Switching Jobs? Here’s What To Do With Your 401(k)

Posted on 09. Oct, 2020 by in Employee Benefits, Retirement Accounts, Small Business Tips

Suppose you’re switching jobs if you were furloughed because of the pandemic or you’re simply searching for greener pastures. If you have a 401(k) from your soon-to-be former employer, you must decide what to do with your retirement account when you leave. Here are your four options: Leave the money in your previous employer’s pension […]

Continue Reading →

Where Did My Retirement Go?

Posted on 16. Jan, 2018 by in Bookkeeping Articles, Small Business Tips

How to locate lost benefits For one reason or another, you may find yourself in a situation where you’ve lost track of a retirement account like a 401(k) or pension. There are several ways this can happen: Job change. People change jobs in today’s economy much faster than they did in the past, and that […]

Continue Reading →

Retirement Contribution and Social Security Limits on the Rise

Posted on 06. Dec, 2017 by in Bookkeeping Articles, Small Business Tips

Save More in 2018! The maximum contribution to 401(k) accounts rises by $500 in 2018, the first increase in three years. If you have not already done so, now is the time to plan for contributions into your retirement accounts in 2018. Questions? We can help. Contact us today!

Continue Reading →

Fix Your Overfunded Accounts

Posted on 30. Oct, 2017 by in Bookkeeping Articles, Small Business Tips

Is socking away large sums in a tax-deferred retirement account ever a bad idea? It is when you exceed the annual IRS limits. Whether intentional or not, the penalties can be painful. Here’s how overfunding occurs and what steps to take to fix the problem. How overfunding happens Overfunding retirement accounts happens more than you […]

Continue Reading →

How Much Do You Need to Retire?

Posted on 24. Jul, 2017 by in Bookkeeping Articles, Small Business Tips

Most Americans simply don’t save enough for retirement. Nearly half of working-age households don’t have any retirement assets, according to the National Institute on Retirement Security. Of those working-age households close to retirement (age 55 and above) nearly two-thirds have less than one year’s worth of their annual salary in retirement savings. The goal: a […]

Continue Reading →