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Thin(k) About Your 401(k) Plan: What Does It Take To Start A 401(k) Plan

I recently posted about retirement plan options for small businesses and the self-employed.  Now let’s talk about starting a 401(k) Plan as another option.  Remember, how much you want to save and your willingness to manage the complexity…

Thin(k) About Your Retirement Plan: Options For Small Business Owners And Self-Employed Workers

Not everyone has the option to save for retirement through a company sponsored plan.  So, what are the retirement saving options available to small businesses and self-employed individuals looking to retire someday with a nest egg?  Small…
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Thin(k) About Your 401(k) Plan: Charlie Watts Brought Meaning To Money!

With the death of Charlie Watts, the Rolling Stone’s iconic drummer, I began thinking about how much meaning Watts and the Stones have brought to millions of people like myself.  Their music went beyond just a fan’s perspective, because…
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Thin(k) About Your 401(k) Plan: Does My Advisor Deliver Value?

Think Advisor’s Michael S. Fischer recently published Plan Sponsors Want More Guidance From Advisors: Fidelity, summarizing the findings of Fidelity survey conducted in March 2021. Fischer’s title does give away the overall point,…
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Thin(k) About Your 401(k) Plan: Volatility Is Real and Can Be Positive!

It is Thursday, June 24, 2021, and one of my favorite financial periodicals arrived in the mail today.  It is dated June 21, 2021, with a cover article exclaiming that last week was the worst week of the year for the DOW with the Index…
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Thin(k) About Your 401(k) Plan: Should Bitcoin Be Offered In My 401(K) Plan?

In my last post, I concluded that I do not think Bitcoin is appropriate for 401 (k) plans at this time.  Today, I will share some key risks associated with Bitcoin along with a few current, compelling arguments in favor of including it…
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Thin(k) About Your 401(k) Plan: What Is Bitcoin and How Does It Work?

I have to admit, I may have been bitten by the Bitcoin bug.  To be clear, I have not invested in Bitcoin because I am unconvinced the words invest and Bitcoin should be used in the same sentence, yet.  However, my recent readings on the…
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Thoughts in Charts: Retirement Ready vs Debt Free

This week’s chart illustrates why I encourage people to consider their retirement savings with the same weight as they consider aggressively paying off debt. The idea of living debt free is so catchy and liberating, but what if it’s…
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Thin(k) About Your 401(k) Plan: In-Plan Roth Conversion

The Small Business Jobs Act of 2010 modified by The American Taxpayer Relief Act of 2012 gave retirement plan sponsors the ability to offer in-plan Roth conversions.  Additionally, plans that don’t currently offer the provision can add…
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Thin(k) About Your 401(k) Plan: What A Great Benefit!

It’s unsurprising that American workers love their retirement plans and don’t want them to change. The Investment Company Institute’s (ICI) recent research report, “American Views on Defined Contribution Plan Saving, 2020” confirms…