You’ve probably heard the term 401k from your employer. But what exactly is a 401k? A 401k plan is an employer-sponsored profit-sharing plan named after section 401k of the US Internal Revenue Code. Employees can take cash payments in the form of a retirement plan if they so elect. The percentage taken out is your […]
Recap of the 2021 Spark Forum
Our founder and chairman at Financial Fitness Group, Joe Saari, was a panelist at the SPARK Forum along with our partner group Corporate Insight. At this conference, Joe went in depth reflecting on his expertise on retirement solutions and reflected about how the COVID-19 pandemic affected the financial wellbeing of many. Along with the presentation, […]
SPARK Forum 2021
We are both excited and honored to announce that our very own founder and board member, Joe Saari, will be speaking at the annual SPARK Forum 2021. The SPARK Forum is highly touted as a leading advocacy organization in the retirement plan industry. This annual leading conference is a unique opportunity, and free to attend […]
The Importance of Retirement Planning
When thinking about the “retired life,” chances are you’re envisioning golden years filled with leisure, fun, and comfort. Unfortunately, this isn’t the reality for most people because of the financial difficulties or lack of understanding around the shift of responsibility from employer to individual for retirement contributions. This doesn’t have to be the case for […]
5 Steps Entrepreneurs Should Take to Mitigate Risk in Retirement
Retirement planning is often an afterthought for business owners. There are uncertainties considering its futuristic state. Entrepreneurs commonly ask, will I even live to see retirement? Will I enjoy enough success from my business that I can afford not to fund it separately? Aren’t my immediate expenses more of a priority anyway? These deterrents cause […]
Employee Benefits 101: Roth IRA vs. 401(k) Plans
Even the most basic of employee benefits are confusing sometimes. It’s up to employers to help employees understand their benefit options.