The Caldwell Trust Company Blog

6 Misconceptions About Retirement Best Practices

Posted by Tony Blasini, CPC, QPA

When it comes to retirement planning, many people in the workforce don’t really think about it. They put money into the 401k provided by their employer and focus on their financial needs in the moment. Unfortunately, this lack of true planning leads to a lot of misconceptions about retirement best practices. Here are seven assumptions you may be making about retirement, along with the reality you need to be aware of.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services, Trusts & Estate Planning

Are You Losing Sleep Over Your Finances?

Posted by Tony Blasini, CPC, QPA

Would it surprise you to learn that more Americans are losing sleep over their finances now than they did during the Recession? Nearly two-thirds of all Americans (65%) are losing sleep over their money worries, which is up 3% from the financial crisis, and more than a third of those (37%) are sleepless thanks to worrying about their retirement. But planning for retirement doesn’t have to fuel your anxiety. Today’s post will give you an overview of how much you need to save for retirement, discuss planning for retirement, and share tips to help you get started.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

Could Selling Your Business be Enough for Your Retirement?

Posted by Tony Blasini, CPC, QPA

You may be like a lot of small business owners (39%) and generally plan on selling your business to fund your retirement, especially if your revenue is about $500,000 (52%). Are you also among the 30% that have no succession plan for their company, or the 17% that haven’t even identified a potential buyer? It’s an unfortunate misconception in small business retirement planning to think that just selling a company is a safe bet for long-term goals.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

Don’t Let Money Take Control of Your Retirement

Posted by Tony Blasini, CPC, QPA

Would it surprise you to learn that more Americans are losing sleep over their finances now than they did during the Recession? Nearly two-thirds of all Americans (65%) are losing sleep over their money worries, which is up 3% from the financial crisis, and more than a third of those (37%) are sleepless thanks to worrying about their retirement. But planning for retirement doesn’t have to fuel your anxiety. Today’s post will give you an overview of how much you need to save for retirement, discuss planning for retirement, and share tips to help you get started.

Read More
1 Comment | View Comments

Topics: Retirement Plan Services

7 Common Mistakes you find in Retirement Plans

Posted by Tony Blasini, CPC, QPA

As a small business owner, sometimes it can be challenging to run a business and at the same time make sure that your retirement plan is being administered correctly and kept in compliance with IRS and DOL regulations.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

The Importance of Knowing Who is Administering Your Company 401k

Posted by Tony Blasini, CPC, QPA

Saving for retirement should be easy, but there’s a host of federal regulations and financial considerations that can make providing a reasonable plan to your employees complicated. That’s where having a trustworthy 401k program provider becomes incredibly important. A provider is responsible for ensuring that the entire plan functions (including handling various tasks like onboarding new participants and filing the appropriate forms) and that it does so legally and to the benefit of both the sponsor and participants. Businesses can find a bundled or unbundled solution for each aspect: non-producing administrators (i.e., focus on compliance), record keepers, and fiduciaries (i.e., investment managers that take on a certain amount of liability), trustee and custodian.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services, Investments, Corporate

What Employers Need to Know About 401(k) Rollovers

Posted by Tony Blasini, CPC, QPA

When an employee leaves your company, there’s a number of ways to handle the investments in their 401(k). You and the employee that’s leaving need to understand what’s the best fit for the money in question, such as whether to utilize 401(k) rollovers or withdraw the funds. Below we’ll discuss the pertinent benefits and costs to help you make the right decision.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services, Investments, Corporate

To Match or Not to Match

Posted by Tony Blasini, CPC, QPA

When it comes to developing your company’s 401k, there’s a lot that needs to be determined. But while you’re deciding whether or not your plan will accept 401k rollovers and how to charge employees fees in a way that’s fair, you also need to consider whether or not you’ll make an employer contribution. Your company isn’t legally obligated to do so, and that means you need to know if matching employee contributions is beneficial to your business.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services, Corporate

The Benefits of Having a 401k Plan for Your Business

Posted by Tony Blasini, CPC, QPA

Running your own business can be a tough gig, especially when it comes to finding, hiring and retaining the right talent. Employees are like business owners, they make career decisions on what’s best for their financial present and future. And whether you have a 401k plan or not could be a huge factor.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

Choosing a Retirement Plan: Is a Defined Benefit Plan Right for You?

Posted by Tony Blasini, CPC, QPA

Making decisions about how you are going to pay for retirement can be daunting. There are many options available to you and each has the ability to have a significant impact on the way you enjoy your time after you stop working. While some plans have been phased out by certain sectors of the workforce, for those who have access to a defined benefit plan, take advantage of your employer contributions while still adding part of your income to a different account.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

 


 

Leave a comment for this blog post:

Follow Caldwell Trust Company

 facebook  twitter  linkedin  icon_youtube  icon_pinterest

Subscribe to Email Updates

Recent Posts