Age-Weighted Profit-Sharing Plan: A 101 Guide

June 13, 2025

Building a strong financial future often involves choosing a retirement plan that adapts to varied goals. Although some people prefer uniform contributions, others favor something more flexible. Different timelines mean the pace of account growth can matter greatly. In that context, age-weighted profit-sharing plans stand out for acknowledging individual saving horizons, offering a customized strategy […]

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South Carolina Taxes On Retirees

April 17, 2025

Between the scenic coastlines, mild winters, and a welcoming culture, South Carolina has become a favorite among retirees seeking a laid-back lifestyle. Beyond its natural beauty, the lower living expenses add to the appeal, making this Southern spot stand out. As retirees explore destinations across the United States, many discover that the Palmetto State offers

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Deferred Compensation Plan vs. 401(K): What’s The Difference?

February 3, 2025

Securing your financial future is rarely as simple as just deciding to save. You also have to choose how and where to invest your money. This is where retirement plans enter the picture. From individual IRAs and 401(k) plan options to more specialized strategies like a non-qualified deferred compensation plan, each route offers unique benefits

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Supplemental Executive Retirement Plan (SERP) 101 Guide

January 24, 2025

When planning to pass on your assets, understanding potential tax implications is a valuable step in preserving your legacy. Various taxes, including those on inheritance, may apply depending on factors like the nature and location of your assets. A clear understanding of these details can support the goal of reducing taxes so that more of

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Retirement Plan Rollovers – 101

June 2, 2023

Do you have an old retirement plan? Is it still with your previous employer? Or has your company just been purchased / merged, and the new company has a new plan? Each year many people face this situation. So, what should you do with your old retirement plan? You will typically have the option to

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My Favorite Type of Retirement Plan for Sole Proprietors

February 28, 2022

Retirement savings accounts known as SEP IRAs have distinct advantages A simplified employee pension (SEP) IRA is a retirement savings plan established by employers—including self-employed people—for the benefit of their employees and themselves. Employers may make tax-deductible contributions on behalf of eligible employees to their SEP IRAs. SEPs are something worth considering because they are

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Planning for Elder Care – It’s Never Too Late to Start Saving

February 1, 2022

If you have not started planning for long-term care expenses yet, today is the day! Genworth puts out information on the cost of care for eldercare. The site provides numbers for in-home care, community and assisted living, and nursing homes for each part of the country. Today the national average for a nursing home room

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Retirement Planning