The “mega backdoor” Roth IRA strategy allows some investors to contribute significantly more to a Roth IRA and/or Roth 401(k) than IRS contribution limits currently allow.

Top Hat plans are designed for highly-compensated executives, giving them the opportunity to accumulate enough savings to replace a significant portion of their pre-retirement income.

Current tax law allows executives to defer up to 100% of their compensation without paying income tax on that money until it is withdrawn, generally in retirement. Much like money in a 401(k) plan, the assets can benefit from tax-free growth

The recently passed SECURE 2.0 Act now provides businesses with thousands of dollars in new tax credits for setting up 401(k) plans, and they can also claim $1,000 tax credit per employee for employer matches.

Learn more about all of the new tax credits available for 401(k) plans, and other ways businesses can use 401(k)s to help employees and the business thrive.

‘Financial planning’ is often viewed within the framework of investments and investment decision-making, but the reality is that good planning should address multiple touchpoints in a person’s financial life. We detail four of them in this post.