recent years. Changes in the job market have encouraged employers to look for new ways to retain talented employees by providing appealing benefits. In its simplest terms, deferred compensation is an arrangement between an employer and employee
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.