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Self Employed 401k vs Solo 401k: What’s the Difference?
Let’s be honest: the retirement industry has a habit of selling "simple" like it’s always better. It sounds clean. It sounds easy. It sounds responsible. But the truth? "Simple" is often code for "less work for the financial institution." That’s the part most banks, brokerage platforms, and cookie-cutter advisors do not want to say out…
Read MoreSolo 401k: The Complete Guide for Self-Employed Business Owners (2026)
Let’s be honest: Most “guides” on the Solo 401k are written by big-box brokerage firms that want one thing: your assets under management in their generic mutual funds. They’ll hand you a cookie-cutter plan document, wish you luck, and leave you to drown in the IRS filing requirements the moment your account hits a certain…
Read MoreQDRO Preparation Near Me in New York
QDRO Preparation Near Me in New York If you are searching for “QDRO preparation near me,” you are really looking for someone who will make sure your Qualified Domestic Relations Order (QDRO) is drafted correctly, accepted by the plan, and actually paid—not just a local office down the street. At The Pension Department, Inc., we…
Read More2026 401k Limits
401(k) Contribution Limits: 2025 & 2026 401(k) Contribution Limits: 2025 & 2026 Employee Contribution Limits Category 2025 2026 Under 50 (Standard Deferral) $23,500 $24,500 Age 50+ (Catch-up) $7,500 $8,000 Age 60–63 (Super Catch-up) $11,250 $11,250 Total Max Contribution Example (Under 50) $23,500 $24,500 Total Max Contribution Example (50–59) $31,000 $32,500 Total Max Contribution Example (60–63)…
Read MoreNew York State Secure Choice Q&A
pdi Secure Choice NY by brett g
Read Moretop 401k providers for small business’
Let’s be honest: the top 401k providers for small business’ promise “low fees,” “easy setup,” and “great support.” But if you’ve spent any time shopping for a retirement plan, you know that the reality is often less impressive. Hidden costs, generic service, and clunky tech are everywhere. So, what does it really take to deliver…
Read MoreWhy 401(k) Loans Are a Bad Idea
1. Interest Rates Aren’t What They Used to Be Remember when 401(k) loans were a “cheap” way to borrow? That was back when interest rates were low. Now, most 401(k) loans charge prime plus 1% or even 2%. With the prime rate at 7.5%, you’re looking at 8.5% or 9.5% interest on your loan. That’s…
Read MoreHow Do 401k Loans Work
Imagine working at a company where your financial needs and your career are in sync—where your retirement plan isn’t just a far-off promise, but a practical tool you can use when life throws you a curveball. In today’s world, employees want more than just a paycheck and a retirement account. They want flexibility, options, and…
Read MoreCan I Use My 401(k) to Buy Life Insurance?
So, you’re thinking about life insurance and eyeing your 401(k) as a funding source. The short answer is yes—you can use your 401(k) to buy life insurance. But before you jump in, let’s unpack what this really means, the methods available, and the hidden pitfalls that could cost you dearly. 1. The 401(k) Loan Route This is the…
Read MoreCan I Use My 401(k) to Buy a House?
So, you’re dreaming of homeownership and you’ve got a 401(k) sitting there, maybe with a decent balance. The question pops up: “Can I use my 401(k) to buy a house?” The answer is yes—but let’s slow down and talk through what that really means, the options you have, and the pitfalls that rarely get mentioned.…
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