Many companies are experiencing record profits combined with a tight labor market. Offering a company-sponsored retirement plan can reduce income taxes for owners while providing a valuable benefit to employees. A popular 401(k) option for small and mid-size businesses is a Safe Harbor plan. The deadline for adopting a new Safe Harbor 401(k) for calendar year 2021 is approaching on October 1st.
Anthony Kim was only 22 years old in 2007 when he made his presence known on the PGA tour. In 2008, he won two tournaments, $4.7 million, and propelled the US team to a Ryder Cup victory with his head-to-head win over Sergio Garcia. By 2012, nagging injuries would force him to retire from the game with a rumored $20 million payout from an insurance policy.
We’ve reached the mid-point of 2021 and summer brings long days and glorious evenings! I hope you are out and about enjoying all the beauty of the season. Here’s a brief summary of what you need to know from an economic and market perspective over the first half of the year.
Owning a home is as American as baseball and apple pie, and the residential real estate market is hot! However, too many people believe that their primary residence is a great investment, even though the data does not support this.
Investors have been on a wild ride the last 14 months. But now, as we approach the halfway point of 2021, we find ourselves in the midst of the largest monetary experiment in history. Regardless of economic, market, and fiscal conditions, there are generally only four financial elements that the average person can control. And, these are the keys to building a “rich” life.
Investing is difficult; there’s always something new to worry about. With the pandemic not quite in the rear-view mirror, attention is already shifting to fresh concerns – rising interest rates and inflation.