Profit-sharing by its nature is uncertain. Sometimes you have a good year. Sometimes you have a bad year, |
Small companies are always right on the edge. (Setting up a retirement plan) distracts the management from their single-minded purpose of getting business in the door. You've got to make it easy for those people. |
The family is of course heartbroken by their loss ... but they are amazed and grateful at the support they have received. |
The plan will be designed to ensure that none of these (and other) limits are violated. |
There are studies that show participants in a 401(k) plans are less likely to leave the company and are better workers, |
There are studies that show participants in a 401(k) plans are less likely to leave the company and are better workers. |
They totally disregarded my mom's instructions. |
They're going to prioritize where they're going to send checks. The owner or manager is using the cash funds until the miraculous rescue occurs. |
This money is going to determine how you live in the long run. So if you can deal with short-term emergencies out of short-term resources, that's a better planning approach. |
This will be a common feature of plans over the next few years. |
We expect over 30 bills by the time this is over. The bills are going to pour in. |
We took a poll of our members. Seventeen percent of our members said they intended to implement the Roth 401(k) in 2006. Eighty-three percent were going to wait and see or were not going to do it at all. |
What greater hardship can you have as a reason to withdraw your own money? |
When times are tough, your matching contributions are going to go down. It's a factor of profitability. |
You can borrow up to half the account balance or $50,000, whichever is less. But if you borrow, you have to repay, typically through a payroll deduction. |