I’m Retiring Next Year. What Should I Do With My 401(k)?
If you’re retiring next year, your 401(k) may soon become part of your retirement paycheck. Learn the key factors to consider before deciding whether to leave your money in the plan, roll it into an IRA, or use a combination of both.
How Does an ESOP Plan Work?
Learn how an ESOP works, how employees receive company stock, how ESOP shares are valued, diversification rules, and what happens to your ESOP when you retire or leave your employer.
Self-Employment Side Hustle? Benefits of a Solo 401(k) Plan
A Solo 401(k) offers business owners and side hustlers a powerful way to reduce taxable income and accelerate retirement savings. This guide explains contribution limits, tax strategies, and how to choose between pre-tax and Roth contributions in 2026. Learn how to build a tax-efficient retirement plan and potentially eliminate income taxes on self-employment income. Discover why Solo 401(k) plans can outperform SEP IRAs in many cases.
Borrowing from Your 401(k)? One Wrong Move Could Trigger a Massive Tax Bill
Borrowing from your 401(k) may seem simple, but one mistake, like leaving your job, can trigger taxes, penalties, and long-term damage to your retirement savings. Understanding the rules before you borrow is critical.
2026 New York State Mandatory IRA Rules: What Employers Must Do to Stay Compliant
New York State’s Secure Choice IRA program is creating new compliance requirements for many employers beginning in 2026. Businesses with 10 or more employees that do not already offer a qualified retirement plan may be required to enroll workers in this state-facilitated Roth IRA program. Our analysis at Greenbush Financial Group explains who must comply, employer responsibilities, potential penalties, and why alternative retirement plans like SIMPLE IRAs or 401(k)s may offer greater long-term value.
New York State Secure Choice Law — Companies Are Now Required to Sponsor Retirement Plans for Employees
New York’s SECURE Choice program is changing how many employers must handle retirement benefits. If your business doesn’t currently offer a qualified retirement plan, you may be required to either register for SECURE Choice or implement an alternative plan option. In this article, we break down who must comply, key deadlines, and what employers should do now to avoid penalties and ensure employees have a retirement savings solution.
How Do Executive Non-Qualified Deferred Compensation Plans Work?
If you're a high-income executive, you’ve likely hit the contribution ceiling on your 401(k) or other qualified plans. So what’s next?
Enter the non-qualified deferred compensation (NQDC) plan—a tax deferral strategy designed for executives who want to save more for retirement beyond traditional limits.
Mandatory 401(k) Roth Catch-up Details Confirmed by IRS January 2025
IRS Issues Guidance on Mandatory 401(k) Roth Catch-up Starting in 2026
Starting January 1, 2026, high-income earners will face a significant shift in retirement savings rules due to the new Mandatory Roth Catch-Up Contribution requirement. If you earn more than $145,000 annually (indexed for inflation), your catch-up contributions to 401(k), 403(b), or 457 plans will now go directly to Roth, rather than pre-tax.
The IRS just released guidance in January 2025 regarding how the new mandatory Roth catch-up provisions will work for high-income earners. This article dives into everything you need to know!
