by David Gensler | Dec 10, 2024 | article
Margaret, the president of her company came into my office one late November morning feeling great! “We had another good year and I was going to write holiday bonus checks for everyone. This year we’ll be giving out bonuses equal to 7% of our employees’ annual pay....
by David Gensler | Nov 26, 2024 | article
Geoff came into my office looking concerned. “David, I heard something about mandatory automatic enrollment for retirement plans starting in 2025. Is that true?” “Hi, Geoff. And yes, you’re right. Starting in 2025, most new 401(k) or 403(b) plans will be required to...
by David Gensler | Nov 5, 2024 | article
Hector asked me if it would be possible to make an early withdrawal from his retirement plan. He’s a small consultant and though he does well overall, his income tends to “roller-coaster” as he works on one project and then sets up a new one. “I’ve been saving for...
by David Gensler | Oct 1, 2024 | article
At my last SHRM chapter meeting, I found myself engaged in conversation with several HR managers who were responsible for managing their companies’ retirement plans. I was surprised to discover that none of the professionals at my table were aware of how dramatically...
by David Gensler | Sep 3, 2024 | article
A client booked a meeting with me last week to discuss a question about an inherited IRA. Our conversation shed light on how to avoid potential pitfalls and make the most of the inheritance. “I just inherited my great aunt Harriet’s IRA. Free money is good but how do...
by David Gensler | Aug 6, 2024 | article
Like many business owners, Jack put his spouse on the payroll during COVID—and she’s still there. “It started as an emergency measure,” he explained, “but I don’t think I could have grown the business this way without her. But we’re on the same payroll. How does this...
