Welcome to The Fragreport. Our blog serves as an insightful resource covering markets, financial topics, culture and current affairs.
Retirement planning can be challenging, but creating a timeline can help ensure your savings stay on track. Here are some expert tips for helping to ensure your retirement plans are on schedule at every stage.
Nobody likes unexpected tax bills or IRS penalties. So how can you minimize the possibility of errors on your return? And if an error does still slip through, what then? In both cases, it’s often a matter of paying close attention to documentation.
Dovish Fed Policy Supportive of Continued Economic Growth. The June Fed FOMC meeting signaled dovishness reinforcing investors’ expectations of a rate cut announcement at the next FOMC meeting: July 30-31. The yield curve has now inverted all the way from the short dated three-month T-Bills and is becoming a legitimate concern for markets. Economic activity has slowed, especially abroad, but domestic growth continues, and a Fed rate cut should maintain the economic expansion in our view.
When discussing retirement plans, you’re always going to run into 401(k)s. It is certainly the plan we are most familiar with and is usually the plan of choice for major enterprises, but it’s not only for the big guys. In fact, any business entity can establish a 401(k) plan.
The SIMPLE IRA or the Savings Incentive Match Plan for Employees is like a 401(k) plan but involves less administrative complexity and potentially lower maintenance fees. Despite this advantage, there are several restrictions and commitments that should be considered when looking into a SIMPLE IRA plan.
The life of a business owner is filled with tremendous responsibility and requires your full attention. As a business owner, you are left with little time to be an expert in investments, markets, and knowing the ins and outs of business retirement plans. The first step in this process is asking yourself the commitment question:
