Bank of America Merrill Lynch Offers Industry-Leading Retirement & Benefit Plan Solutions. Find Out How Our Vast Resources, Personalized Advice & Thought Leadership Can Help Your Employees Achieve Financial Wellness Today.
Business directory to 401k rollover information and advice.www.business.com/finance/401k-rollover/
Retirement industry advisers and consultants.www.business.com/finance/retirement-consultants/
Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.www.business.com/finance/retirement-plans/
401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.www.business.com/finance/401k/
Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. Read More »
The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. Read More »
If you are looking to eventually have an executive position or other professional career, it is never too early to look into higher education savings. It would be a shame that you could not get the high paying job that you want because of not having the money to train for it.
Talk to your local bank or credit union about opening up an account specifically for higher education savings. Many offer specific perks for accounts that are only going to be used for scholarly purposes.
Look into investment firms as well. Some offer accounts that set aside a portion of your money for guaranteed growth through interest and then invest the rest of it trying to get you higher returns. Discuss all the risks involved with any of these investments before signing anything. Though this presents more danger than a traditional higher education savings account, it may be the way to go if you need the money within a few years to finish a degree.
Talk to your tax adviser after opening any account that is specifically for educational purposes only. Though the laws change yearly, you may be able to receive a credit or some breaks on your tax returns. Find more information about higher education savings accounts through the resource links found on this Business.com page.