Your Source for Understanding Personal, Business, Life, Health, Group Benefits, and Medicare Insurance.

Group Benefits

401(k) documents

What Happens When You Inherit A 401(k)?

A 401(k) is a tax-deferred, retirement savings account. When a person opens a 401(k), he or she names one or more beneficiaries to receive the remaining funds when the account holder dies. If you have inherited a 401(k), your options will depend on several factors, including your age, the account

Read More »
401(k) savings

How Does My 401(k) Get Invested?

A 401(k) is a tax-deferred, employer-sponsored retirement savings plan that allows you to save and invest a portion of your paycheck. Your employer may contribute matching funds to your 401(k) account. The company may offer a choice of investment options, but you control how your 401(k) money is invested. What

Read More »
IRA 401(k) Roth

Traditional IRA Vs. Roth IRA

“IRA” is an abbreviation for “Individual Retirement Account.” A traditional IRA and a Roth IRA are two different retirement options, each with its own pros and cons. Depending on your circumstances, either may be a good choice for growing your retirement dollars. What Is a Traditional IRA? A traditional IRA

Read More »
401(k) money

Can I Have More Than One 401(k)?

It is possible to enroll in more than one 401(k) at a time. In fact, it is not uncommon to accumulate several over a lifetime. This can occur in various situations. Scenarios that Can Lead to More than One 401(k) You may have a 401(k) account from a previous employer

Read More »
Dentist and patient

Do I Need To Offer My Employees Dental & Vision Plans?

Under the Affordable Care Act (ACA), employers with 50 or more full-time employees must provide health insurance or pay a hefty penalty to the IRS. Smaller companies that are not required to provide health insurance to their employees can benefit from the Small Employer Health Care Tax Credit under ACA,

Read More »
401(k) savings

What Happens To My 401(k) After My Death?

For many Americans, a 401(k) is the foundation of their retirement planning. The goal is to set aside sufficient tax-deferred dollars (ideally, with matching employer contributions) to see you through from the date of retirement to the date of your death. But what happens if you die before you have

Read More »