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Retirement Resolutions for the New Year |
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By NADART Administrator on
12/30/2008
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Every year brings new resolutions (often a repeat from last year’s resolutions). For 2009, why not resolve to concentrate on saving for retirement. The Associated Press recently wrote a piece on what you can do in the new year to plan for retirement:
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The 2009 NADA Convention Visits New Orleans! |
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By NADART Administrator on
12/23/2008
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The National Automobile Dealers Association is holding its 92nd Convention and Expo in New Orleans, LA on January 24-27, 2009 and already there is a lot of buzz! Today’s economy is proving very difficult for our industry but with over 40 informative workshops at this year’s convention that advise you on how to keep your dealership profitable, manage your business wisely and help you to network with your peers, your business will continue to thrive despite economic hardships.
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Now Is the Time to Save More, Not Less |
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By NADART Administrator on
12/18/2008
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While short-term circumstances may be telling you to curtail the amount of money you contribute to your retirement plan, this strategy can actually hurt you over the long term. That’s the conclusion of a recent article on the CNNMoney.com site. If you boost your contribution rate now, you’ll end up with a larger balance at retirement time than you would have otherwise. This strategy will also leave you in better shape if the financial markets continue to take a hit and your annual returns don’t materialize as expected. |
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Rebuilding Your Retirement Savings |
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By NADART Administrator on
12/16/2008
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The average investor has seen that the financial markets can be unpredictable to say the least. But even though certain elements of investing may be out of your control, there are steps you can take to mitigate the losses suffered as a result of the recent economic downturn, says a recent article in “Money Magazine”. |
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Employers Should Use Caution When Cutting Benefits |
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By NADART Administrator on
12/9/2008
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With the recent economic downturn affecting more and more businesses, employers are looking for ways to save money. Many companies are making the difficult decision to cut benefits, such as matching contributions for retirement accounts. While this may be a cost-cutting move for struggling businesses, employers should be aware of the negative impact it may have.
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Small Businesses Can Have 401(k)s Too |
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By NADART Administrator on
12/2/2008
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You don’t need a lot of employees to take advantage of a 401(k) plan. Small businesses and large businesses alike have the ability to start plans and offer them to their workers. That’s the conclusion of a recent article on the news site Seacoastonline.com.
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Do’s and Don’ts of Retirement Saving in a Down Market |
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By NADART Administrator on
11/26/2008
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With current market conditions, it can be difficult to know what step to take and which direction is the correct one for an employee. While every participant’s situation is different, USA Today recently published an article that contained some helpful dos and don’ts in this market:
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Catching up with Catch-Up Contributions |
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By NADART Administrator on
11/21/2008
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As the end of the year draws closer, employers may want to remind older employees about catch-up contributions. Just what are catch-up contributions, exactly? Catch-up contributions are 401(k) contributions made by employees age 50 and older above the current year IRS plan limits (currently $15,500 for 2008). For example, a worker age 52 may contribute an additional $5,000 above $15,500 for a total contribution of $20,500. This may be good for employees who were not able to contribute more towards their retirement at an earlier age.
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