retirement

The Power of 1% More [Video]
Team SummitEmployee Financial Resource Center, Retirement PlanningComments are off for this post
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In this short video, Prudential explains how impactful saving as little as 1% more of your annual income can be for your retirement.   Securities and investment advisory services are offered solely through Ameritas Investment Corp. (AIC). Member FINRA/SIPC. AIC, Summit Group of Virginia LLP, and Prudential are not affiliated. Additional products and services may be available through  Read More →
What is Roth 401(k)? Is it Right for Me?
Team SummitEmployee Financial Resource Center, Financial Planning, Retirement PlanningComments are off for this post
Roth 401(k) Basics Elective deferral contributions to a traditional 401(k) plan are contributed on a pre-tax basis and help lower your current taxable income. Roth elective deferral contributions, however, are much like a Roth IRA in that contributions are made on an after-tax basis. Money in the Roth account and any earnings will be distributed  Read More →
Washington Update – In the Crosshairs: What Tax Reform May Mean for Retirement Plans
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
While most people in the retirement plan industry have focused largely on the DOL’s Conflict of Interest Rule and its impact on advisors, recordkeepers, plan sponsors and plan participants, lurking in the background has been the potential advent of comprehensive tax reform — which puts retirement deferrals in the crosshairs. Retirement deferrals are one of  Read More →

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