Law 2 – SMART Strategies

Understanding a SIMPLE IRA Plan for Employees and Employers

What is a SIMPLE IRA? A SIMPLE IRA plan (Savings Incentive Match PLan for Employees) allows employees and employers to contribute to traditional IRAs set up for employees. It is ideally suited for small companies with 100 or fewer eligible employees. SIMPLE IRA plans can provide a significant source of income at retirement by allowing employers and employees to […]
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Here’s How to Become a 401(k) Millionaire

Part Six of a Six-Part Series Courtesy of: Visual Capitalist Here’s How to Become a 401(k) Millionaire There’s nothing more definitive in the journey to financial freedom than hitting the $1 million mark in retirement savings. A nest egg like that is a near-guarantee that you could surmount any curveball the world throws at you, […]
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How to Find a Financial Advisor You Can Trust

Part Five of a Six-Part Series Courtesy of: Visual Capitalist How to Find a Financial Advisor You Can Trust More and more people are using financial advisors to help them navigate the complex journey to financial freedom. But although more Americans are seeking advice on matters of personal finance, they are also less sure that […]
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The 6 Biggest Mistakes Ordinary Investors Make

Part Four of a Six-Part Series Courtesy of: Visual Capitalist The 6 Biggest Mistakes Ordinary Investors Make In many areas of life, we are often our own worst enemies. The realm of personal finance is no different. What’s the biggest threat to achieving financial independence? Unfortunately, it’s your own brain. You can invest in all […]
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What Your 401(k) Provider Doesn’t Want You to Know

Part Three of a Six-Part Series Courtesy of: Visual Capitalist   What Your 401(k) Provider Doesn’t Want You to Know Born in 1984, the 401(k) plan gave regular Americans a way to make tax-deductible contributions to a retirement account directly from their paychecks. Today, it’s the single most important investment vehicle for most people in […]
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