There are some not-so-wise strategies to prepare for a comfortable retirement…
Like burying your head in the sand, ignoring the Social Security Trustees’ report (that states the fund will be bankrupt in a decade and a half), and expecting a government white knight will magically ride to the rescue just in the nick of time.
Or…
You could take the Sovereign Man approach: Clearly recognize that Social Security is in dire straits. And then take sensible steps to solve the problem yourself. No hopes or white knights needed.
To best take the reins of your retirement funds - through a group 401(k), Solo 401(k), SEP IRA, etc. - you need to know the latest rules and regulations… especially since these just changed a few months ago.
In December 2019, the US Senate rewrote some retirement rules by passing the SECURE Act (Setting Every Community Up for Retirement Enhancement). Now that retirement professionals have had some time to consider these changes, we took a deep-dive into the legislation and consulted with our go-to contact.
And that’s what we’re presenting in today’s SMC Alert.
If you’re a Solo 401(k) owner with a business and part-time employees, you’ll need to pay particular attention, as you may be among the hardest-hit group.
We’ve also considered the SECURE Act’s impact on other groups, so read on and discover how you may be affected by this legislation.
Like burying your head in the sand, ignoring the Social Security Trustees’ report (that states the fund will be bankrupt in a decade and a half), and expecting a government white knight will magically ride to the rescue just in the nick of time.
Or…
You could take the Sovereign Man approach: Clearly recognize that Social Security is in dire straits. And then take sensible steps to solve the problem yourself. No hopes or white knights needed.
To best take the reins of your retirement funds - through a group 401(k), Solo 401(k), SEP IRA, etc. - you need to know the latest rules and regulations… especially since these just changed a few months ago.
In December 2019, the US Senate rewrote some retirement rules by passing the SECURE Act (Setting Every Community Up for Retirement Enhancement). Now that retirement professionals have had some time to consider these changes, we took a deep-dive into the legislation and consulted with our go-to contact.
And that’s what we’re presenting in today’s SMC Alert.
If you’re a Solo 401(k) owner with a business and part-time employees, you’ll need to pay particular attention, as you may be among the hardest-hit group.
We’ve also considered the SECURE Act’s impact on other groups, so read on and discover how you may be affected by this legislation.
There are some not-so-wise strategies to prepare for a comfortable retirement… Like burying your head in the sand, ignoring the Social Security Trustees’ report (that states the fund will be bankrupt in a decade and a half), and expecting a government white knight will magically ride to the rescue just in the nick of time.…
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