Under a New Maryland Law that went into effect on September 15, 2022, Maryland Saves will require eligible employers to establish a retirement savings plan for their employees. Do you own a business? Are you in the state of Maryland? Then in most cases you must comply. According to MarylandSaves, Roughly one million people in Maryland are working full time but … [Read more...] about What Maryland Businesses Should Know About the New State Retirement Plan Laws and Maryland Saves.
SEP IRA
The Top 5 Reasons a Solo 401(k) is Better than a SEP IRA
If you are a business owner AND you have a SEP IRA, don’t invest a dollar more until you read this post on the best-kept retirement plan secret in the industry. As we close in on year-end and start preparing for 2022, I wanted to talk about retirement plans for small business owners. The top retirement plan used by solo entrepreneurs has long been the SEP IRA. But, why? A … [Read more...] about The Top 5 Reasons a Solo 401(k) is Better than a SEP IRA