Convert Your SIMPLE IRA to a 401(k) Plan

by Jess Knudsen | Jun 2, 2023 | 401(k), SEP/SIMPLE

Four common questions small business owners have about converting their SIMPLE IRA to a 401(k) plan Small business owners looking to implement a retirement plan for their small business commonly decide a SIMPLE IRA is a good savings vehicle for them to start out with;...

Everything Self-Employed Business Owners Need to Know About Individual(k) Plans

by Jess Knudsen | May 16, 2023 | Individual(k)

There are many benefits that come along with self-employment and running your own business ; you make your own work schedule, you’re passionate about what you do, and you’re in full control—just to name a few. One advantage that may not be as prevalent in...

Don’t Overlook These Benefits for Your Small Business Plan

by Jess Knudsen | May 2, 2023 | News

Below are three of the most popular small business retirement plan options and a breakdown of how both the SECURE Act of 2019 (SECURE 1.0) and the SECURE 2.0 Act of 2022 (SECURE 2.0) provisions enhanced these plans. SEP Plans With a simplified employee pension (SEP)...

What Happens When You Make an Early 401(k) Withdrawal?

by Jess Knudsen | Apr 22, 2023 | 401(k), General Retirement

Picture this: you’ve left your office for the last time. You’ve spent the better part of your career preparing for this exact moment and have finally reached retirement bliss. You have an open horizon stretched out in front of you—filled with relaxation, plenty of...

How Much Should You Save For Retirement?

by Jess Knudsen | Apr 14, 2023 | General Retirement

One of the simplest and most effective ways to save for retirement is through your workplace retirement plan. Many financial professionals recommend saving 10% to 15% of your total income. Yet how much you should save largely depends on your retirement goals, age, and...