John Siegel, CFP®, EA’s Post

A repost of a repost? Yep, it’s like the ‘Inception’ of reposts. In all seriousness, though: I have spoken with several high-income professionals at Shell who didn’t “max” their 401K contributions last year, despite both the means and intention. This article discusses how to avoid that outcome:

Navigating retirement plans as a small business owner doesn’t have to be daunting. This article covers the basics of SIMPLE-IRAs, SEP-IRAs, and 401(k)s, each offering unique advantages. SIMPLE-IRAs allow both employers and employees to contribute, with lower maintenance costs and flexibility in contributions. SEP-IRAs, sponsored solely by employers, provide flexibility in contributions from year to year, which can be helpful for businesses with fluctuating cash flow. Finally, 401(k)s enable employees to contribute with the possibility of employer matching. Choosing the right plan depends on your business structure and goals, so consulting with a professional is a great next step. #SmallBusinessOwner #RetirementPlans #SIMPLEIRA #SEPIRA #401k #FinancialPlanning https://lnkd.in/e9y898qf

As we head into 2025, it's important to stay informed about the latest 401(k) contribution limits. For many, maximizing contributions can be a key part of securing a financially stable retirement. The IRS has increased the contribution limits for 2025, offering both employees and employers greater opportunities to save. In our latest article, we break down the new limits and provide insights into how these changes could impact individuals and businesses. Helping your clients understand these changes is crucial as they begin planning for 2025. 💼 Ready to make the most of these updates? Check out the full article for all the details. https://lnkd.in/gR39qYd7 #401k #ContributionLimits #RetirementPlanning

📊 Understanding 401(k) contribution limits for 2025 📊 As we head into 2025, it's important to stay informed about the latest 401(k) contribution limits. For many, maximizing contributions can be a key part of securing a financially stable retirement. The IRS has increased the contribution limits for 2025, offering both employees and employers greater opportunities to save. In our latest article, we break down the new limits and provide insights into how these changes could impact individuals and businesses. Helping your clients understand these changes is crucial as they begin planning for 2025. 💼 Ready to make the most of these updates? Check out the full article for all the details. https://lnkd.in/e5AG2c7h #401k #ContributionLimits #RetirementPlanning 

📊 Understanding 401(k) contribution limits for 2025 📊 As we head into 2025, it's important to stay informed about the latest 401(k) contribution limits. For many, maximizing contributions can be a key part of securing a financially stable retirement. The IRS has increased the contribution limits for 2025, offering both employees and employers greater opportunities to save. In our latest article, we break down the new limits and provide insights into how these changes could impact individuals and businesses. Helping your clients understand these changes is crucial as they begin planning for 2025. 💼 Ready to make the most of these updates? Check out the full article for all the details. https://lnkd.in/gzUX9vTp #401k #ContributionLimits #RetirementPlanning

Navigating retirement plans as a small business owner doesn’t have to be daunting. This article covers the basics of SIMPLE-IRAs, SEP-IRAs, and 401(k)s, each offering unique advantages. SIMPLE-IRAs allow both employers and employees to contribute, with lower maintenance costs and flexibility in contributions. SEP-IRAs, sponsored solely by employers, provide flexibility in contributions from year to year, which can be helpful for businesses with fluctuating cash flow. Finally, 401(k)s enable employees to contribute with the possibility of employer matching. Choosing the right plan depends on your business structure and goals, so consulting with a professional is a great next step. #SmallBusinessOwner #RetirementPlans #SIMPLEIRA #SEPIRA #401k #FinancialPlanning https://lnkd.in/ejERuiE3

Navigating retirement plans as a small business owner doesn’t have to be daunting. This article covers the basics of SIMPLE-IRAs, SEP-IRAs, and 401(k)s, each offering unique advantages. SIMPLE-IRAs allow both employers and employees to contribute, with lower maintenance costs and flexibility in contributions. SEP-IRAs, sponsored solely by employers, provide flexibility in contributions from year to year, which can be helpful for businesses with fluctuating cash flow. Finally, 401(k)s enable employees to contribute with the possibility of employer matching. Choosing the right plan depends on your business structure and goals, so consulting with a professional is a great next step. #SmallBusinessOwner #RetirementPlans #SIMPLEIRA #SEPIRA #401k #FinancialPlanning https://lnkd.in/eivJ8rWD

📊 Understanding 401(k) contribution limits for 2025 📊 As we head into 2025, it's important to stay informed about the latest 401(k) contribution limits. For many, maximizing contributions can be a key part of securing a financially stable retirement. The IRS has increased the contribution limits for 2025, offering both employees and employers greater opportunities to save. In our latest article, we break down the new limits and provide insights into how these changes could impact individuals and businesses. Helping your clients understand these changes is crucial as they begin planning for 2025. 💼 Ready to make the most of these updates? Check out the full article for all the details. https://lnkd.in/gg5_edHg #401k #ContributionLimits #RetirementPlanning

Navigating retirement plans as a small business owner doesn’t have to be daunting. This article covers the basics of SIMPLE-IRAs, SEP-IRAs, and 401(k)s, each offering unique advantages. SIMPLE-IRAs allow both employers and employees to contribute, with lower maintenance costs and flexibility in contributions. SEP-IRAs, sponsored solely by employers, provide flexibility in contributions from year to year, which can be helpful for businesses with fluctuating cash flow. Finally, 401(k)s enable employees to contribute with the possibility of employer matching. Choosing the right plan depends on your business structure and goals, so consulting with a professional is a great next step. #SmallBusinessOwner #RetirementPlans #SIMPLEIRA #SEPIRA #401k #FinancialPlanning https://lnkd.in/ejERuiE3

Navigating retirement plans as a small business owner doesn’t have to be daunting. This article covers the basics of SIMPLE-IRAs, SEP-IRAs, and 401(k)s, each offering unique advantages. SIMPLE-IRAs allow both employers and employees to contribute, with lower maintenance costs and flexibility in contributions. SEP-IRAs, sponsored solely by employers, provide flexibility in contributions from year to year, which can be helpful for businesses with fluctuating cash flow. Finally, 401(k)s enable employees to contribute with the possibility of employer matching. Choosing the right plan depends on your business structure and goals, so consulting with a professional is a great next step. #SmallBusinessOwner #RetirementPlans #SIMPLEIRA #SEPIRA #401k #FinancialPlanning https://lnkd.in/eFhiX5-Y