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Category: IRA

07 Feb

2nd chance for those who missed the 60-day IRA/401(k) rollover window

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New IRS waiver program effective immediately If you, one of your clients or one of your employees inadvertently exceeded the 60-day limit when moving retirement funds associated with a “rollover”, they can now receive an IRS waiver of penalties and keep this funds in a retirement plan. The full details may be found in IRS Revenue […]

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Is A Solo DB Plan Right For Me?

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If you’re a one-person business or have substantial self-employment income outside of your “regular” job, a Solo Defined Benefit (“DB”) plan may be for you.  We recently received a call from a professional with the situation of a surprise $250,000 income boost this year and another $100,000 the following year.   His question was “how can […]

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Top Reasons to Invest for Retirement

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Here is a breakdown of the inherent benefits and incentives involved in retirement planning. Choice There are unlimited investment options available in today’s world. You can stay with a simple index fund or you can tailor your choices. Low Costs The costs of investing in retirement plans and IRA’s have never been lower. You are […]

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Top Reasons to get Educated on your Financial Future

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Hindsight is 20/20, but that wisdom winds up arriving too late. In order to secure a satisfying and comfortable retirement, you will need to educate yourself about how to arrive at such a successful financial future. A financial advisor can handle the specifics of investment vehicles and strategies, but the long-term road map is dependent […]

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Expert 401(k) Customization for Your Retirement

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Business owners have enough day-to-day stress. The last thing you want to worry about is managing a retirement portfolio. Your future well-being depends on this kind of long-term planning, and it is important to have your needs catered to in a customized way. At Odyssey Advisors, we pride ourselves on this level of customer attention. […]

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Cash Balance vs. 401(k) Considerations for Business Owners

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If you are an owner or partner looking for larger tax deductions and accelerated retirement savings that aren’t available under a 401(k) plan, a cash balance pension plan may be the perfect solution. The cash balance plan allows employers to control how much to save for an employee’s retirement, as opposed to 401(k) plans which […]

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