camera iphone 8 plus apk Do’s and Don’ts of Retirement Savings - Right on the Money – Part 2 of 5

Sub Headline: Different Rules Apply for the Employed and Their Employers

Synopsis: Though a shared goal, retirement is achieved differently by employers and employees. Both groups utilize savings from earnings to fund their retirements, however, changing times and regulations provide employers with often overlooked advantages. Employees should utilize available savings opportunities and maintain strict oversight of their retirement accounts. Watch the interview with retirement expert Nick Paleveda, JD, MBA.

Content:
Few people want to work forever, and many envision retiring on Day 1 of their careers. Getting to that point can be a battle, whether the aspiring retiree is the employee or the employer. There are variations for each party, and adhering to the fundamentals of saving will help. Upholding one’s retirement plan is essential due to the steady decline of defined benefit plans (pensions) administered by employers, and the rising popularity of 401(k) plans since 1980. In short, the retirement planning burden has shifted from employer to employee.

Employers:
Do provide employees with a retirement savings channel, which gives the employee an opportunity to shelter income from immediate taxation and build their future. Compared to employer-funded pensions, 401(k) plans shift the savings burden to the employee and require less ongoing and future administration by the employer. If you’re self-employed or a small business owner you may not want to fund your retirement through a 401(k) – it’s tax inefficient. Do fund it through your own fully insured define benefit plan, which offers contribution deductions against Unemployment, Social Security and Medicare taxes, unlike 401(k) contributions, which only reduce federal and state taxes.

Employees:
Do recognize the limits of Social Security – it’s not an income substitute - and accept responsibility for planning and funding your retirement. Do become informed, especially about the rules and limits of an employer’s 401(k) plan. Don’t miss any “free money” matching contributions that employers provide, since they can’t be repeated or re-claimed. Don’t raid or borrow from a 401(K) to fund a child’s college education, a new home or the next “shiny object” like a car, that will immediately depreciate. Penalties may also apply.

Employers and Employees:
Do strive to accumulate positive equity from stocks, bonds and annuities that can grow over time. Don’t leave a 401(k) behind when changing jobs. Millions of accounts and $1 trillion dollars in retirement savings are considered abandoned

Syndicated financial columnist Steve Savant interviews best selling author, popular platform speaker and retirement expert Nick Paleveda, JD, MBA. Right on the Money Show is an hour long financial talk distributed to 280 media outlets, social media networks and financial industry portals. (www.rightonthemoneyshow.com) https://youtu.be/QmVOFOYtgh0 https://youtu.be/ufOltdqiPIk

camera iphone 8 plus apk Do’s and Don’ts of Retirement Savings - Right on the Money – Part 2 of 5
1 Likes	1 Dislikes
1,039 views views	1.91K followers
People & Blogs	Upload TimePublished on 13 Oct 2016

Related keywords

camera iphone x vs xr,video phone beyonce mp3,video phone commax,camera phone ranking,retirement gifts for men,retirement age,video phone letra,retirement age in usa,video phone number,retirement online,camera phone x - os 12 camera apk,sharing amazon prime,sharingan eyes,sharing shelf,video phone é a continuação de telephone,sharing community,camera iphone 7 plus,retirement income taxable,camera iphone x apk,retirement income strategies,retirement accounts,retirement calculator,camera iphone apk,retirement income journal,retirement income australia,sharing is caring,retirement income stream,retirement income certified professional,retirement wishes,retirement income sources,retirement gift ideas,camera iphone 7 vs iphone 8,retirement messages,video phone ft lady gaga,retirement income canada,retirement gifts for women,video phone beyonce,sharingan naruto,video phone extended remix,video phone call,sharingbox,camera iphone xr vs xs,camera iphone,camera phone comparison,sharing economy,retirement quotes,sharing is caring meme,sharing wifi password,retirement income nz,sharing kindle books,sharing community yonkers,app video iphone,sharing wifi iphone,camera iphone 8 plus,camera iphone xr,retirement communities,camera iphone x,video phone screen,retirement income funds,retirement income review,video phone wikipedia,sharing outlook calendar,retirement party ideas,sharing network 5k,video phone gaga,video phone beyonce lyrics,retirement income solutions,retirement savings calculator,retirement income calculator,video phone beyonce letra,retirement income tax,retirement income tax calculator,retirement gifts,retirement home,camera phone x apk,sharing network,sharingan contacts,camera iphone 8,video phone lyrics,retirement speech,camera iphone 7,camera iphone 6,retirement income planning,retirement income account,camera phone x,retirement income for life,video phone tradução,retirement homes near me,camera phone 2019,retirement plan,sharing google calendar,video phone lady gaga,video phone feat lady gaga,retirement income calculator canada,sharingan,sharingan tattoo,video phone beyonce lady gaga,retirement sayings,retirement income paid by a company is called,