Results for 403 B

403(b) plans allow nonprofits to offer competitive retirement plans just like for-profit companies. Here's a run down of what they are and how they work.

Learn how a 403(b) plan and a Roth IRA affect your future. Both investment vehicles have advantages and disadvantages for retirement planning.

Investing in a 403(b) plan can help close the gap between your retirement needs and actual income.

A 403(b) retirement plan is similar to a 401(k), but there are some key differences you need to understand.

Use our calculator to help you determine if you should borrow from your account and the potential impact on your retirement savings.

An ongoing relationship with a financial consultant may help avoid impulsive decisions that could have a negative impact on your 403(b) plan.

There are disadvantages of doing nothing with your 401(k) or 403(b) when changing employers. Here's why you'll want to 'roll it over' instead.

We kick this issue off with a lead article that asks the provocative question, Is Your Board an Accident Waiting to Happen? The reality is that even the best-intentioned board members can get your nonprofit in trouble if they don't receive at least some basic training in their roles and responsibilities
What to Know When Taking Federal Money on Page 2 provides an overview of recent changes to audit requirements for nonprofits that receive federal awards (aka a "Single Audit").
On Page 3,…

While reasonably basic to an IRA specialist, the 9 ideas below are often overlooked by consumers and many financial practitioners alike who do not specialize in IRAs. Used appropriately, they may often help individuals and families preserve their retirement wealth. Perhaps they can help you too. Consider researching in more depth on your own, or perhaps broach any of the topics you feel may apply to you in more detail with your financial consultant(s).

iStockPhoto.com
4. Gather 'free money' wherever you can get it
Be sure that you are getting the maximum amount of matching dollars that your employer provides in your 401(k) or 403(b) and make liberal use of credit cards that make deposits of 1 percent or 2 percent cash back into your brokerage account. Every little bit helps.

How to Give Your Finances a Spring Cleaning
Ah, spring! It's the season of renewal, when we can count on longer and brighter days, the return of baseball and the urge to get the house in order
That goes for many people's financial houses as well. Spring is a good time to comb through your personal finances and ensure that you're managing your budget, credit cards, investments and insurance in the best possible way. Here's how to get started.
Reassess your household budget…

Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Winston-Salem State University
If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.
Gift of Retirement Assets
Avoid potential estate tax on retirement assets
Your heirs would avoid income tax…

1. Think long-term. Where do you want to be financially in five, 10, or 40 years? If you constantly focus on what you want immediately, your long-term financial future could be in danger
2. Live within your means. While you’re just starting your work life and you’re earning a modest income, don’t try to live a celebrity lifestyle. In reality, as a young professional, you are likely not going to start out making a six-figure income. Live and spend, keeping that fact in…

The impressions were huge, but the product needed to improve first.

Think of this next phase of your life as a clean slate. If you take the time now to set up strong financial systems and habits, you'll have the foundation to support families, homeownership, investing -- even retirement. If you're always working through credit card debt and loans or unsure about what's coming in and going out, that road will be bumpy
First Things First
Check your credit report at AnnualCreditReport.com . You don't need to pay for your score, just make sure…

Everyone wants to save money on their taxes, and older Americans are no exception. If you’re age 50 or older, here are six tax tips that could help you do just that
1. Standard Deduction for Seniors. If you and/or your spouse are 65 years old or older and you do not itemize your deductions, you can take advantage of a higher standard deduction amount. There is an additional increase in the standard deduction if either you or your spouse is blind.
2.…

Thursday, March 19, 2015
Your divorce is final. Now what
Divorce can be a long, exhausting process and it’s tempting to file things away and move on quickly to your new life. However, financial planning after a divorce is critical to securing your financial future. It’s important to invest some time to review your financial documents after your divorce is final and make any necessary changes.
Follow these tips for a smarter, more secure financial future after a divorce:
Update your will, trusts…

Jennifer Saenz of Frito Lay and Greg Lyons of Pepsi spoke with Adweek about the inspiration behind PepsiCo’s spots.

Traditional IRAs and employer retirement plans such as 401(k)s and 403(b)s offer several tax advantages, including the ability to defer income taxes on both contributions and earnings until they’re distributed from the plan
But, unfortunately, you can’t keep your money in these retirement accounts forever. The law requires that you begin taking distributions, called “required minimum distributions” or RMDs, when you reach age 70½ (or in…

SIMPLE-IRA PLANS - DEPOSIT RULE IS SIMPLE
The DOL requires that employee payroll deductions for an employer's SIMPLE-IRA retirement plan must be remitted by the 30th day following the month in which the "elective deferrals" were withheld from payroll
WHAT ABOUT EMPLOYER SHARE OF FUNDING?
Employers are not required to transmit employer "matches" and discretionary employer contributions until the due date of the employer's Federal income…