SIMPLE IRAs are employer sponsored retirement plans available to small businesses with 100 or fewer employees. They offer ease of management due to low start-up and operating costs and a lack of discrimination testing requirements found in some other retirement plans. Key Benefits: Both employer and employee can contribute Employer must make either a 2%…
A 401(k) is an employer sponsored retirement plan that makes it easy for employees to save for retirement through payroll contributions. With pre-tax contributions, you can save on taxes, and some plans even offer employer contributions to get you even closer to your retirement goals. Key Benefits Additional catch-up contributions can be made if older…
Whenever you terminate employment whether through changing jobs or retiring, you basically have four options on what to do with your employer sponsored retirement plan: Leave it in your old employer’s plan Roll it to your new employer’s plan Roll it to an IRA Cash out FinTrust Investment Advisors can work with you to make…
You have a unique set of needs regarding your financial situation. How do you know who is the right person to work with in solving those needs? Who can be trusted? Who has the knowledge base and experience to competently lead you on the path to financial independence? To help answer these questions, the CFP®…
A fiduciary is someone who has been entrusted with the responsibility of managing the assets of another person and who is required to always act in the best interests of their client, beneficiary, or retirement plan participant. The problem is that many fiduciaries take on that responsibility without fully grasping their obligations. Professionals who have…
Successful investors recognize the importance of education and knowledge when it comes to managing financial assets. But while they may spend countless hours learning about markets, securities, and associated risks, investors often overlook the qualifications of the professionals whom they hire to manage their money. If you work with investment advisors, they will have…
Treasury Inflation-Protected Securities, or TIPS, may provide investors protection against rising inflation. Inflation is harmful to fixed income for two primary reasons. (1) Inflation eats into the purchasing power of every dollar received from future interest and principal payments, reducing the overall real value of the bond (2) Inflation or generally too much inflation, can…
