Why Small Business Owners Should Have A Qualified Retirement Plan

Why Small Business Owners Should Have A Qualified Retirement Plan

To Sell or Not To Sell, That Is The Question???

Once again this morning I heard someone on network TV give the indexer line, stay invested and wait it out.  Again this person had no real clients, was not really clear on what knowledge other than reporting on the index numbers a couple of times a week reading from a script at that.

Losing money from your mutual fund account, brokerage account or pension plan (401k, 403b, 457 plan or defined benefit plan) involves real money.  If being down 10%, 20% or 40% or more is a bother, you might want to rethink your plan to be in the market at this time.

Here are the real numbers on how much it takes to recover your funds, make your own decision.

Self-Employed? Use This One-Two Punch for a Massive Tax Deduction by Dec 31st

Call our office at 215-886-2122

Self-Employed? Use This One-Two Punch for a Massive Tax Deduction

Retirement Planning Has Changed!

Retirement income planning for your parents generation was much different than it is today.

According to the US Bureau of Labor Statistics, in 1990 35% of US workers were covered by a pension-by 2011 this had dropped to 18%.

Often people with a 401(k) plan, an IRA, and Social Security mistakenly believe they have a plan.  This may be a good start, however this is not an actual plan.  In the past, employer-sponsored pension plans provided some level of lifetime income.  However, with pensions disappearing, most people will not know exactly how much income they can expect to receive from their employer-sponsored retirement plan until they actually retire.

Source: Wiatrowski, William. “The Last Private Industry Pension Plans: A Visual Essay.” Monthly Labor Review 65.1 (2012): n. page. Dec. 2012.

Beneficiary Forms