Sunwook Jin, CFP®, CRPC®, CMFC®, EA The Internal Revenue Service (IRS) announced new contribution limits for 2022. While some limits stayed the same there were some changes to note. We’ll go over some here but be sure to keep an eye out for our yearly Tax-at-a-Glance handout that is always handy to have. Let’s start … Continue reading 2022 Contribution Limits Announced
Sunwook Jin, CFP®, CRPC®, CMFC®, EA Your workplace retirement account can play a critical role in your overall retirement strategy, especially with the dwindling of pensions offered by companies. Some people have excelled at putting money into their retirement plan at work and have found themselves at a commonly heard milestone. CNBC reported on findings … Continue reading 401k Millionaires
Sunwook Jin, CFP®, CRPC®, CMFC®, EA You probably read this headline and immediately thought to yourself, “I have always been told to contribute to my 401k.” You wouldn’t be wrong; you have heard that a lot. In fact, we tell our clients that frequently. However, like any “blanket statement” you hear, it’s important to drill … Continue reading When Should I NOT Contribute to my 401k?
Helen Hartman, CRPC®, PPC®, CPFA The financial world is notorious for acronyms and vocabulary thrown out in general conversation with the assumption all know what they mean. “ Benchmarking a plan” is exemplary of this situation. The term/phrase is used frequently and often times the individual responsible for the 401(k) retirement plan has no idea … Continue reading What does Benchmarking a 401(k) plan mean?
Bill Gordon, AIF® On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. If you have any questions, reach out to us at Redwood. These limits are listed at http://www.irs.gov. 401(k)s. The salary deferral amount … Continue reading 2021 Limits for 401k, IRA and Roth IRA
Helen Hartman, CRPC®, PPC®, CPFA Have you ever wondered what a 401(k) is but are afraid to ask? Since 401(k) retirement plans are a frequent benefit offering in today’s world, many people hear the term but are not always sure what it means. You are not alone. A 401(k) is a tax qualified retirement account … Continue reading What is 401(k)?
Helen Hartman, CRPC®, PPC®, CPFA Does your employer offer a retirement plan option? Do you contribute to it? Do you understand how it works? I have experienced much confusion about a 401(k) plan. If your employer provides one, or if you are an employer considering adding one, look over this quick guide for common areas … Continue reading Quick Guide: 9 Points You Better Know About Your 401(k)
Billy Hope, MBAWealth AdvisorRedwood Financial NetworkSolon, Ohio Insurance is a common hot button for people. We know we should have it, we’re just not sure why? The life insurance conversation, while being a tough one, is a conversation that we conceptually understand. If I am not here anymore, my family needs “insert need/amount here”. The … Continue reading Protecting Your Biggest Asset
Helen Hartman, CRPC®, PPC®, CPFA Providing a Retirement Plan for the employees of your business can be confusing. The responsibilities of running a business is complex enough without adding additional concerns and duties. The role of a Financial Advisor for your plan is integral in the proper running of the retirement plan. The team helping … Continue reading Does the Financial Advisor on your company’s 401k retirement plan provide these 5 important services?
By Helen Hartman, CRPC®Director of Retirement Plan ServicesRedwood Financial Network, Solon, Ohio As a small business owner, there is a long list of financial decisions that you need to make on a daily basis. One of the most important decisions is figuring out how you will plan your retirement and the offerings of retirement accounts … Continue reading 3 Retirement Plans Every Small Business Owner Needs To Know About