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Eric Kuniholm 
401k, 403b, 457 & TSP Rollover If you have a 401k, 403b, 457, TSP or other retirement plan with a previous employer, you should consider the benefits of transferring your retirement assets into a Rollover IRA. The Rollover IRA is a tax advantaged IRA account designed to receive retirement funds rolled over from an ex-employer’s …
What is a Solo 401k? The term Solo 401k is commonly used to refer to the “Individual 401k”. Also known as a Self Employed 401k, Personal 401k, Uni-k and Single k this new self employed retirement plan is expected to revolutionize the way successful self employed business owners save for their retirement. The Solo 401k …
What is a SEP IRA? The SEP IRA (Simplified Employee Pension) is a retirement plan for small business owners and self employed individuals. With a SEP IRA contributions are made by the employer to all eligible employees (employees do not contribute).The 2022 SEP IRA contribution limit is $61,000 and the 2021 SEP IRA limit is …
Defined benefit plans are more expensive to set up and to maintain. Depending on the age and income of the business owner, annual contributions can potentially be $100,000 to $250,000 or more per year. Loans may be permitted, however this may increase annual funding requirements. What are the disadvantages of a Defined Benefit Plan? Defined …
Beacon Capital Management Advisors provides 401(k) plans to small business owners and to corporations ranging from 1 to 1,000 employees. BCM 401k clients benefit from our retirement plan experience due to our existing relationships with numerous small business 401k providers. Our understanding of the small business 401k plan marketplace enables us to find the 401k …
An Individual Retirement Account (IRA) is a tax advantaged retirement savings plan created by the US government to encourage individuals and small businesses to save for their retirement. Some investments selected inside these accounts may include mutual funds, stocks, bonds, annuities and CDs. Individual retirement accounts (IRAs) can be established for individuals and for small …