Joe discusses 3 focus points to assist plan participants in making the most out of their 401k retirement plan.
Category: Small Business
How to Help Small Business Owners Prep For a Sale
In How to Help Small Business Owners Prep for a Sale, Mark Palmerino gives four keys to assisting clients looking to retire.
Why Pension Plans Can Make Sense for Dental Practices
While pension plans are considered old fashioned by many, don’t be too quick to dismiss them. For some small business owners, including dentists, pension plans are still a good choice.
Help Small Biz Owners Gain an Edge With Company-Sponsored Retirement Plan
Help Small Biz Owners Gain an Edge With Company-Sponsored Retirement Plan
Think personal disability insurance isn’t important for dentists? Think again
No one wants to think about becoming disabled. But think outside yourself. What happens to your family in the event you become disabled and unable to perform your job as a dental professional? Simply put, it’s a good idea to plan. Buy disability insurance.
Top Insurance Strategies For Small Business Owner Clients
As financial advisors, we’ve all encountered small business owner clients who are living the American dream: After years of saving and strategizing, all while working very long hours, their small business is finally starting to take off, and the entrepreneur now serves as the primary or sole breadwinner in his or her household.
Four ways financial advisers should help retirement plan sponsor clients avoid a DOL audit
Most financial advisers who support the personal planning needs of independent business owners of small- to mid-sized companies are invariably called upon to also help with business advice needs. This frequently includes serving as the financial adviser to the 401(k), defined benefit and other ERISA retirement plans these business owners choose to sponsor for themselves and their employees. Given the relatively smaller size of these plans, small- to mid-sized companies frequently serve as their own plan sponsors in order to keep administrative costs low.
Forget The IRS: Why A Department Of Labor Audit Is The New Boogeyman For Small Businesses
For business owners, few things are more terrifying than a potential IRS tax audit. The very notion of being audited by the IRS is hair-raising, conjuring up the risk of fines or penalties, as well as the expenditure of considerable time, effort and resources to go through such a process. So naturally, most business owners find it worth their while to keep detailed financial books under precise accounting procedures that can help prevent or an IRS audit.