The main traditional sources of retirement income in the United States are often referred to as a three-legged or three-pillar chair:Social Security benefitsEmployer-provided pensions...
Posted by Dennis Jao on 01/27/2022
What is a TSP (Thrift Savings Plan)?A TSP is a type of pension investment program open only to federal employees and uniformed military personnel, including Ready Reserve. It is a...
Posted by James Financial Services Inc on 12/27/2021
Cash balance plans are defined benefit retirement savings plans that allow business owners to make large deductible contributions each year and build up deferred retirement savings....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/04/2021
The HEART (Heroes Earnings Assistance and Relief Tax Act 2008) Acts provides tax and retirement benefits for service members who are disabled while on active service for more than...
A defined benefit plan is an employer-sponsored pension plan in which benefits are calculated using a formula that considers various factors, such as salary history and length of employment....
When you find yourself as the beneficiary of an Individual Retirement Account (IRA) and the IRA owner passes away, you are told that you have received a tax-free inheritance. Well,...
As a small business owner, it might be a smart move creating pension plans for your employees. In this article, you will know the benefits it will give to both you and your employer. Small...
There are quite a lot of tools capable of helping you save money for retirement along with the initial requirements - commitment and determination. Millions of Americans can successfully...
Posted by BEST FINANCIAL GROUP LTD on 07/26/2019
Divorce comes with a series of surging emotions and the last thing on people’s mind, most times is finances. However, you will make several decisions that might directly or indirectly...
Posted by Karen Munoz, EA on 09/09/2021