Business Owner Financial and Tax Saving Strategies

Understanding the Highly Compensated Employee (HCE) 401k retirement plan regulation is very important because if your plan fails the test for HCE's you could face fines. 

Learn all about what the definition of a Highly Compensated Employee (HCE) is and how to stay compliant with your company's 401k plan.

EPISODE LINKS:

• Get FREE information about Setting up or Fixing Your 401k plan
  https://lifeincrs.com/401k-plans-podcast/

We cover all the 401k retirement plan deadlines that you need to know so you don't miss out on contributing to your 401k retirement plan AND you don't miss any compliance deadlines.

EPISODE LINKS:

• Get FREE information about Setting up or Fixing Your 401k plan
  https://lifeincrs.com/401k-plans-podcast/

We cover how to maximize your retirement income as a business owner. 

The different options from 401k retirement plans and versions you probably haven't heard of, but should know, to ROTH IRA's and other types of IRA's. 

A great overview from the retirement plan expert.

EPISODE LINKS:

• Get FREE information about Setting up or Fixing Your 401k plan
  https://lifeincrs.com/401k-plans-podcast/

We explain what the annual testing requirement so you're sure to be able to pass your 401k Plan Audit Requirements. 

These aren't hard once you understand them and you want to get them right so you avoid any files.

EPISODE LINKS:

• Get FREE information about Setting up or Fixing Your 401k plan
  https://lifeincrs.com/401k-plans-podcast/

We go over the list of sweeping changes to 401k SECURE 2.0 Act that effects business owners. We explain the changes and how you can save more for yourself and your employees.

SHOW NOTES
Secure Act 2.0 is Congress’s latest attempt to address America's retirement crisis. Signed into law in late December 2022, this package of retirement reforms aim to finish the job begun by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019.

Version 2.0 of the Secure Act introduces dozens of provisions intended to improve retirement outcomes. From better catch-up contributions to automatic 401(k) enrollment, we’ve identified five of the most important changes you need to know about from this new law.

We go over the major changes so you know as a business owner how to save more.

EPISODE LINKS:

• Get FREE information about Setting up or Fixing Your 401k plan
  https://lifeincrs.com/401k-plans-podcast/

We summarize the Tax Credit changes to the SECURE 2.0 Act for business owners so you can make adjustments to your company's retirement savings plans save more for yourself and your employees.

SHOW NOTES
On December 29, 2022, the Consolidated Appropriations Act of 2023 (HR 2617) was signed into law. 

The Act includes important provisions affecting retirement savings plans which are intended to build upon the 2019 SECURE Act. 

These provisions, collectively referred to as SECURE 2.0, offer many new benefits to employers and employees which are designed to make it more attractive for employers to offer retirement plans and to improve retirement outcomes for employees.

Listen to this episode where Matt and Brandon give you all the details of SECURE 2.0

EPISODE LINKS:

• Get FREE information about Setting up or Fixing Your 401k plan
  https://lifeincrs.com/401k-plans-podcast/