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2021 Retirement Plan IRS Limits
Team SummitEmployee Financial Resource Center, Financial Planning, Retirement PlanningComments are off for this post
As January approaches and you begin your financial planning for the new year, keep in mind the recently released retirement contribution limits for 2021. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan has remained unchanged at $19,500. The catch-up contribution limit for employees  Read More →
Ten Reasons to Roll Over Into Your Plan vs an IRA
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Chances are, you have employees with assets in a prior employer’s retirement plan. When new employees are hired, often times wading through health insurance paperwork and tax forms take priority over doing something about their old 401(k). It can become a forgotten piece, until something sparks the desire to take action – perhaps receiving a  Read More →
Employer-Sponsored Retirement Plans
Team SummitEmployee Financial Resource Center, Retirement PlanningComments are off for this post
Planning for retirement can be confusing, but it is worth the effort, especially when retirement plans are sponsored by your employer. Familiarize yourself with the different types of employer-based plans to better understand your retirement options When companies offer employer-sponsored retirement plans, it can be a powerful recruitment tool for potential employees. In general, most  Read More →

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