by Jacob Millican | Nov 3, 2021 | Investment, Retirement, Small Business
So far we have discussed profit sharing plans and 401(k) plans. We learned that profit sharing plans are the backbone of all defined contribution plans. We also found out that 401(k)s can give business owners even more flexibility with employer contributions. But...
by Jacob Millican | Oct 13, 2021 | Investment, Retirement, Small Business
As a business owner, there are few tax advantages greater than a good retirement plan. What makes a retirement plan good or bad? In short, Plan Design. If your plan design doesn’t match your companies needs, it will always feel like meh! In our first...
by Jacob Millican | Sep 30, 2021 | Investment, Retirement, Small Business
Whether you already have a retirement plan or you are thinking of adding one to your business, knowing your plan design options will make sure you’re maximizing every benefit. I have talked about cash balance plans before. But over the next couple of months I...
by Jacob Millican | Aug 2, 2021 | Financial Planning, Retirement
Divorce is not only taxing emotionally and physically, but it can take a toll on both parties financially as well. You and your spouse will need to make decisions that not only affect you right now but also in the future. When it comes to the financial impact, here...
by Jacob Millican | Jul 21, 2021 | Retirement, Small Business
As an employer, offering a 401(k) to your employees is a great way to retain a motivated workforce while attracting new talent. But, like most retirement vehicles, there are some legal points to keep in mind. First, by offering a 401(k) to your employees, you...
