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24 Jan '24Small Business 401(k) Plans – Guide and Providers
Continue readingA bit of a detour today to discuss small business 401(k) plans. Wealth45 generally focuses on employees of large technology companies. But thought a dive into the world of small business might be of interest. When it comes to 401(k) plans, the playing field shifts between small businesses and tech giants. Smaller companies, limited by […]
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17 Jan '24Navigating the 401(k) Questions Maze: Your Complete Guide
Continue readingNavigating the world of 401(k) questions can be a complex yet crucial aspect of financial planning. Employees often have various questions about these retirement accounts, and Wealth45.com is here to provide answers. Long-term retirement investments are vital financial resources that support you throughout your life. What is a 401(k) plan, and why is it called […]
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22 Nov '23IBM 401(k) Plus Plan Changes!
Continue readingIBM 401(k) plan changes coming in 2024. The technological behemoth recently announced a significant change to its employee retirement benefits that has sent ripples through its workforce. Effective January 1, 2024, the company plans to bid farewell to its longstanding 5% matching contributions and 1% automatic contributions to employees’ 401(k) accounts. Instead, IBM will usher […]
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20 Sep '23Should You Buy an Annuity in Your 401(k)?
Continue reading401(k) plans have allowed annuities for several decades, but recent regulatory changes have made buying an annuity in a 401(k) a hot topic. Annuitizing your 401(k) account can create a more pension-like retirement plan with fixed monthly payments. Obviously, this type of “guaranteed” monthly income is highly desirable for some people. But please, consider the […]
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13 Sep '23The ESPP Decision – More Equity?
Continue readingAn employee stock purchase plan (ESPP) is a program offered by a company to its employees to purchase shares of company stock at a discounted price. ESPPs are a popular way for employees to build wealth over time and share in the company’s success. There are two main types of ESPPs: Qualified ESPPs: These plans […]
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06 Sep '23The HSA Tax-Advantage Triple Play (Health Savings Accounts)
Continue readingA Health Savings Account (HSA) is a tax-advantaged savings account designed for individuals and families with high-deductible health insurance plans (HDHPs). HSAs are intended to help people save money for qualified medical expenses while also offering tax benefits. Here are some key features and benefits of HSAs: High-Deductible Health Plan Requirement: To be eligible for […]
