More Provisions For Retirement Funds
A Roth conversion option, which allows a worker from any one of three qualified retirement savings plans or accounts to rollover his assets into an internal or in-plan Roth IRA, is just one of the provisions of The Small Business Jobs and Credit Act that permits workers who have 401Ks, as well as employees enrolled into government-provided 457 plans and 403Bs to bulk up their retirement funds. Signed in September of 2010, the move will be possible for retirement savers as soon as the beginning of the following year. With this, employees can save more for retirement after taxes because they can avoid rolling over assets into an outside Roth account.
Anne Arvia, retirement plan senior vice president says that legislation of this sort he... Read More
Texas Health Insurance Benefits
Every small business in Dallas, Houston and throughout Texas wants to attract high quality individual employees who will contribute to the growth and success of the company. In order to recruit and retain these people, many larger business owners offer health insurance coverage, specifically group health, as an employee benefit.
If your company is small, especially if has ten or fewer employees, there are still ways to offer your employees health insurance coverage. In most states, insurance companies which offer small group health insurance plans are required to accept any employer group of two to 50 employees, provided the employer agrees to insure 100% of the eligible employees.
Before you can offer any health insurance coverage, you must ... Read More
New Year Resolutions for Your Finances
Start off the new year right. Make these resolutions for your finances.
One of your new year’s resolutions may be to take your relationship with money more seriously. Here are 7 resolutions for your finances you can make right now to take more control of your money.
1. Make an early contribution to your IRA, 401k, Roth IRA, or other retirement plan for the calendar year and tax year 2012.
2. With your bookkeeper and accountant, there are 2 resolutions for your finances. Call your bookkeeper and ask him/her to update your books through 12/31/2011 as soon as possible. Then, schedule a meeting with your accountant to review your tax liability. Don’t wait till March to do this. Get ahead and stay in control.
3... Read More
Retirement Funds Getting Ready For Retirement
You can take charge of the life that you will live even way beyond your productive years. It is, in fact, more important for you to make sure that you have an alternative income source when the time comes when you are no longer physically capable of earning an income. Setting up a retirement fund either by yourself or with the help of a retirement planning consultant would be the best thing that you can do today to prepare for your retirement. If you are employed in a company that has a good 401k program, this is one of the best tools that you can take advantage of especially if your employer has a matching contribution and if the 401k is well-founded on good investment principles... Read More