Archive for the ‘Solo Retirement’ Category
Wednesday, July 15th, 2009
IBM's "Gold Standard" is Not Enough --
I am always amazed when I read reports of how this big company or that big company has a particularly great retirement plan. Why? Because no big company -- I repeat, NO BIG COMPANY -- has a retirement plan that comes even close to being great. Companies simply ...
Posted in Solo Benefits, Solo Business, Solo Mindset, Solo Retirement, Solo W-2, Inc., Solo vs. Employee | No Comments »
Thursday, June 25th, 2009
The Old Worker-Status Horror Story --
In the hackneyed "dog-bites-man" version of the old worker-status horror story, a court of law reclassifies a company's contract workers as regular employees. The court then orders the company to pay hundreds of thousands of dollars in back taxes, penalties and interest to the government. ...
Posted in Solo Benefits, Solo Business, Solo Mindset, Solo Retirement, Solo W-2, Inc., Solo vs. Employee | No Comments »
Monday, October 27th, 2008
Big Jump in 401(k) Contribution Limits for 2009 --
It is never too early -- and we are never too young -- to be contributing as much as possible to a tax-advantaged retirement account. For self-employed persons, an Individual 401(k) Plan is probably the best option. It provides the greatest savings ...
Posted in Solo Retirement, Solo W-2, Inc. | 6 Comments »
Wednesday, October 8th, 2008
The Rich Get Richer --
You know that saying, "The rich get richer and the poor get poorer?" I prefer this one, "Savers get richer and spenders get poorer."
The way I see it, the biggest mistake anyone can make during an economic upturn is believing the good times will continue indefinitely. But, of ...
Posted in Solo Business, Solo Mindset, Solo Retirement, Solo W-2, Inc. | 1 Comment »
Friday, August 8th, 2008
It's Your Retirement --
Chances are, you typically devote more time and effort planning a two-week summer vacation than you will spend planning for your retirement -- the longest vacation of your life.
For couples retiring at age 65, there is a 63% chance that at least one member of the couple will live to ...
Posted in Solo Retirement, Solo W-2, Inc. | 2 Comments »
Wednesday, July 23rd, 2008
Misaligned Interests --
Imagine this. You own a chain of Mocha Joka coffee houses. One day, while visiting one of your shops, you observe Jack, the store manager, drinking from a Starbuck's coffee cup. You ask him what he is doing and he says that he never drinks Mocha Joka coffee, "Why," ...
Posted in Solo Benefits, Solo Retirement, Solo W-2, Inc. | No Comments »
Wednesday, July 16th, 2008
You Need More Money than You Thought! --Â
People are living longer, medical care is becoming more expensive and inflation is eroding the purchasing power of retirement funds. According to new research from Hewitt Associates, a global human resources consulting and outsourcing company, "employees will need to replace, on average, 126 percent ...
Posted in Solo Retirement, Solo W-2, Inc. | No Comments »
Monday, July 7th, 2008
Tapping the Power of Compound Interest --
Isn't it interesting that so many of us tend to live as if we were immortal, but when it comes to retirement savings we act like we don't expect to live one day beyond the day we retire. Personally, I want to live a ...
Posted in Solo Benefits, Solo Retirement, Solo W-2, Inc. | 1 Comment »
Thursday, June 19th, 2008
 Some "Get It" and Some Don't --
Solo professionals - those individuals who work for themselves - are able to load their tax-deferred retirement accounts faster, and with more money, than can almost any corporate employee. So, how is it that so many solo professionals fail to take advantage of this generous ...
Posted in Solo Benefits, Solo Retirement, Solo W-2, Inc. | 1 Comment »
