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5. Establish an online presence. Printing up business cards is no longer enough to get your name out there as a consultant. The type of web presence you need can vary by industry and the strength ...
A Rollover as Business Startup allows you to roll retirement savings into funding a business tax-free ROBS will put your retirement savings at risk ROBS is a complex transaction and the IRS ...
And many consultants work part time or by project within their existing networks of colleagues, clients and contacts for a more flexible retirement. Dig deeper: 6 steps to starting a consulting ...
The main benefit of a Keogh plan versus other retirement plans is that a Keogh plan has higher contribution limits for some individuals. For 2011, employees can generally contribute up to $16,500 per year, and the employer can contribute up to $32,500, for a total annual contribution of $49,000.
The management consulting industry also practices up or out, where it is commonly regarded as a sign of the industry's "hard-nosed approach to doing business," with Bain & Co and McKinsey & Company being the two consultancies most closely associated with the approach.
Employees who cannot afford a payroll deduction (and therefore cannot participate) often include those who are starting their careers, work in low-paying jobs, have significant family obligations, etc. In short, the employees who most need a retirement plan may be the ones who can least afford to participate in a 401(k).
Starting a business in retirement offers the opportunity to pursue passions and interests that you may have set aside during your career-building years. It also offers significant financial ...
If you don’t have access to a 401(k) plan through your employer, you still have options for saving for retirement. “You have much more flexibility and options ahead of you, but much of it is ...