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Solo 401k Custodian Duties - Royal Legal Solutions
Solo 401k Custodian Duties – Royal Legal Solutions

You’ve decided to save for the future using a solo 401k, and you’ve named yourself the solo 401k custodian. But what does that mean?  A solo 401k, also called a self-employed 401k, or an individual 401k, is a unique savings vehicle for small business owners without employees except for their spouses.  That makes a self-employed…

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Should I Pay Zakat on a 401k Retirement Plan?
Should I Pay Zakat on a 401k Retirement Plan?

Answered by Shaykh Irshaad Sedick Question For a year, I was getting the company matching without investing in the 401K (I contributed to a stable index fund below the inflation rate to get the company matching). I thought this was a good idea at the time since there was no sharia-compliant fund in the 401K.…

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Important Policies For A Proper 401K Plan
Important Policies For A Proper 401K Plan

Wednesday, July 20, 2022 .In June’s 401(k) Compliance Check, we looked at the importance of understanding your 401(k) plan’s definition of compensation and what to do if you had been applying your definition incorrectly. This month we will take a look at five policies or procedures that are important for proper 401(k) plan administration. Why is…

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How To Set Up A 401k Plan For Your Small Business Employees
How To Set Up A 401k Plan For Your Small Business Employees

There are several steps to set up a 401k plan for your small business employees. Today, smaller businesses struggle to offer substantial retirement packages compared to large corporations. According to recent studies, considerable benefit packages are one of the top factors in small companies retaining employees. As a small business owner, you should learn how…

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Rethinking Your 401k: Toward a Moral Analysis of Investing
Rethinking Your 401k: Toward a Moral Analysis of Investing

By Jordan Stewart Modern Christians are not habituated to think about money theologically. Aside from homilies kickstarting the financial giving campaign of the year, most preachers tip-toe their way around the subject of money. Tithing, evidently the only non-taboo topic related to money, is usually presented as a scriptural command and nothing more. The widespread…

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How to Move 401k to Gold Without Penalty – Making Secure Retirement Plans
How to Move 401k to Gold Without Penalty – Making Secure Retirement Plans

As you age, you may begin to think about different strategies to save money for retirement. Investing in gold and silver or other physical precious metals through a specific individual retirement account can provide you with financial security for retirement. It is challenging to invest in physical gold using a standard 401k account. With a…

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