Pftown- Articles and Information about Business and Finance.

Your Statement arrives late
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Contributions have been held for more than fifteen days
Fluctuations in account balance do not mirror the stock market
Former employees have trouble getting their money on time
Employers frequently change investment managers or consultants

A Savings Incentive Match Plan for Employees plan, better known as a SIMPLE plan, is an IRA-based retirement plan available to employers with fewer than 100 employees.

Under a SIMPLE IRA plan, an employee can contribute a portion of his pay to his SIMPLE IRA account. An employee can make a maximum contribution of $9,000, ($10,500 if age 50 and over), to his SIMPLE IRA account for 2004. You, the employer, are required to make a contribution for every worker who receives $5,000 or more in compensation. Read the rest of this entry »

When you quit a job make it a point to take your money from your retirement plan with you. You will have the option to deposit the money into your new employers retirement plan, roll the cash into an IRA, or the forbidden leaving the money with your ex-employer. There is no tax benefit to let an employer, past or present to manage your funds. If you roll your money out into an IRA you will have no tax pentalies and will remain in control of your assets. Now when it comes to retiring never take your money in a series of checks. Take it in a lump sum. This way you’ll be in total control of your hard earned money. You will have unlimited investment options. You can increase income in comparison to cost of living in your ideal mind not what your employer thinks is enough for you.