Late with One Lousy Contribution. No Big Deal, Right?

One of my clients, Barry, called the other day with a common question: “I was late submitting our weekly payroll contributions. Is that a big deal? I calculated the loss of earnings—about ten dollars, filed Form 5330, and paid $1.50 in excise tax. But that all seemed...

You Asked Your Electrician to Do Your Plumbing!?

Would you ask a construction worker to decorate your house? Would you ask a computer programmer to create your next marketing campaign? It sounds crazy but so many people do the same thing with their company’s retirement plan. Rebecca, one of our team members, found...

Turning a Fail to a Pass

Here’s another of my favorite stories “from the vault.” Gina was the HR director for a company that contains mostly low-compensation employees—like delivery truck drivers, call center workers, and a marketing team—and a small group of high-compensation executives at...

The Mega Back Door Roth Conversion

Nobody loves taxes, but what if there were a way for you to set up a retirement account that would grow on a tax-free basis? And what if that retirement account would never be subject to Required Minimum Distributions (RMDs)? The Mega Back Door Roth IRA allows...