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Defined Benefit Plans
Defined Benefit Plans are typically the most complex and expensive plans to administer out of all the types we have discussed in this section. They are designed to provide a certain predetermined benefit to employees when they retire, like a pension plan. Annual...
Are You Over-Insured?
The ultimate guide to what types of insurance you really need.
SIMPLE IRAs
SIMPLE stands for “Savings Incentive Match Plan for Employees.” These are popular among small businesses with less than 100 employees because they provide many of the benefits of conventional retirement plans like 401(k)s, but are much simpler and less expensive to...
Retirement Savings Accounts
In order to encourage people to take responsibility for their own retirement savings, the U.S. government has created several types of retirement accounts which provide significant tax benefits if you abide by the strict rules they have imposed on these accounts....
What Are Profit Sharing Plans? | How Do They Work?
A profit sharing plan is a type of retirement or bonus plan that lets large and small employers share profits with their employees. It's an excellent way to reward employees for a profitable year or quarter, and contributions are tax-deductible. Profit sharing plans...
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