What is a Safe Harbor 401(k)?

safe harbor 401(k)
 for. A safe harbor 401(k) ensures employees are saving for retirement at every income level. This type of 401(k) has laws that prevent discrimination against lower-earning employees. It also protects employers from liability. Background Investment retirement plans became popular in the early 1980s after the Employee Retirement Income Security Act of 1974 (ERISA) and the Revenue Act of 1978. The retirement...
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Will Commission-Free Trades Change Investing?

Charles Schwab, TD Ameritrade, and now Etrade have all demolished trade fees for purchasing and selling stocks. Now that they are commission-free, will this change how consumers invest? Should Robinhood be concerned? Matter of Time? Robinhood was the first investment firm I heard of that had no transaction fees. I quickly signed up in 2015 and told everyone I knew that it was the way to go if you were...
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Corporate Philanthropy: The Good and The Bad

Corporate philanthropy sets companies apart from the pack. In their quest to gain market share and consumer dollars, they use various marketing strategies, including generosity. What is Corporate Philanthropy? Corporate philanthropy is a subset of corporate social responsibility (CSR), which is branding with a conscious. A business can’t be just about the bottom line. It has to improve the lives...
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Stop Living Paycheck to Paycheck

paycheck to paycheck
You’ve decided to stop living paycheck to paycheck, and now you have work to do. Money doesn’t magically stretch to cover all of your expenses because you need more time. You have to make it fight for you. *Contains Affiliate Links* Change Your Mind The first step in getting out of the paycheck-to-paycheck cycle is to consider your thoughts about money. Do you see more money as the answer...
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How to Recession-Proof Your Finances

recession-proof
If you think you can’t recession-proof your finances, then think again. The signs are all there of a looming economic downturn, but you can protect yourself. The key is to start now. What is Your Starting Point? First, you need to review your financial situation. Review all of your accounts, even those you thought you closed but didn’t. Write down your payments, their due dates, and their...
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