SECURE 2.0: Changes to the RMD Rule

by | Mar 8, 2023 | article

“David, What’s SECURE 2.0 and how does it affect my company’s retirement plan?” The rules change and my phone rings. That’s just how things work around here. “Glad you asked, Sarah. I’ll take care of the details for you of course, but in a nutshell SECURE 2.0 is new...

Gotten Too Big? Recover Your Small Plan Advantages

by | Feb 28, 2023 | article

Two business owners, Jim and Bob, met for lunch.“Very cool how you’ve grown your company so fast,” said Bob. “Seventy-five employees! You had what—five—just a year ago?”“Thanks,” said Jim, “But that growth comes with a cost. Our retirement plan used to get us over...

The Challenges of Finding Lost Participants

by | Feb 21, 2023 | article

An employee leaves your company and they still have a balance under your retirement plan. Years go by and the former employee cannot be located. Why is that your problem? If they changed their address and never told you, why should you as the former employer be...

Is it Possible to Reduce My Income to ZERO?

by | Feb 15, 2023 | article

Here’s another one from the vault: A prospective client called me with a common question: “I’m Joe. My accountant says the maximum contribution a business owner can defer into a retirement plan is 25% of their earned income. But a friend told me that some...

You Purchased Another Business! What About Their 401K?

by | Jan 31, 2023 | article

“David, this is Juan. I’m a business owner and I just bought out one of my competitors. You’ve been managing their retirement plan and they had good things to say about you so I’m calling to ask for your help. We already have a 401K for our business so do I just...