August 22, 2022

Who Should Invest in a Solo (Individual) 401k?
Who Should Invest in a Solo (Individual) 401k?

It’s essential that all Americans have access to some kind of retirement savings account. It’s something the government and IRS need to always support because Social Security distributions are not intended to be the total extent of one’s retirement income. For individuals employed by mid and large-size companies, investing for retirement is usually available to…

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How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement
How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement

As a business owner, you must operate your 401(k) plan according to the terms of a written plan document. Most plans use an IRS preapproved document for this purpose. All preapproved documents must be fully rewritten (or restated) every six years to reflect recent law changes. The last 6-year restatement cycle was called “PPA” after…

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The New WCI 401K | White Coat Investor
The New WCI 401K | White Coat Investor

WCI is ten years old this Spring and we’re now on our third 401(k). It’s been a long and winding road. Our first 401(k) was a simple, cookie-cutter Vanguard Individual 401(k). And when I say “our”, I mean “my”, since I was the only one working here and the only one contributing to it. It…

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